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Bitcoin pushes past $105K as Senate stablecoin bill clears key hurdle
Bitcoin extends its rally above $105 000 after a raft of pro-crypto headlines—from a U.S. stablecoin bill to blockbuster ETF inflows—while Ethereum rides an ETF green-light and whale buying to reclaim $2.5 K.
Senate advances the first comprehensive stablecoin bill, signalling regulatory clarity.
BlackRock’s IBIT pulls in another $305.9 M—double the daily flow of Gold’s GLD.
An Ethereum ETF wins SEC approval, igniting on-chain whale accumulation.
Market overview
- Global crypto market cap: $3.34 T ↑ 3.6 %
- 24-h volume: $129.4 B ↓ 11.2 %
- Bitcoin dominance: 62.8 % ▼ 0.24 %
Major cryptocurrency prices
- Bitcoin (BTC): $105 613 ↑ 3.2 %
- Ethereum (ETH): $2 547.9 ↑ 7.6 %
- XRP: $2.37 ↑ 2.9 %
- Solana (SOL): $168.68 ↑ 5.0 %
- Litecoin (LTC): $97.17 ↑ 2.5 %
- Cardano (ADA): $0.738 ↑ 3.2 %
- Dogecoin (DOGE): $0.225 ↑ 3.8 %
Stablecoin bill clears the Senate and steadies market nerves
The U.S. Senate voted late Monday to move forward the GENIUS Act, the chamber’s first full stablecoin framework. It mandates 1-to-1 reserves, bars Big Tech from issuing coins, and hands foreign issuers to Fed oversight. Traders cheered the rare display of legislative progress, reading it as a green light for dollar-pegged liquidity.
BlackRock ETF inflows eclipse gold funds
Farside data show BlackRock’s IBIT pulled $305.9 M on Monday, lifting its AUM above $65 B and dwarfing daily flows into SPDR Gold Shares. Analysts say the rotation underscores bitcoin’s appeal as a geopolitical hedge after U.S.–China tariff détente signs.
Ethereum gets its own U.S. spot ETF
In a surprise pre-market filing, the SEC approved the first spot Ethereum ETF, paving a path for Wall Street money to track ETH directly. Within hours, a whale address scooped 2 767 ETH at $2 522, booking $1.47 M in 19 days and flagging renewed confidence in the asset.
Whale leverage sends bitcoin funding higher
Derivatives desk HyperliquidX reported a single trader opening a $569 M BTC long, now $18 M in profit. Funding rates ticked to +0.035 % as speculators chased the move, but options skew stayed neutral—hinting at contained leverage risk.
JPMorgan’s U-turn spotlights institutional FOMO
Breaking a years-long ice wall, JPMorgan opened bitcoin access to its wealth clients. The bank cited “persistent demand” despite CEO Jamie Dimon’s public scepticism, mirroring similar shifts at UBS and HSBC this quarter.
MantraDAO plots mega burn to erase crash scars
DeFi protocol MantraDAO said it will burn 300 M OM tokens—half from the founder’s wallet—after last week’s 90 % wipe-out. Observers compare the move with 2024’s LUNA2 redemption attempt, warning that supply cuts alone rarely fix trust deficits.
Sentiment checks turn to greed but ease off highs
The Crypto Fear & Greed Index sits at 71 – Greed, easing from 74 over the weekend. Analysts attribute the slight pullback to profit-taking after the ETF headlines.
Higher highs but watch the Fed
With legislative clarity emerging on stablecoins and spot ETH products, the path of least resistance remains up. Still, traders eye next week’s FOMC minutes for hints on liquidity. A hawkish tilt could test bitcoin’s new $100 K floor, while dovish language might open a run at January’s $109 K record.
