Bitcoin’s Price Recovery Revives Profit Margins For Short-Term Whales, Rally To Extend?

Circle's new feature would violate crypto's core ethos of immutability

The post After USDT’s global victory Circle’s USDC battles Tether’s USAT in $650B USA showdown appeared on BitcoinEthereumNews.com. There’s little doubt that Tether has conquered the world with USDT. With a market cap of $171 billion, it outpaces all other stablecoins combined. Earlier this month, Tether introduced a new U.S. dollar stablecoin, USA₮, to compete with USDC in the domestic market under U.S. law. The company named Bo Hines to lead its U.S. unit and build issuance and custody around Anchorage Digital and Cantor Fitzgerald, a move disclosed after Congress enacted a federal framework for fiat-referenced tokens. USA₮, or USAT, is designed to meet the new regime’s reserve and disclosure requirements. The legislative backdrop arrived on July 18 when the GENIUS Act was signed, setting monthly reserve attestations, high-quality liquid asset backing, and clear supervisory lanes for both bank and qualified non-bank issuers. The competitive field tightened further after Circle completed an initial public offering that raised about $1.05 billion, with shares priced at $31. The near-term contest now centers on onshore distribution and reserve income U.S. merchants and payment processors want tokens that fit cleanly within money-movement and treasury policies. This means monthly reserve certifications, bankruptcy-remote structures, and straightforward redemption mechanics. The GENIUS Act bans issuer-paid yield, which puts the commercial model on a float scale and operating efficiency. Circle’s structure routes most reserves into BlackRock’s Circle Reserve Fund, a money-market-style vehicle invested in short-dated Treasuries and repurchase agreements, while Tether has reported a large U.S. Treasury footprint that has grown with stablecoin demand. Stablecoin transfer volumes reached multi-trillion levels this year, reminding treasurers that liquidity and chain coverage now matter as much as brand. Policy harmonization outside the U.S. will shape merchant access. The UK’s Financial Conduct Authority closed its consultation on issuance and custody in July, with the Bank of England considering caps on systemic holdings. Per the FCA consultation CP25/14, authorization, safeguarding, and disclosure…

The post Bitcoin (BTC) Dips and Rallies Post-Fed Rate Cut: What’s Next for Prices? appeared on BitcoinEthereumNews.com. The expected Federal Reserve rate cut was announced on Wednesday. True to form, market makers sold Bitcoin down to $114,800. Then the price rebounded hard, stopping just short of $118,000. Is this rally just getting started? 3 more rate cuts to come? A failing US jobs market undoubtedly forced the hand of the Federal Reserve, and not only were 25-basis points cut on Wednesday, but analysts are predicting a further 3 monthly cuts through to the end of the year. These easier financial conditions are likely to be beneficial for Bitcoin and the crypto market in general. Dip, then strong rally Source: TradingView The 4-hour chart for $BTC shows that the price rallied strongly after the initial dump going into the FOMC meeting rate cut announcement on Wednesday. Once the price had hit a bottom, which coincided with the lower trendline of the ascending channel and the top of the small bull flag, it then rebounded vigorously. Currently, the bulls are battling with the $117,500 horizontal resistance. This is the last big level to overcome before the $BTC price can head on back to the all-time high. A candle body pierced through the resistance level but a candle will have to open above in order to break this resistance. A tale of two resistances Source: TradingView The daily chart presents a nice clear picture of what is in front of the $BTC price. It can be observed that the price is right up against the first of the two resistances. If $117,500 falls, $120,000 will be next. The second of these two resistances is also likely to have the top trendline of the ascending channel acting as resistance at the same time, so this could prove even more difficult to break. That said, a break of $120,000 would most definitely…