CoinDesk
30 May 2025
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Bitcoin Trading at $105K as Altcoin Volumes Increase

Market Overview

Bitcoin (BTC) is trading at $105,713, down 1%, amid price consolidation near all-time highs. Key points include:

  • BTC's volatility is decreasing despite macroeconomic uncertainties.
  • Traders are engaging in call overwriting to capitalize on potential price increases without losing core exposure.
  • Institutional interest may provide support as BTC encounters resistance around $108.8K.

New Crypto Regulatory Bill Introduced

The U.S. House Republicans have introduced the Digital Asset Market Clarity Act, which includes:

  • Commodity Futures Trading Commission (CFTC) given primary oversight of digital commodity markets.
  • Clear guidelines for crypto exchanges and exemptions for certain DeFi services from SEC regulation.
  • Upcoming committee hearings to discuss the bill, shaping future U.S. crypto regulation.

Accountability in Crypto Trading

Hester Peirce of the SEC emphasized that traders should take personal responsibility for losses, stating:

  • Investors must accept accountability when engaging in speculative ventures.
  • Most crypto tokens are not securities and don't require SEC registration unless linked to securities.
  • A need for clear legislative action to establish a federal regulator for retail trading.

Blockchain Founders Fund Achievements

Blockchain Founders Fund has surpassed 200 investments across over 160 companies, notable projects include:

  • Shardeum, an Ethereum-compatible blockchain platform.
  • Validation Cloud, merging traditional enterprises with blockchain and AI technologies.

Market Movements

  • BTC: Trading at $105,713, fluctuating between $105,682 and $108,927.
  • ETH: Up 6%, peaked at $2,784 before stabilizing near $2,650.
  • Gold: Up 0.4% at $3,311 due to U.S. economic contraction.
  • Nikkei 225: Dropped 1.55% amid inflation concerns.
  • S&P 500: Closed up 0.4% at 5,912.17, boosted by Nvidia but cautious due to tariff developments.

Other Notable News