Coinbase Spot Demand Drives Bitcoin Rally Amid Regulatory Developments

The recent Bitcoin rally is fueled by spot demand on Coinbase, indicating genuine capital commitment rather than leveraged bets in derivatives markets. This trend follows the news of Powell's subpoena and shows steady spot accumulation, as highlighted by crypto trader Alex Krüger.

Spot purchases on Coinbase suggest a more stable and committed investment environment for BTC.
Despite perceptions, 40% of S&P 500 stocks closed red in 2025, challenging the narrative of BTC lagging behind equities.
The DOJ's move on Powell was a significant macro test for BTC.
Krüger notes BTC's value proposition as a hedge against central bank risks, with key resistance at the 50-week moving average around $101,420.

The Digital Asset Market Clarity Act is under discussion in the Senate Banking Committee. This act aims to resolve regulatory uncertainty between the SEC and CFTC, which deters large institutional investors from entering the digital asset market.

If passed, the act could bring more institutional confidence and potentially increase demand for BTC.
A clearer regulatory framework might lead to a surge in institutional investments, bolstering BTC's price momentum.