Bitcoin isn’t hitting new all-time highs right now because the market is experiencing uncertainty, tight liquidity, and cautious investor sentiment.

Even though inflation is cooling a bit, rising Treasury yields and worries about tariffs make traders hesitant to go all in. After the recent rally, it is probable that many people are taking profits and waiting to see if the Fed signals any rate cuts before making their next move.

Bitcoin is currently sitting around $80K.

The GENIUS Act has received strong bipartisan support, underscoring a shared commitment to establishing a clear regulatory framework for payment stablecoins.

Senator Bill Hagerty (R-TN) praised the bill’s progress, stating, “I’m pleased to see my GENIUS Act successfully pass out of the Senate Banking Committee with bipartisan support.”

He emphasized its role in modernizing payment systems, improving efficiency, and bolstering U.S. economic leadership. Kristin Smith, president of the Blockchain Association, a crypto lobbying group, echoed this sentiment, calling the vote “a smart step in the right direction for American innovation."

The bill's passing highlights Washington’s unified stance on stablecoin regulation. Lawmakers on both sides of the aisle are openly committed to fostering crypto innovation while protecting consumers.

Rumble, the video-sharing platform known for its free speech stance and positioning as a YouTube alternative, has made a bold move into Bitcoin, purchasing the cryptocurrency at an average price of $91,000 per coin.

The decision aligns with the company's broader push for decentralization, which challenges both Big Tech and traditional financial institutions. However, since Rumble's purchase, Bitcoin’s price has declined amid macroeconomic uncertainty and concerns over a potential recession.

Despite the downturn, Rumble’s investment signals continued institutional interest in Bitcoin, reinforcing its role as a financial asset in corporate treasuries.

Bitcoin’s role in decentralized finance (DeFi) is expanding as Layer-2 solutions work to unlock its potential.

A Binance Research report highlighted that only 0.8% of the cryptocurrency’s supply is engaged in DeFi, underscoring the significant room for growth.

While Bitcoin’s inherent lack of programmability poses challenges, Layer-2 networks are stepping in to enable lending, staking, stablecoins, and decentralized exchanges.

Starknet, for instance, is piloting a bridge between Bitcoin and Ethereum, integrating the Bitcoin wallet Xverse, and launching “BTCFi Season” to drive DeFi adoption. However, Bitcoin’s long-term success in DeFi hinges on improved scalability, liquidity incentives, and a sustainable security model as block rewards diminish.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.