Senate Rejects Crypto Bill, Slashing Bitcoin's $200K Hopes
The US Senate's rejection of a key cryptocurrency bill has dealt a significant blow to the hopes of Bitcoin reaching $200,000 by the end of 2026. Market prediction odds for this price target have dropped to around 1.1%, reflecting increased skepticism amid regulatory challenges.
This legislative setback adds to an already difficult year for the crypto sector, which faces regulatory scrutiny and market volatility. Investors and industry watchers will be monitoring future Federal Reserve policies and potential new legislation for signs of market shifts.
Despite this, Bitcoin's market cap remains substantial at Rp27.277,71 trillion. Pluang users show a strong buying interest with 70% buy orders and a typical hold time of 109 days, indicating sustained engagement despite regulatory setbacks.