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US President Donald Trump took to Truth Social and stated that he was with 11 of the 12 Congressmen and Congresswomen needed to pass the much-anticipated GENIUS Act. According to Trump’s post, all 11 members have agreed to vote in favor of the legislation. The GENIUS Act aims to bring more clarity and regulatory oversight into the stablecoin arena in the US. Let’s discuss if the legislation will have a positive impact on Bitcoin (BTC) and the larger cryptocurrency market. Source: Truth Social Can The GENIUS Act Help Bitcoin Hit $140,000? Source: Watcher.Guru The GENIUS Act does not have anything to do with the larger cryptocurrency market. The legislation will deal with uncertainties in the stablecoin industry. While stablecoins are not directly linked to the performance of other crypto assets, the legislation could lead to a general bullish environment. Such a development could help Bitcoin (BTC) and other crypto assets. The GENIUS Act could pave the way for other legislati...

The cryptocurrency market has been witnessing major shifts over the past couple of days.. After recording meteoric upticks, the industry was once again drowning in losses. Several assets like Bitcoin (BTC) lost major profits over the past 24 hours. After rising to a high of $94,727, the asset dipped back to a low of $82,467.24. While some were concerned about the king coin’s volatility, a few others were looking at the current scenario as a good buying opportunity. El Salvador, a country known for its inclination towards the cryptocurrency, made use of this to boost its BTC stash. Also Read: SUI Cryptocurrency To Reach $10B Market Cap in March 2025? Current Market Source: Watcher Guru Over the past 24 hours, the world’s largest cryptocurrency, dipped by nearly 10%. At the time of writing, the king coin was trading at $84,124.73. It should be noted that Bitcoin surged all the way to a high of $109,114.88. Currently the asset is 23% below this peak. Source: CoinMarketCap Sever...