Bitcoin Price Watch: Bulls and Bears Clash at Key $113K Pivot

US Senator Cynthia Lummis criticized the Federal Reserve's recent crypto decision as "just lip service," arguing it doesn't represent real progress. Meanwhile, SEC Chair Paul Atkins spoke at an agency roundtable, and Circle executive Dante Disparte denied rumors about the company seeking a US federal bank charter. The crypto industry's optimism over softened Fed guidance may be premature, according to Lummis.

A pro-Trump super PAC called MAGA Inc. has raised an eye-popping $200 million, with a big chunk of that money coming from major players in the crypto world, including Elon Musk and the Winklevoss twins. This highlights how crypto industry leaders are increasingly throwing their financial weight behind Trump’s political efforts.

Editor’s Note: This story matters because it shows how cryptocurrency billionaires are becoming major political donors, potentially shaping the 2024 election. If crypto leaders keep backing Trump, it could influence his policies on digital currencies and financial regulation—something that affects both investors and everyday Americans.

Bitcoin's price is currently in a tense standoff between buyers (bulls) and sellers (bears) around the critical $113,000 mark, which could determine its next major move. The article highlights the ongoing volatility and market indecision at this pivotal level.

Editor’s Note: For crypto investors, this price battle is a big deal—$113K could either become a springboard for Bitcoin's next rally or a stumbling block triggering a deeper drop. It’s a classic "wait and see" moment that could shape market sentiment in the coming weeks.

Crypto analyst Marcus Corvinus sees Ethereum's recent price drop as a temporary setback, predicting a strong rebound and new highs soon. Despite the current slump, he points to underlying bullish signals that could drive ETH upward in the near future.

Editor’s Note: For anyone invested in or watching Ethereum, this analysis offers a silver lining amid the market dip. If the analyst’s optimism holds, ETH could be gearing up for a significant rally—something traders and crypto enthusiasts will want to keep an eye on.

Eric Trump, son of former President Donald Trump, has publicly expressed bullish views on Bitcoin and Ethereum, promoting these cryptocurrencies during a time of economic uncertainty caused by tariff concerns. His endorsements underscore the increasing overlap between political figures and the volatile digital asset market.

Editor’s Note: When high-profile political figures like Eric Trump weigh in on crypto, it can sway market sentiment and investor behavior—especially during shaky economic times. This story matters because it shows how political and financial worlds are colliding more than ever, with crypto becoming a talking point beyond just finance circles. Whether you're into crypto or not, these kinds of endorsements can ripple through markets, affecting everything from Bitcoin prices to regulatory debates.