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Global crypto adoption grows as a Nasdaq-listed Chinese tech giant joins the trend, while Bitcoin surges past $107K despite signs of bull market fatigue. A weaker dollar and Nvidia's record high bolster Bitcoin's bullish outlook amid recession signals.

U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise

CoinDeskThursday, May 22, 2025 at 12:55:59 PM
U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise
Bitwise, a major crypto asset manager, suggests that if the U.S. passes a stablecoin regulation bill, it could spark a sustained bull run in the cryptocurrency market. The idea is that clear rules would reduce uncertainty, attract institutional investors, and stabilize the often-volatile crypto space—especially for stablecoins, which are crucial for trading and liquidity.
Editor’s Note: Stablecoins are like the plumbing of crypto—they keep everything flowing smoothly. Right now, their legal status is murky in the U.S., which makes big investors nervous. If Congress gives them a clear thumbs-up (or at least some guardrails), it could be the confidence boost the market needs to go from "wild west" to mainstream. This isn’t just about traders getting excited—it’s a sign crypto might finally be growing up.
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