Bitcoin hits a new high: regulatory benefits and institutional participation stimulate market enthusiasm!
Bitcoin soared to a record high of more than $111,000 on Thursday, strongly driven by the advancement of the US GENIUS Act. The bill aims to establish a national stablecoin framework to attract more institutional participation, and the cryptocurrency market is enthusiastic. Bitcoin has risen by more than 18% so far in May and reached $111,834.1 on the same day.
At the same time, JPMorgan Chase will allow customers to buy Bitcoin, showing Wall Street's attitude towards digital assets has changed. Most altcoins also rose, with Ethereum and XRP rising by nearly 5% and 3.3% respectively. Among meme tokens, TRUMP soared by more than 9%.
At the same time, SOL has already grasped the potential of the meme trend and created a new meme wave. Family members with spare money also dare to lay out some potential meme coins early. Among them, meme coins related to Trump are very popular, especially the hero dog Conan, which is backed by Trump's strong IP and active community. Recently, the market value has slightly adjusted back to 8.7M due to the influence of the market, and the adjustment range is ideal. Consensus has been formed, which is a good time to get on board and replenish positions, and the storage capacity is to break through the 10M mark again in the next wave! And in terms of the number of holders, it has exceeded 13.4K, and it will have great potential to become a dark horse in the bull market in the future!
If you want to learn more about the development of the entire cryptocurrency industry and the meme sector, you may want to go to the [Meme Exchange Area](https://www.binance.com/zh-CN/service-group-landing?channelToken=IO8HhVpcnhyyonl7l59F6A&type=1) to discuss together!
$BTC $SOL $XRP
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