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Bitcoin Pepe price outlook as stablecoin companies gain after US Senate passed GENIUS act

  • U.S. Senate’s passage of the GENIUS Act, a stablecoin bill, led to significant stock price surges for Coinbase and Circle.
  • Bitcoin Pepe, designed to combine Bitcoin’s security with Solana’s speed, has raised over $15 million in its presale.
  • The project also announced a 30% token bonus for current investors.

The post Bitcoin Pepe price outlook as stablecoin companies gain after US Senate passed GENIUS act appeared first on CoinJournal.

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Best crypto presales to buy as BTC ETFs continue hot streak

  • Even amid market volatility, BTC’s resilience has buoyed sentiment across the broader crypto ecosystem.
  • Unlike many meme tokens that rely solely on hype, Bitcoin Pepe is backed by a solid technical roadmap.
  • The project’s presale has raised over $15 million. The BPEP token is currently priced at $0.0416.

Bitcoin (BTC) and major altcoins such as Ethereum (ETH), XRP, and Solana (SOL) saw modest price movements on Thursday, as the crypto market held steady following the Federal Reserve’s decision to keep its benchmark interest rate unchanged at 4.25%–4.50%.

In its policy statement, the Federal Open Market Committee reiterated its commitment to achieving maximum employment and returning inflation to its 2% target.

While no immediate policy changes were announced, the Fed emphasized it remains prepared to adjust its stance if emerging risks threaten economic progress.

The central bank also released its quarterly economic projections, including the closely watched dot plot.

Officials maintained their expectation of two rate cuts totaling 50 basis points by year-end, consistent with the March forecast.

Meanwhile, rising geopolitical tensions, particularly surrounding the Iran-Israel conflict, continue to add uncertainty to broader markets.

In this sentiment, one patch of strength has been the strong inflows in BTC ETFs.

Strong inflows have also been seen in early-stage project Bitcoin Pepe.

The project’s presale recently crossed the $15 million mark.

BTC ETF inflows continue to show strength

US-based spot Bitcoin exchange-traded funds (ETFs) recorded a combined $388.3 million in inflows on Wednesday, marking the eighth consecutive day of net positive capital flows, even as markets absorbed renewed geopolitical tensions from the ongoing Israel-Iran conflict.

According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with $278.9 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $104.4 million.

Bitwise’s Bitcoin ETF (BITB) also posted an $11.3 million inflow. Other issuers, including ARK Invest, Invesco, Franklin Templeton, Valkyrie, VanEck, and WisdomTree, recorded no inflows for the day.

The strong capital injection underscores continued institutional interest in Bitcoin, which traded near $104,777 and held within the $104,000–$105,000 range.

Bitcoin Pepe’s presale sees continued interest

Bitcoin’s resilience amid continued macroeconomic uncertainty is helping buoy sentiment across the broader cryptocurrency market, reigniting speculative interest among investors.

The leading cryptocurrency has held steady, underpinned by consistent demand from spot Bitcoin ETFs and a limited escalation in geopolitical tensions, particularly in the Middle East.

Historically, periods of relative macro and market stability have often preceded rallies in high-volatility segments of crypto, particularly meme coins and early-stage projects.

In this risk-on environment, capital is beginning to rotate back into such assets, with meme tokens among the first to benefit.

A notable name in this segment is Bitcoin Pepe, a project that aims to combine internet meme culture with a credible Layer 2 infrastructure narrative.

Positioned as an effort to “build Solana on Bitcoin,” Bitcoin Pepe seeks to leverage the base-layer security of the Bitcoin network while offering the scalability and speed typically associated with Solana.

This hybrid approach differentiates it from meme tokens that rely purely on community-driven momentum, offering a more structured technical foundation.

To reinforce this positioning, the development team has shared visual updates showcasing progress on the project’s infrastructure.

The project’s PEP-20 token standard allows permissionless minting and trading on Bitcoin.

Bitcoin Pepe has drawn significant interest during its ongoing presale, raising over $15 million to date.

The project’s native token, BPEP, is slated for listing on centralised exchanges MEXC and BitMart—a move expected to enhance liquidity and visibility ahead of its broader market debut.

A major listing announcement is scheduled for June 30, which has sustained investor anticipation as the presale enters its final phase.

 

The post Best crypto presales to buy as BTC ETFs continue hot streak appeared first on CoinJournal.

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Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP

  • Chainlink price is slightly up in early trading on Thursday.
  • This comes as Trump asks the House to “get GENIUS” on his desk ASAP.
  • Chainlink’s technology could be massive for stablecoin adoption.

Chainlink’s LINK token is among the few across the crypto market to trade green on Thursday morning as it rides optimism around the GENIUS Act.

LINK price hovered around $13.16 at the time of writing, up 1% in the past 24 hours.

This comes as various industry players laud the US Senate for passing a landmark stablecoin bill.

President Donald Trump has now urged House lawmakers to swiftly pass the legislation, posting on Truth Social: “Get it on my desk ASAP!”

The bill, which cleared the Senate on Tuesday, aims to regulate dollar-pegged stablecoins, cementing their role in the digital economy.

Investors see Chainlink’s infrastructure as pivotal to this shift, a scenario that could boost LINK’s price.

Trump lauds Senate on GENIUS Act

On Tuesday, the US Senate passed the GENIUS Act with a 68-30 vote, a historic win for the crypto industry.

The legislation, officially the Guiding and Establishing National Innovation for US Stablecoins Act, establishes federal guardrails for stablecoins, ensuring full reserve backing, monthly audits, and anti-money laundering compliance.

Trump praised the Senate’s move, saying, “this is American brilliance at its best”.

Crypto journalist Eleanor Terrett shared Trump’s post via X.

The bill now heads to the Republican-controlled House, where bipartisan support is expected, before landing on the President’s desk for signing.

Industry leaders view this as a turning point, opening doors for banks, fintechs, and retailers like Amazon to issue stablecoins.

Why Chainlink?

Stablecoins, with over $250 billion in onchain value, are a cornerstone of crypto.

They are what is enabling near-instant, low-cost global transactions, all around the clock and globally.

As their market is projected to soar into the trillions, robust infrastructure is critical for trust and scalability.

Chainlink, a decentralized oracle network, is uniquely positioned to meet these demands.

Chainlink co-founder Sergey Nazarov stated,

“Chainlink is the only platform that provides proof of reserves and cross-chain connectivity in one system.”

Nazarov emphasized that US stablecoin regulation will drive global growth, raising transparency and interoperability standards.

Chainlink’s Configuration Runtime Environment (CRE) allows issuers to manage reserves, compliance, and cross-chain transfers seamlessly, making it a go-to solution.

With partnerships like World Liberty Financial’s USD1 stablecoin already leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the platform’s role is expanding.

Chainlink (LINK) price

The outlook for stablecoins in the US is bullish for LINK’s price.

As stablecoin adoption accelerates, demand for Chainlink’s services could spike, driving token value.

Furthermore, analysts note LINK’s rally on the back of Trump’s election win and WLF endorsement as some pointers to what could happen next.

If the GENIUS Act passes the House, Chainlink’s infrastructure could become critical, potentially pushing LINK higher.

 

The post Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP appeared first on CoinJournal.

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Solana price forecast: Bears still targeting the $140 support

Key takeaways

  • SOL has failed to push above the 20-day EMA and could now test the $140 support level.
  • If the bulls fail to defend the $140 support, SOL could dip further towards $123 in the short term.

SOL dips 1% amid broader bearish performance

This has been a net negative week for the cryptocurrency so far. The ongoing Middle East crisis has wiped out billions of dollars from the crypto market over the past few days, and more downward correction is expected.

One of the worst performers among the top 10 cryptocurrencies by market cap is Solana (SOL). The coin has lost 8% of its value over the last seven days and could face further downward movement, fueled by market fundamentals and technical signals.

The bearish performance coincides with Bitcoin and other major cryptocurrencies underperforming. If the Israel-Iran conflict continues, SOL could record further losses in the coming days.

The neutral interest rate decision by the U.S. Federal Reserve on Wednesday also didn’t help SOL and other major cryptocurrencies.

Bears target the $140 support level

So far, the bulls have done an excellent job in defending SOL’s price around the $145 level. However, the cryptocurrency’s price action remains bearish and could test the $140 support level in the coming hours or days.

Buyers pushed SOL above the 20-day EMA ($154) earlier this week. However, they couldn’t clear the 50-day SMA ($160) hurdle. This resulted in the bears pushing the price down towards the critical $140 support level.

SOL price action

If the $140 level fails to hold, the SOL/USDT pair will complete a bearish H&S pattern and could eventually drop to the next support levels at $123 and $110. The RSI at 42 indicates that SOL is edging into the oversold territory.

However, if the bulls regain control and push the price above the 50-day SMA, it suggests strong buying near $140. SOL going above the 50-day SMA could keep the price between $140 and $185 for a while. The market will switch bullish once SOL closes above the $185 psychological level.

The post Solana price forecast: Bears still targeting the $140 support appeared first on CoinJournal.

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Bitcoin stays above $104k as Fed leaves interest rate unchanged

Key takeaways

  • BTC continues to trade above the $104k level despite the ongoing Middle East crisis.
  • The U.S. Federal Reserve left interest rates unchanged but expects inflation to decline in the coming months.

Federal Reserve leaves interest rates unchanged

The major financial news of the week took place on Wednesday, with the FOMC confirming what many analysts already predicted. The U.S. Federal Reserve kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December.

Despite that, the apex bank stated that it expects inflation to remain elevated and sees lower economic growth ahead. Furthermore, the Fed expects to make two rate reductions later this year, as previously stated.

Bitcoin, the leading cryptocurrency by market cap, didn’t react to this news as the market had already priced it in. However, Bitcoin could rally higher in the near term as traders anticipate two rate cuts before the end of the year. At press time, the price of Bitcoin continues to trade around $104,700. 

BTC could rally towards $106k amid improved technicals

The market fundamentals continue to be poor, with the United States now increasingly involved in the ongoing conflict between Iran and Israel. However, technical indicators favour a short-term rally for the world’s leading cryptocurrency.

BTC surged above the 20-day exponential moving average ($105,851) on Monday. However, the bulls failed to sustain the higher level, and it dropped to the 50-day SMA on Tuesday.

The relative strength index (RSI) is approaching the midpoint, signalling a possible rally in the near term. If Bitcoin breaks above the 20-day EMA in the short term, it could rally higher towards a new all-time high at $112k.

However, if the bears remain in control and push the price below the 50-day SMA, the BTC/USDT pair could plunge to $100,000. Bulls will likely defend the $100k psychological level, as any drop below that could see Bitcoin test the $93k support level.

The post Bitcoin stays above $104k as Fed leaves interest rate unchanged appeared first on CoinJournal.