Bitcoin holds strong as the Fed subtly recalibrates its crypto stance

Bitcoin holds strong as the Fed subtly recalibrates its crypto stance

Bitcoin Holds Strong Near $95K as Pro-Crypto Momentum Grows in the U.S.

Bitcoin Maintains Strength Despite Economic Challenges

Despite ongoing economic pressures such as tariffs, inflation, and regulatory uncertainties, Bitcoin has shown remarkable resilience, staying within the high $90,000 range throughout the week. The leading cryptocurrency peaked at $98,000 and is currently hovering around $95,000, demonstrating continued market confidence.

Brian Quintenz Appointed CFTC Chair, Strengthening Pro-Crypto Leadership

In a major victory for the crypto industry, Brian Quintenz has been nominated as Chairman of the Commodity Futures Trading Commission (CFTC). Quintenz, a well-respected bipartisan figure, has long advocated for regulatory clarity and innovation in the digital asset space.

“The CFTC plays a critical role in maintaining robust hedging and price discovery markets… and ensuring the U.S. leads the world in blockchain technology and innovation,” said Quintenz, reinforcing his commitment to fostering a pro-crypto regulatory environment.

His appointment is expected to further solidify Washington’s shift toward embracing digital assets, positioning the U.S. as a leader in blockchain technology.

Federal Reserve Shows Growing Support for Crypto

The Federal Reserve has also signaled a gradual shift toward a more pro-crypto stance. Fed Chair Jerome Powell reaffirmed that the central bank will not pursue a Central Bank Digital Currency (CBDC) and will instead focus on private-sector solutions and the expansion of the FedNow system for real-time payments.

Additionally, Fed Governor Michelle Bowman criticized regulators for their excessive oversight of digital assets, arguing that unclear policies have stifled innovation in the banking sector. She called for a balanced approach that supports both risk management and technological advancement, marking a notable shift in the Fed’s evolving stance on digital finance.

Cathie Wood Predicts Bitcoin at $1.5M by 2030

Renowned investor and ARK Invest CEO Cathie Wood has reiterated her bullish Bitcoin price target of $1.5 million by 2030.

Her forecast is based on growing institutional adoption, as major investors increasingly recognize Bitcoin’s unique risk-return potential. With only 2.5 million Bitcoin left on exchanges and institutional capital continuing to flow in, Wood believes the cryptocurrency is on track for exponential long-term growth.

Final Thoughts

With Bitcoin holding strong, regulatory momentum shifting in favor of crypto, and bold institutional predictions, the digital asset market continues to move toward mainstream acceptance. The coming months could be pivotal as both policymakers and financial giants further embrace the future of cryptocurrency.