Bitcoin Can Still Hit $85,000 as Stocks Head to New All-Time Highs | Crypto Regulation News
Crypto regulation news: Bitcoin Can Still Hit $85,000 as Stocks Head to New All-Time Highs. This update explains what changed, why it matters for the crypto market, and what investors, exchanges, and blockchain companies should watch next.
Crypto Regulation Update
Bitcoin (BTC) touched $80,000 around Thursday’s Wall Street open as US stocks hit fresh all-time highs and oil retested $100.Key points:Bitcoin rebounded to $80,000 while US stock markets hit new records, ignoring high inflation.Risk appetite is “skyrocketing,” analysis says, despite worries over central-bank policy tightening.Bitcoin can still head to $85,000 next, traders agree.Bitcoin recoups losses as US stocks ignore inflationData from TradingView showed BTC/USD recovering much of the previous day’s losses, which followed some of the highest US inflation data in four years. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS stocks quickly shook off the numbers, despite the implications for future financial policy tightening. The S&P 500 posted its highest daily close on record, and continued to surge on Thursday. The Dow Jones Industrial Average revisited 50,000 points for the first time since early February.S&P 500 versus Dow Jones one-day chart. Source: Cointelegraph/TradingViewCommenting, trading resource The Kobeissi Letter reported “skyrocketing” risk appetite among investors.“Assets under management (AUM) in US leveraged ETFs are up to a record $177 billion. Since the March bottom, total leveraged ETF AUM has surged +$45 billion,” it wrote in its latest analysis on X.Leveraged ETF AUM data. Source: The Kobeissi Letter/XKobeissi used the same term to describe global money-supply growth — a crypto and risk-asset tailwind at odds with concerns that central banks were adopting a “hawkish stance.” “Meanwhile, US M2 money supply jumped +$1 trillion YoY, or +4.6%, to a record $22.7 trillion,” it continued. “Money supply growth is accelerating.”Global money supply data. Source: The Kobeissi Letter/XAs the US-Iran war rumbled on, oil prices seemed unable to crack new highs, with WTI crude retesting the $100 per barrel mark from above.CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView”Most important” BTC price support still in playLooking at BTC price action, trader Daan Crypto Trades saw the market at a “pivotal level.”Related: Bitcoin price history suggests 77% odds of new all-time high within a year“Hanging on to that ~$79.4K level which marked the previous highs in April,” he told X followers.An accompanying chart showed the 200-period simple (SMA) and exponential (EMA) moving averages trending higher toward the spot price.BTC/USDT perpetual contract four-hour chart. Source: Daan Crypto Trades/XOn the same topic, fellow trader CrypNuevo saw the potential for BTC/USD to head to new multi-month highs at the 50-week EMA should that support hold.“Bitcoin is at the most important level,” he agreed on Wednesday. “If it holds the range highs here, then it’ll push towards the 1W50EMA at $84k-$85k. But a failure to hold this level could trigger a rotation back to the mid-range, potentially exposing range lows if momentum doesn’t shift.”BTC/USDT one-day chart. Source: CrypNuevo/X
Why This Crypto Regulation News Matters
First, this development may affect exchanges, token listings, stablecoins, compliance rules, and market sentiment. In addition, it may influence licensing, reporting requirements, and future enforcement actions. As a result, traders and investors should watch the next legal and policy steps closely.
What to Watch Next
Watch for follow-up statements from regulators, court filings, exchange responses, and policy updates. In particular, any new guidance on licensing, enforcement, or stablecoin rules could have a direct impact on the broader crypto market.
