Bitcoin today dropped to around $63,000, while Ethereum updated the mark at $1,865.
The primary reason for the sell-off was a significant decline in US tech sector stocks, which historically triggers corrections in the cryptocurrency market. Notably, the market for stablecoins continues to shrink. Since its peak in May, it has lost $10 billion. This is not about capital fleeing from crypto, but rather a structural redistribution within the industry, provoked by the GENIUS Act. The document, signed in July 2025, directly prohibits issuers of payment stablecoins from paying returns to holders, and the rule proposed in February by the OCC threatens to extend this ban to affiliated structures attempting to recreate income-generating economies through workarounds. Congress has effectively turned stablecoin ownership into a zero-interest loan to the issuer, and the market reacted predictably—money that had nowhere to go with zero returns began to look for alternatives.
This alternative has become tokenized treasury funds, whose volume has nearly increased to $16 billion from a record $11 billion back in March. The yield-bearing USYC from Circle has surpassed BUIDL from BlackRock, while JPMorgan's product grew by 87% in just one month. Thus, the very $10 billion that left the total capitalization of stablecoins has shifted into instruments that pay holders income, meaning that is where idle savings should be under the current restrictions.
The situation directly echoes the institutional restructuring documented by several initiatives in recent months. The Open USD consortium, uniting over 140 companies led by Visa, Stripe, Mastercard, and BlackRock, was initially conceived not as another issuer but as an infrastructure layer allowing businesses to integrate tokenized dollars into treasury operations alongside other financial instruments. Even Citi's optimistic forecast for the stablecoin market at $1.9 trillion by 2030, which previously relied on the assumption of continued supply growth, now suggests a different sequence of events—first expanding payment applications and then growing capitalization behind real demand, rather than the reverse, as had happened throughout the previous decade.
Regarding short-term trading, strategies and conditions are described below.
Scenario #1: I plan to buy Bitcoin today upon reaching an entry point around $63,700 with a target for growth to the level of $64,000. Around $64,000, I will exit the buy positions and immediately sell on a rebound (expecting a movement of 30-35 pips in the opposite direction from the level). It is best to return to buying the pair during corrections and significant pullbacks of USD/JPY. Important! Before buying on a breakout, ensure that the 50-day moving average is below the current price, and the Awesome indicator is above zero.
Scenario #2: Buying Bitcoin is also possible from the lower boundary of $63,400 if there is no market reaction to its breakout back towards levels $63,700 and $64,000.
Scenario #1: I plan to sell Bitcoin today after updating the level of $63,400 with a target for the price drop to $62,900. Around $62,900, I will exit the sell positions and immediately buy on a rebound (expecting a movement of 20-25 pips in the opposite direction from the level). Bad news will return pressure on the pound. Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price, and the Awesome indicator is below zero.
Scenario #2: Selling Bitcoin is also possible from the upper boundary of $63,700 if there is no market reaction to its breakout back towards levels $63,400 and $62,900.
Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $1,890 with a target for growth to the level of $1,900. Around $1,900, I will exit the buy positions and immediately sell on a rebound (expecting a movement of 30-35 pips in the opposite direction from the level). It is best to return to buying the pair during corrections and significant pullbacks of USD/JPY. Important! Before buying on a breakout, ensure that the 50-day moving average is below the current price, and the Awesome indicator is above zero.
Scenario #2: Buying Ethereum is also possible from the lower boundary of $1,879 if there is no market reaction to its breakout back towards levels $1,890 and $1,900.
Scenario #1: I plan to sell Ethereum today upon reaching an entry point around $1,879 with a target for the price drop to $1,865. Around $1,865, I will exit the sell positions and immediately buy on a rebound (expecting a movement of 30-35 pips in the opposite direction from the level). Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price, and the Awesome indicator is below zero.
Scenario #2: Selling Ethereum is also possible from the upper boundary of $1,890 if there is no market reaction to its breakout back towards levels $1,879 and $1,865.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
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