Quant's QNT jumped 227% after Clearing House selected it for tokenized deposit settlements, lifting its market cap to $3.56B. The move illustrates how institutional adoption can lift a single altcoin even as BTC and other majors retreat on rising yields. On-chain activity for QNT also surged, signaling renewed demand amid a shifting crypto macro.
Bitcoin topped $71,000 after Trump hosted crypto executives and urged Congress to advance the CLARITY Act, signaling potential regulatory clarity. Ether and other major tokens rallied on hopes of clearer US policy and renewed crypto-backed inflows. While the House previously passed the Act, the Senate's inaction remains a risk for sustaining rallies.
Bitcoin dropped 4% to $64,721.39, marking its lowest level since February 28. The report provides no catalysts, suggesting the move is a short-term pullback within an ongoing consolidation. Investors should monitor whether prices hold above the mid-60k level or re-test recent highs over the coming days.
Bitcoin reached a record high above $118,000 recently. Corporate treasuries are showing increased interest in Bitcoin investments. Spot Bitcoin ETFs are gaining traction and support. Supporting crypto legislation has positively impacted Bitcoin's market. Recent gains indicate robust sentiment around Bitcoin's future.