Bitcoin crosses the $122,500 milestone on Monday, bolstering overall market sentiments.
\nOptimism emerges as US lawmakers prepare for crucial crypto votes this week.
\nXLM targets continued uptrends to $0.681 resistance.<\/p>\n
Bitcoin opened the week on a bullish leg<\/a> as US regulatory developments propelled prices to historic highs of $122,540 on Monday.<\/p>\n BTC\u2019s rally to new all-time highs has reignited enthusiasm in the cryptocurrency market, and Stellar\u2019s native token appears ready to lead altcoin breakouts.<\/p>\n XLM has breached crucial resistances with soaring volumes, signaling extended gains in the short term.<\/p>\n The current broad-based rallies support the altcoin\u2019s bullish trajectory.<\/p>\n Analyst Javon Marks trusts<\/a> XLM might surge to the next obstacle at $0.681.<\/p>\n That would mean a 29.94% upswing from Stellar\u2019s current market price of $0.4771.<\/p>\n Bitcoin surpassed the $120,000 milestone for the first time today as investors braced for the long-awaited regulatory modifications in the US.<\/p>\n Notably, the United States House prepares to vote on three key crypto-related bills this week.<\/p>\n First and foremost, they will debate the GENIUS Act, which focuses on regulating stablecoins such as USDT and USDC.<\/p>\n It will head to Donald Trump if passed. The US president has vowed to support crypto growth in the United States.<\/p>\n Also, the House will vote for the CLARITY Act.<\/p>\n It aims to monitor crypto market structures.<\/p>\n Source: Nate Geraci\u2019s X Post<\/p>\n Finally, the Anti-CBDC Surveillance State Act proposes prohibiting the Fed from issuing a central bank digital currency.<\/p>\n Besides the political theatrics, these legislative moves will reshape the cryptocurrency regulatory tone.<\/p>\n The possibilities of friendlier policies due to the current pro-crypto government ignited optimism in the digital assets sector.<\/p>\n Stellar\u2019s native token capitalized on the broad-based bull rally to overcome a key resistance at $0.47.<\/p>\n The move has grabbed analysts\u2019 attention, with one expecting continued XLM surges to the obstacle at $0.681.<\/p>\n Policy tailwinds, price charts, and Bitcoin\u2019s outlook support XLM\u2019s 30% potential upswing in the near term.<\/p>\n Javon Marks\u2019 Stellar chart resembles Rose Signals, both pointing to extended surges.<\/p>\n Their chart shows the current breakout materialized after multiple higher lows on XLM\u2019s weekly chart.<\/p>\n That indicates increased accumulation, which is crucial for stable uptrends.<\/p>\n The chart suggests possible surges to $0.6719.<\/p>\n\n Cryptocurrencies appear poised for continued rallies with massive legislative developments in the United States.<\/p>\n The momentum will spike further if the House passes any or all bills this week.<\/p>\n For instance, passing the crypto structure or stablecoins frameworks might see investors rotating more capital into crypto.<\/p>\n That would mean massive gains for Bitcoin and altcoins, including XLM.<\/p>\n However, digital assets are never without risks. Sudden Bitcoin corrections or bills\u2019 rejection could mean substantial selling pressure.<\/p>\n Losing the $0.47 barrier will delay XLM\u2019s potential rally.<\/p>\n The post Stellar (XLM) targets 30% jump as Bitcoin surges past $122.5K on \u2018crypto week\u2019<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin crosses the $122,500 milestone on Monday, bolstering overall market sentiments. Optimism emerges as US lawmakers prepare for crucial crypto votes this week. XLM targets continued uptrends to $0.681 resistance. Bitcoin opened the week on a bullish leg as US regulatory developments propelled prices to historic highs of $122,540 on Monday. BTC\u2019s rally to new […]<\/p>\n","protected":false},"author":0,"featured_media":4182,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4181","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4181"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4182"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Legislative moves propel BTC to ATHs<\/h2>\n
XLM breaks out after consolidation<\/h2>\n
Can XLM surge 30%<\/h2>\n
All eyes are watching D.C.<\/h2>\n