Bitcoin Faces Geopolitical Pressure While Aiming for $80K; Telegram Wallet Offers Yields; Indiana Passes Crypto-Friendly Law
Bitcoin Faces Geopolitical Pressure While Aiming for $80K; Telegram Wallet Offers Yields; Indiana Passes Crypto-Friendly Law
Telegram's in-app crypto wallet has launched self-custodial vaults, enabling users to earn yields on Bitcoin, Ether, and USDt directly within the messaging platform. Concurrently, escalating US-Iran tensions are bolstering safe-haven demand for gold, which is putting pressure on Bitcoin and equities.
Despite these macroeconomic headwinds, Bitcoin traders are projecting an $80,000 target, driven by renewed spot Bitcoin ETF inflows, with signs pointing to a potential rebound to the $75,000-$80,000 range. On the regulatory front, Indiana lawmakers have passed HB 1042, a significant crypto rights bill that prohibits discriminatory taxes and paves the way for cryptocurrency options in retirement accounts, now awaiting the Governor's approval.
Telegram’s crypto wallet introduces self-custodial vaults, letting users earn yields on Bitcoin, Ether and USDt directly inside the messaging app.
Escalating US-Iran tensions are boosting safe-haven demand, with gold attracting investors while equities and Bitcoin face pressure.
The return of spot Bitcoin ETF inflows may fuel a BTC price recovery, as signs of a potential rebound to $75,000-$80,000 emerge.
Indiana’s HB 1042 cleared both chambers and heads to Governor Mike Braun, limiting crypto-specific taxes and opening the door to crypto options for retirement accounts.