Bitcoin News Today: Bitcoin Bounces to $114,650 Amid U.S. Regulatory Clarity and Global Policy Shifts

Bitcoin’s recent price action has drawn renewed attention as the cryptocurrency rebounds from a low of $113,000 to hover near $114,650 [1]. The move comes amid a shifting global regulatory landscape, particularly in the U.S., where the White House has proposed a clear division of crypto oversight: the CFTC will govern spot markets, while the SEC will handle securities-related issues [1]. This framework, endorsed by legal experts like Edwin Mata, is seen as a step toward resolving years of jurisdictional confusion and providing much-needed clarity for developers and investors [1].

The White House proposal also aligns with Donald Trump’s “same risk, same rules” policy and emphasizes the use of stablecoins to reinforce the dollar’s role in the digital economy [1]. With the SEC reducing its focus on cases like the XRP lawsuit, the overall narrative for crypto is turning more bullish. This regulatory shift is expected to lower legal risks and encourage greater institutional participation, potentially solidifying Bitcoin’s status as a digital commodity under CFTC supervision [1].

In France, a surprising policy shift is unfolding as the National Rally (RN) party, led by Marine Le Pen, proposes using excess nuclear energy for Bitcoin mining [1]. The initiative, led by legislator Aurélien Lopez-Liguori, suggests state-run energy provider EDF could manage mining operations at nuclear facilities [1]. This proposal highlights Bitcoin’s growing narrative around energy efficiency and sustainability, especially if it is replicated in other European countries [1]. However, political disagreements within France, particularly on environmental concerns, may slow the initiative’s progress [1].

Meanwhile, former UK Chancellor George Osborne has warned that the country is falling behind in the global crypto race. Drawing comparisons to the 1980s financial reforms known as the Big Bang, Osborne argues that the UK must act quickly to avoid becoming irrelevant in the fintech space [1]. He criticizes the Bank of England’s strict stablecoin regulations and the lack of clear crypto policy, which he claims is pushing talent and capital overseas. With 12% of UK adults already owning crypto, Osborne’s warnings are gaining traction as countries like Singapore, Hong Kong, and Abu Dhabi emerge as more crypto-friendly hubs [1].

Technically, Bitcoin has shown mixed signals. After bouncing from $113,000, it stalled below key resistance at $115,343, forming a bullish RSI divergence that suggests selling pressure may be easing [1]. A breakout above this level could signal a trend reversal, potentially pushing prices toward $116,912 and $118,878 [1]. Conversely, a failure to break through could see the price test $113,558 or even $112,178. Traders are advised to wait for confirmation of a strong bullish candle above $115,350 before entering positions, with a stop-loss set below $114,250 [1].

In the broader market, innovative projects like Bitcoin Hyper ($HYPER) are gaining traction. The BTC-native Layer 2 solution, built on the Solana Virtual Machine (SVM), has raised over $6.8 million in its public presale and aims to merge Bitcoin’s security with Solana’s speed [1]. The project offers fast, low-cost smart contracts, dApp development, and meme coin creation, all integrated with seamless BTC bridging. With a full rollout expected in Q1 2025, Bitcoin Hyper is emerging as a key player in the Layer 2 space [1].

Taken together, these developments underscore the maturation of the crypto market, with regulatory clarity, technological innovation, and geopolitical shifts converging to shape Bitcoin’s future trajectory.

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[1] Source: [Bitcoin Price Prediction: BTC Rebounds from $113K as $118K Target Looms Amid Global Crypto Shake-Up](https://cryptonews.com/news/bitcoin-price-prediction-btc-rebounds-from-113k-as-118k-target-looms-amid-global-crypto-shake-up/)