{"id":849683,"date":"2025-05-20T09:11:39","date_gmt":"2025-05-20T14:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/top-reasons-why-bitcoin-gained-today-may-19\/"},"modified":"2025-05-20T09:11:39","modified_gmt":"2025-05-20T14:11:39","slug":"top-reasons-why-bitcoin-gained-today-may-19","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/top-reasons-why-bitcoin-gained-today-may-19\/","title":{"rendered":"Top Reasons Why Bitcoin Gained Today, May 19"},"content":{"rendered":"
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Bitcoin (BTC) price experienced significant volatility in the past two days after breaking out of a symmetrical triangular pattern on Sunday. The flagship coin established a support level around $102,229 on Monday, and rebounded over 3 percent to trade above $105,370 on Monday, May 19, during the late North American trading session.\u00a0<\/p>\n

The wider altcoin market, led by Ethereum (ETH), rallied in tandem<\/a>, thus resulting in nearly $600 million crypto-leveraged liquidations during the last 24 hours.\u00a0<\/p>\n

Major Forces Behind Today\u2019s Bitcoin Rebound<\/h2>\n

JPMorgan\u2019s Bitcoin Entry<\/strong><\/h3>\n

On Monday, JPMorgan\u2019s CEO Jamie Dimon said that the bank will allow its clients to buy Bitcoin but will not participate in the custody services. Notably, JPMorgam manages more than $4 trillion in assets under management (AUM), which is likely to flow into the Bitcoin market, either directly or through the spot ETF market in the near future.<\/p>\n

The entry of JPMorgan\u2019s clients<\/a> into the Bitcoin market is a major milestone in the mainstream adoption of BTC by institutional investors. Furthermore, Dimon has been a huge skeptic of Bitcoin as a digital gold in the past but the pressure from investors has led the bank to bow down to Bitcoin.<\/p>\n

Imminent Ripple Effect of the Stablecoins Genius Act\u00a0<\/strong><\/h3>\n

The U.S. lawmakers have been pushing a bipartisan stablecoin bill dubbed the GENIUS Act. The act, which is likely to be passed by both houses and President Donald Trump, has stipulated clear intentions of the United States.<\/p>\n

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As Chairman @SenatorTimScott<\/a> said, the GENIUS Act is a bipartisan leap forward to protect our national security.<\/p>\n

Read about how the bill bolsters U.S. national security by regulating and registering stablecoin issuers: https:\/\/t.co\/e9GXG2cxzV<\/a><\/p>\n<\/div>\n

\u2014 U.S. Senate Banking Committee GOP (@BankingGOP) May 19, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

On the top list of the GENIUS Act<\/a>, stablecoin issuers, including foreign issuers, are expected to implement a technological capability to freeze and seize stablecoins. The clouse will help the United States continue to use the dollar as a political tool through sanctions.<\/p>\n

As a result, the confidence in Bitcoin as a tool for global freedom is evident among institutional and retail investors.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n

Read More<\/a>
\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) price experienced significant volatility in the past two days after breaking out of a symmetrical triangular pattern on Sunday. The flagship coin established a support level around $102,229 on Monday, and rebounded over 3 percent to trade above $105,370 on Monday, May 19, during the late North American trading session.\u00a0 The wider altcoin<\/p>\n","protected":false},"author":1,"featured_media":849684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,1279],"tags":[],"class_list":{"0":"post-849683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-reasons"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=849683"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/849684"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=849683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=849683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=849683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}