Bitcoin Price Dips Below $102K as SEC, OCC, and CFTC Drive U.S. Crypto Policy Shift

Bitcoin (BTC/USD) traded at $102,299 on Thursday, slipping over 1% as U.S. regulatory developments sent mixed signals across the crypto landscape. The market digested news that CFTC Commissioner Summer Mersinger will resign on May 30 to become CEO of the Blockchain Association, a powerful lobbying group backed by Coinbase, Ripple, and other major firms. She was expected to serve through 2028.

Mersinger’s move is viewed as strategic, aligning regulatory experience with crypto advocacy. She has publicly championed clear crypto rules and CFTC oversight, and her appointment may bolster the industry’s push for friendlier legislation.

Her resignation also opens the door for former President Donald Trump to nominate a replacement, potentially reshaping crypto regulation ahead of the election cycle.

OCC Clears Banks for Stablecoin and Custody Services

In a parallel development, the U.S. Office of the Comptroller of the Currency (OCC) issued a statement reaffirming that national banks and federal savings associations can participate in crypto operations.

This includes maintaining stablecoin reserves, blockchain payment rails, and digital asset custody—without requiring separate licenses, thanks to Interpretive Letters 1179, 1183, and 1184.

Rodney Hood, Acting Comptroller, emphasized the shift: “Crypto isn’t a fad. Over 50 million Americans hold digital assets. This is a transformation in motion.” The OCC’s stance could push more traditional financial institutions into the Bitcoin ecosystem, improving mainstream adoption, liquidity, and trust.

SEC Reviews BlackRock’s In-Kind Bitcoin ETF Model

Meanwhile, the SEC is evaluating a proposal by Nasdaq to allow in-kind creation/redemption for BlackRock’s iShares Bitcoin Trust.

Unlike traditional ETF models that use cash, this setup lets institutions use actual Bitcoin to create and redeem ETF shares.

Though the ETF itself was approved in January 2024, this structural update is under scrutiny. If approved, it could lower trading costs, boost efficiency, and improve Bitcoin price stability—a win for institutional investors and long-term holders.

Bitcoin Price Outlook: Key Technical Levels to Watch

Bitcoin price prediction seems bearish as BTC is trading at $102,299, slipping below the 50-EMA ($103,160) and testing a key ascending trendline support, now hovering just above the 38.2% Fibonacci level at $101,924.

This breakdown beneath both dynamic (EMA) and diagonal (trendline) support could signal a deeper pullback if confirmed by a sustained close.

Bitcoin Price Chart – Source: Tradingview

Key Technical Highlights:

Fibonacci Levels: Price is flirting with the 38.2% retracement from the $95,828–$105,692 move. A break below $101,924 exposes the 50% level at $100,760 and deeper support at the 61.8% zone near $99,596. Trendline Support: The ascending support trendline from May 7 has been broken, which may invalidate the recent bullish structure. MACD: The MACD is in bearish territory with widening negative histograms and a bearish crossover, signaling ongoing momentum loss. Immediate Resistance: The $103,364 level (23.6% Fib) and the EMA ($103,160) are now flipped to resistance. Next Support Levels: Watch $101,951, $100,784, and $99,596 on the downside.

Bitcoin Outlook:

The bias turns short-term bearish unless Bitcoin can quickly reclaim the $103,000 zone. A confirmed breakdown below $101,900 opens the door toward $100,760 and $99,600. Watch for a potential bullish divergence or a reversal candle at those Fib levels to reassess long entries. Until then, momentum favors the bears.

BTC Bull Token Crosses $5.70M as 73% Staking Yield Captivates Crypto Investors

BTC Bull Token ($BTCBULL) continues to attract strong investor interest, now surpassing $5.70 million in funds raised as it approaches its $6.69 million presale cap.

With its current price holding at $0.00251, BTCBULL is positioning itself as a high-yield staking solution rather than just another meme coin, delivering tangible utility amid rising market volatility.

Flexible Staking Model Offers 73% APY, No Lockups

What sets BTCBULL apart is its flexible staking architecture, offering investors an estimated 73% annual yield—with no lockup periods or exit penalties. In an environment where most DeFi staking protocols require long-term commitments, BTCBULL’s model allows participants to earn rewards while maintaining liquidity, appealing to both cautious and active crypto traders.

This agility has resonated with yield-seeking investors looking to participate in the 2025 crypto cycle without being bound by rigid staking conditions.

Current Presale Stats:

USDT Raised: $5,703,683.87 / $6,690,863 Token Price: $0.00251 per BTCBULL Total Staking Pool: 1,432,976,427 BTCBULL Estimated Yield: 73% annually

With less than $1 million remaining before the next price tier is triggered, the presale is entering its final stretch. This limited-time window is prompting renewed urgency among prospective investors.

BTCBULL’s real-world utility and DeFi-friendly staking structure continue to set it apart in a crowded altcoin market. As more investors search for passive income opportunities in crypto, BTCBULL’s hybrid model of meme coin appeal with DeFi mechanics could solidify its role as a standout performer in 20

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