FAIL! CNBC Reports Bitcoin & Crypto Bill Vote Just FAILED in Congress.. What Now?

Market Trends & Regulatory Landscape - Bitcoin's breakout shows no signs of slowing, with some anticipating a price of $200,000 this year [1][7] - The current administration is perceived as crypto-friendly, aiming to establish America as the crypto capital [1][6] - Crypto bills faced a setback in Congress, failing to pass a key procedural vote, impacting plans for a "crypto week" [2][8][9][10] - Concerns were raised regarding the bills' lack of prevention against a central bank digital currency [11] - Regulatory clarity is prioritized over enforcement by the current SEC [6] Bitcoin Price Dynamics - A short squeeze contributed to Bitcoin's rapid price increase from around $108,000 to over $122, with $1.3 billion in shorts liquidated in under 60 seconds [3] - Bitcoin's price correction is considered normal, with consolidation periods expected after surges [3][4] - Onchain analysis suggests the current run has potential but requires consolidation, with liquidation-driven highs flipping to bullish sentiment [3][4] Altcoin & DeFi Developments - Oblong, a NASDAQ-listed company, is considering a $7 million BitTensor (TAO) treasury strategy [14] - Black Hole DEX is launching on Avalanche, aiming to replicate Aeradrome Finance's success on Coinbase's ETHL2 base [15] - Black Hole is distributing 100% of its coins to the community, with founders retaining none, benefiting Superverse stakers [15] - A Black Hole airdrop includes a free vNFT providing permanent exposure to DEX rewards, with an option to supercharge the NFT for increased rewards [17][18]