empty
30.04.2025 01:25 PM
What could help Bitcoin to advance to new level

While Bitcoin—and the entire cryptocurrency market—awaits crucial US economic data that could shape the Federal Reserve's path, Goldman Sachs has shared what it believes could help crypto reach a new level.

This image is no longer relevant

According to Matthew McDermott, Head of Digital Assets at Goldman Sachs, regulatory clarity is the key to enabling large institutions to deploy more capital into the crypto ecosystem, helping it scale significantly. A new wave of institutional investment would not only boost overall market liquidity but also lend greater legitimacy to the sector in the eyes of a broader audience. Institutional investors, known for their caution and due diligence, would further drive the development of crypto market infrastructure. Moreover, their participation would enhance the reputation of the cryptocurrency space, signaling that digital assets are no longer just the domain of enthusiasts and early adopters, but are maturing into a credible asset class worthy of attention from major financial institutions.

"One of the things we need is scale. When large institutions can allocate capital across the market, that takes it to the next level," McDermott said. He also noted that various lobbying groups are working together to push the current US administration toward implementing sound crypto regulations. "The way the US is moving forward with crypto is well-aligned with the global market," he said, adding that it will bring more people to the table and accelerate growth.

McDermott also highlighted two stablecoin bills currently in development that could have a profound impact on the crypto market. "If regulations allow financial institutions to easily adopt stablecoins, it could speed up the use of digital currency by major players," he said. "We're watching developments very closely."

On the regulatory front, Goldman Sachs is seeking a level playing field and permission to participate in all aspects of the crypto market, though it is already very active in the ecosystem. McDermott pointed out that the financial services giant runs a crypto trading business covering derivatives, futures, options, and ETF activity. The firm is focused on tokenization and bringing traditional products into a 24/7 trading environment. It has also invested in several crypto projects, especially those focused on blockchain infrastructure.

This image is no longer relevant

Technical outlook for Bitcoin Buyers are currently targeting a return to the $95,600 level, which would pave the way to $97,100—putting the $99,000 mark within reach. The ultimate target is around $100,000; breaking through that would signal the end of the bear market. In case of a drop, buyers are expected at $94,400. If BTC falls below this zone, it could quickly drop toward $93,600, with $91,800 being the furthest support level.

This image is no longer relevant

Technical outlook for Ethereum A firm breakout above $1,818 opens the door to $1,843, with the key target at $1,868. A move above that would also indicate the end of the bear market. If Ethereum declines, buyers are expected around $1,794. A drop below this zone could send ETH quickly toward $1,772, with $1,750 as the ultimate downside target.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading tips for crypto market on June 27 (North American session)

Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead

Miroslaw Bawulski 15:47 2025-06-27 UTC+2

Another Major Company Announces $1 Billion Raise to Buy Bitcoin

The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets. However

Jakub Novak 10:50 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 27

Bitcoin and Ethereum have paused their upward movement following yesterday's weak fundamental data, indicating a slowdown in the U.S. economy's growth. However, this wasn't the primary driver behind the pause

Miroslaw Bawulski 09:16 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 26

Bitcoin and Ethereum are demonstrating stable growth amid new forecasts regarding the number of interest rate cuts expected from the Federal Reserve this year. Another dovish stance from

Miroslaw Bawulski 09:19 2025-06-26 UTC+2

Bitcoin Aims For Continued Growth

Yesterday, Bitcoin continued its upward movement, driven by the notably softer tone of Federal Reserve Chair Jerome Powell regarding the future of interest rates. His cautious remarks — that

Jakub Novak 12:42 2025-06-25 UTC+2

BTC/USD Analysis on June 25, 2025

The wave pattern on the 4-hour BTC/USD chart remains generally clear. We observed a corrective downward formation that completed near the $75,000 level. After that, a strong upward movement began

Chin Zhao 12:32 2025-06-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 25

Bitcoin and Ethereum continued their rally yesterday, triggered by news of a ceasefire between Iran and Israel. Federal Reserve Chair Jerome Powell's dovish tone during his testimony in the House

Miroslaw Bawulski 09:33 2025-06-25 UTC+2

BTC/USD Now trying to reach the level of 106000. Tuesday, June 24, 2025.

1. Market Sentiment Summary. When yesterday President Trump softened his aggression against Iran, it eased the current world geopolitical tensions, causing several market players to start returning to risky assets

Arief Makmur 07:36 2025-06-25 UTC+2

Bitcoin and Ethereum Regain Strength

Bitcoin and Ethereum are showing strong performance. After holding the $100,000 level, large buyers returned to their usual activity and have already pushed BTC back to the $105,000 area. Ethereum

Jakub Novak 10:52 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 24

Bitcoin and Ethereum surged sharply after news emerged that Iran and Israel might halt their exchanges of strikes. U.S. President Donald Trump announced yesterday that Iran and Israel had agreed

Miroslaw Bawulski 10:04 2025-06-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.