Bitcoin rebounded above $64,000 after falling to around $61,000 earlier in the week, as investors weighed new regulatory changes in the US, growing institutional adoption, and expectations that the next cryptocurrency bull market could bring more sustained rather than explosive growth.

The world's leading cryptocurrency was trading at $64,262.2 as of 12:30 PM Moscow time. A significant policy development was the entry into force of a four-year ban on US central bank digital currencies (CBDCs) as part of the housing bill, which automatically became law after President Donald Trump refused to sign or veto it.

This restriction prevents the Federal Reserve from issuing a digital dollar until the end of 2030, eliminating what many in the crypto industry had viewed as a potential competitor to private stablecoins. Attention also remained focused on broader digital asset legislation after Trump's decision not to sign the housing bill raised questions about whether the proposed Digital Asset Market Transparency Act could face political delays if it reaches the White House later this year.

Institutional adoption continued to gain momentum after Circle (NY:CRCL), the issuer of the USDC stablecoin, received final approval from the Office of the Comptroller of the Currency to establish a national trust bank under federal supervision.

The approval allows Circle to provide digital asset custody services under direct federal oversight and could eventually pave the way for the management of USDC reserves under OCC oversight.

This approval joins a growing list of crypto firms receiving federal banking licenses, highlighting the sector's gradual integration into the traditional financial system.

Despite improving fundamentals, some analysts are urging investors to temper expectations regarding Bitcoin's next cycle. While predictions in the $300,000 to $500,000 range by 2029 remain common, historical data shows that each four-year halving cycle has delivered progressively smaller gains as the asset matures.

Bitcoin's previous cycle peak reached approximately 75 times its previous high in 2017, 3.5 times in 2021, and 1.8 times in 2025. Analysts say growing institutional ownership, expanding ETF adoption, and a deeper derivatives market make Bitcoin a larger, more liquid asset that could deliver more sustainable, but less dramatic, returns over time.

Cryptocurrency Today: Altcoin Performance Mixed on Saturday

Cryptocurrency prices were mixed on Saturday, with some altcoins rising and others falling. The world's No. 2 cryptocurrency, Ethereum, rose 0.32% to $1,798.63.

The world's No. 3 cryptocurrency, XRP, fell 0.63% to $1.1088.

Solana fell 1.60%, and Cardano fell slightly by 0.41%.

Among meme tokens, Dogecoin fell just 0.09%.