Can Bitcoin Price Hit $96.5K? SEC & El Salvador Fuel Optimism

Bitcoin is hovering near $92,536 after a modest 1% dip in Thursday’s Asian session, marking a pause in what’s otherwise been a strong uptrend. But beyond the charts, something more important is brewing.

In a first-of-its-kind move, the U.S. Securities and Exchange Commission is in early discussions with El Salvador’s National Commission on Digital Assets (CNAD) to explore a cross-border crypto sandbox.

The idea? Allow U.S. brokers to issue non-security tokens under El Salvador’s friendlier legal framework and apply for digital asset licenses.

The proposal—reportedly backed by SEC Commissioner Hester Peirce—comes at a time when crypto is increasingly seen as a tool of economic diplomacy.

It ties into President Nayib Bukele’s long-standing Bitcoin-first policies and reflects a subtle but significant shift in U.S. regulatory tone.

✦ SEC explores strengthening ties with El Salvador amid deportation concerns:
The SEC's crypto task force recently engaged with El Salvador's National Commission on Digital Assets (CNAD) to discuss regulatory collaboration and a cross-border sandbox initiative. An April 22 memo…
— ZoneCrypto (@_ZoneCrypto_) April 23, 2025

If approved, this sandbox could pave the way for institutional access to token issuance outside the traditional SEC chokehold—without violating U.S. law. For Bitcoin, this is more than symbolic. It’s structural.

Russia’s Crypto Exchange for the Elite and Institutional Bets Stack Up

Meanwhile, Russia is taking its own step toward crypto legitimacy. The country’s Central Bank and Finance Ministry have approved the launch of a digital asset exchange tailored for “super-qualified investors” in 2025.

To participate, individuals must meet steep thresholds—₽100 million in assets or an annual income above ₽50 million.

Operated by the Moscow and St. Petersburg exchanges, the platform will fall under a regulatory sandbox, reinforcing Bitcoin’s growing appeal as a hedge for high-net-worth players—especially in politically sensitive economies.

And the private sector is piling in too. Strike CEO Jack Mallers just announced Twenty One Capital—a Bitcoin-native treasury vehicle modeled on MicroStrategy. With $3.9 billion in seed BTC and backing from SoftBank and Bitfinex, it will trade under ticker XXI.

As Mallers puts it: “A public stock built by Bitcoiners, for Bitcoiners.”

Bitcoin Pulls Back to $92.5K—Eyes on $91.6K Support for Fresh Entry

From a trading perspective, Bitcoin is digesting gains. The price is consolidating above the 0.236 Fibonacci level at $92,800, with stronger support at $91,600. Momentum is softening but hasn’t flipped bearish—MACD histogram bars are shrinking, not reversing.

Key Levels:

Support: $91,600 (0.382 Fib), $90,610 (0.5 Fib), $89,600
Resistance: $94,737 and $96,525 (channel top)

Trade Setup:

Entry 1: Bounce from $91,600 with confirmation
Entry 2: Breakout above $94,800 with strong volume
Targets: $94,737 → $96,525
Stop Loss: Below $89,600

Bottom Line

While short-term volatility remains, the bigger story is structural. Bitcoin is gaining ground not just in price—but in regulatory legitimacy. The SEC’s outreach to El Salvador and Russia’s crypto sandbox for elites show that traditional gatekeepers are adjusting to a Bitcoin-driven world.

And as capital continues to move into ETFs and treasury strategies, this pullback may well be the pause before the next breakout.

BTC Bull Token Presale Nears $4.92M with 84% Staking Yield—Price Hike Ahead

With Bitcoin trading around $95,000, investor appetite for BTC Bull Token ($BTCBULL) continues to surge. The Ethereum-based meme coin—backed by real Bitcoin reward mechanics—has now raised $4.8 million, approaching its next price milestone at $5.64 million.

This is not the end of the presale, but a checkpoint before the token price rises again from the current $0.002475.

Staking Offers 84% APY + Bitcoin Payouts

One of the biggest draws of $BTCBULL is its 84% APY staking program. Investors can stake tokens at any time, earn high-yield rewards, and still maintain flexibility by unstaking whenever they choose.

Current Staking Stats:

Annual Yield: 84% APY
Total Staked: 1,252,015,807 BTCBULL
Unstake Anytime: Yes

This dual-reward model—staking yield plus Bitcoin airdrops—makes $BTCBULL more than just another meme coin. It’s earning utility with upside exposure, and that has helped it gain traction among seasoned crypto investors and meme coin enthusiasts alike.