A major step closer to a stable coin bill in the United States and GameStop doubles down on its Bitcoin treasury strategy.

This is your first look at the markets on CoinDesk Daily. I'm your host, Jensenassie.

Could Bitcoin reach $200,000 by year end?

While the largest cryptocurrency by market cap is lower today on the back of a weaker

dollars, subdued inflation and geopolitical tensions, analysts say the price target is in play.

Consumer prices rose less than forecast last month, increasing the chance of a Fed rate cut.

This would bolster risk assets, including crypto.

With core inflation stable at 2.8%, traders now largely expect two rate cuts later this year.

Looking at geopolitical tensions, now investors are ditching the dollar in favor of safe havens,

including gold and the Swiss francs, as tensions in the Middle East escalate.

The U.S. said yesterday that it was moving people out of the region over heightened security risks

and amid reports that Israel is considering military action against Iran.

Coin shares head of research, James Butterfield, pointed to $900 million in new digital asset fund inflows this week,

suggesting investor confidence is rebounding.

He said the resurgence comes as Bitcoin trades near all-time highs

and global money supply conditions loosen, suggesting there could be further upside

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