As the cryptocurrency market prepares for a new rally, as evidenced by the sharp rise in the fear and greed index, the regulation of cryptocurrencies in the UK has reached a new level following the royal assent of the 2025 Property Act by King Charles III, which legally recognizes digital assets as a form of ownership.

The brief bill, passed by both houses of parliament without amendments, confirms that digital assets, such as Bitcoins and stablecoins, can now be subjects of property rights distinct from traditional categories of physical objects or contractual rights.

This landmark event heralds a new era for digital finance in the United Kingdom. The 2025 Property Act is expected to significantly enhance the UK's attractiveness to companies dealing with cryptocurrencies and blockchain, as well as to investors seeking to diversify their portfolios with non-traditional assets. The recognition of digital assets as property opens the door to clearer and streamlined regulation of cryptocurrency transactions and the resolution of ownership disputes. It will also enable financial institutions to more confidently offer services related to digital assets, such as cryptocurrency-backed lending or digital asset custody.

However, the implementation of new rules governing the treatment of digital assets as property will require adaptations to existing legal and financial frameworks. Issues related to the taxation, inheritance, and bankruptcy of digital assets will now require detailed consideration.

"There is now a third category of property, and it finally provides legal protection for your assets," said Susie Ward, CEO of Bitcoin Policy UK, a cryptocurrency advocacy group in the UK. Her chief policy specialist, Freddy New, also welcomed the passage of the law, calling it possibly "the biggest change in English property law" since the Middle Ages.

Meanwhile, the Bank of England has recently begun consultations on the proposed regulatory framework for stablecoins denominated in pounds sterling, noting that this is a "significant step" toward preparing for a future where digital money is widely used for payments.

Trading recommendations

In terms of the technical picture for Bitcoin, buyers are currently aiming to reclaim the $94,600 level, which opens a direct path to $97,300. From there, it's just a step away to the $99,400 level. The furthest target will be the peak around $102,300, and overcoming this level would signal attempts to return to a bull market. If Bitcoin falls, I expect buyers around the $92,000 mark. A return of the trading instrument below this area could quickly push BTC down to around $89,600. The furthest target in that case would be the $87,200 area.

As for the technical picture for Ethereum, a clear consolidation above $3,068 opens a direct path to $3,193. The furthest target will be the peak around $3,317, and overcoming this level would indicate a strengthening of bullish market sentiment and renewed buyer interest. If Ethereum falls, I expect buyers around $2,994. A return of the trading instrument below this area could quickly push ETH down to around $2,924. The furthest target in that case would be the $2,858 area.

What's on the chart

• Red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.