Crypto is experiencing volatility, with Bitcoin testing key support around $85k-$86k after a recent surge, causing altcoin drops and significant liquidations, amidst broader risk-off sentiment, ETF pressures, and upcoming regulatory news. Major themes include institutional adoption (JPMorgan, Visa exploring tokenization/stablecoins), regulatory actions (Canada, SEC), and ongoing debates about market cycles, with some predicting a continued downturn while others foresee recovery into 2026.

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