The crypto market is under pressure as volatility spikes and sentiment turns cautious. Hereโs a clear breakdown of whatโs happening right now:
๐ป Market Overview
Major assets like Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Cardano (ADA), and EOS have seen notable declines.
Bitcoin is hovering near one-month lows, extending last weekโs sharp sell-off.
Recent market turbulence triggered heavy liquidations, with estimates reaching $1.6 billion.
Analysts remain divided, especially on Ethereumโs near-term direction, keeping sentiment mixed.
๐๏ธ Regulatory & Policy Developments
US Senators criticized the DOJ following the shutdown of its Crypto Crime Unit.
New York prosecutors are pushing to criminalize unlicensed crypto operations.
The SEC and CFTC are relaunching Project Crypto to enhance on-chain oversight and are urging Congress to fast-track market structure legislation.
๐ข Industry & Institutional Updates
Binance co-founder CZ denied claims that Binance was responsible for recent large-scale liquidations.
Bank of Americaโs CEO warned that up to $6 trillion in bank deposits could move into stablecoins.
Fidelity is reportedly preparing to launch its own stablecoin, Fidelity Digital Dollar (FIDD).
Tether is expanding tokenized gold payments through its Scudo rollout.
โฟ Bitcoin & Network Insights
Bitcoinโs network hash rate is down around 12% since Nov 11, the biggest drop since October 2021.
MicroStrategyโs BTC holdings are currently valued below their average acquisition price due to recent declines.
๐ Other Noteworthy News
Metaplanet (Japan) announced a $137M capital raise via third-party allotment.
Justin Sun plans to increase Bitcoin exposure within the Tron ecosystem.
Bybit revealed a roadmap to evolve into a broader financial platform by 2026.
The Ethereum Foundation is implementing a five-year โmild austerityโ plan, reallocating 16,384 ETH and refocusing on core protocol development.
๐ Market Prices (10:17 UTC)
BTC: $79,054.87 (24h: -4.75%)
ETH: $2,430.75 (24h: -8.08%)
BNB: $780.01 (24h: -6.87%)
Stay alert. Volatility creates risk, but it also creates opportunity for those who stay informed.
