The crypto market is consolidating today, with Bitcoin (BTC) trading near $95,500 after facing resistance at $97,000. Market sentiment is cautious following the delay of a major U.S. regulatory bill; the Senate Banking Committee postponed hearings after Coinbase withdrew support, citing concerns over strict stablecoin and DeFi provisions.
Despite this legislative hurdle, institutional adoption continues. BlackRock led a massive $1.8 billion in Bitcoin ETF inflows this week, and Belgium’s KBC Bank announced it will become the country's first bank to launch a retail crypto trading platform. Meanwhile, altcoins like Solana and Dogecoin are lagging, as Bitcoin’s market dominance nears 60%.
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