• Market Cap: ~$3.30 trillion, up ~0.4% in the past 24 hours
• Trading Volume: ~$257 billion over the last day
Key Price Moves
• Bitcoin (BTC): +1.36% intraday, currently trading around $107,800 (range: $106,400–$108,150)
• Analysts are eyeing a move toward $110,000, citing strong support near $107k and institutional ETF inflows .
• Ethereum (ETH): +1.6%, now at about $2,483 (range: $2,405–$2,510)
• Mixed sentiment as Bit Digital shifts from BTC mining to ETH staking .
Top Movers & Altcoin Buzz
• MOVE (Movement Protocol) soared +26.6%, leading the day’s gainers .
• Onyxcoin rallied ~9.6%, another standout in the top 200 by market cap .
• Memecoins like Dogecoin, TRON, Chainlink, and Pepe continue to see strong momentum .
Regulation & Institutional Developments
• FHFA ordered Fannie Mae & Freddie Mac to treat crypto holdings (on U.S.-regulated exchanges) as asset reserves—could help crypto-holding homebuyers .
• Stablecoin push: The bipartisan Genius Act progressed in Congress, tightening stablecoin backing rules—Tether faces pressure, Circle could benefit .
• California’s new crypto law: The state issued its first fine ($300k) to a kiosk operator for compliance failures .
Business Moves
• SoFi is relaunching crypto services by year-end—including Bitcoin & Ethereum support, blockchain money transfers, staking, and borrowing features .
Spotlight: Crypto in Public Policy & Finance
• World Liberty Financial under scrutiny: U.S. senators grilled AG Pam Bondi over a UAE-linked $2 B investment in Trump’s crypto venture—raising national security concerns .
Market Drivers & Outlook
1. ETF flows & institutional interest remain strong—Bitcoin’s institutional narrative continues to attract capital .
2. Macroeconomic relief: With the U.S. Dollar index slipping and possible Fed rate cuts in sight, crypto assets benefit .
3. Altcoin rally in progress: Strong moves in MOVE, Onyxcoin, DOGE, PEPE—rotation beyond BTC and ETH.
4. Regulatory shifts: U.S. adoption in mortgages, stablecoin frameworks, and California enforcement indicate growing maturity.
Takeaway & Action Points
• BTC remains bullish while hovering near $108k—$110k is the next target, but dips to $105k could present buying chances.
• ETH shows support, but monitor staking trends and reserve shifts from miners like Bit Digital.
• Stay alert to altcoin rotations—especially in memecoin/risk-on sectors.
• Track policy developments: the FHFA memo, stablecoin legislation, and crypto fines all shape long-term backdrop.
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