Under the impetus of significant regulatory developments, the cryptocurrency market experienced increased volatility this week. President Trump’s executive order establishing a U.S. strategic Bitcoin reserve, the OCC's clarification allowing banks to engage in crypto activities, and the U.S. Treasury's announcement of plans to acquire cryptocurrencies all signify a growing institutional shift towards digital assets. Bitcoin initially rebounded to over $92,000, then corrected to $85,000, while Ethereum and major altcoins also experienced similar fluctuations, reflecting changes in investor sentiment. Although these supportive policies for cryptocurrencies indicate a higher level of government involvement, the long-term market impact remains uncertain.
What are your thoughts on this week's market trends?
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