The crypto market saw heightened volatility this week, driven by major regulatory developments. 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 signaled a growing institutional shift toward digital assets. Bitcoin initially rallied past $92,000 before correcting to $85,000, while Ethereum and major altcoins experienced similar swings, reflecting shifting investor sentiment. While these pro-crypto policies indicate increasing government involvement, uncertainty around their long-term market impact remains.
What’s your take on this week’s market movements?
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