📉 Another red day across the crypto market as macro pressure and regulatory moves weigh on sentiment. Here are today’s key highlights:
• 🔻 Bitcoin dropped below \$113,000, triggering over \$113 million in liquidations as traders rushed to de-risk positions.
• 📉 Ethereum fell under \$4,100, down nearly 5% on the day. Other major altcoins like XRP and ADA saw losses between 6–8%.
• 💸 Most top 100 tokens are down 2–6%, with the PayFi sector hit hardest (XRP, Telcoin, etc.).
• 🏛️ US Treasury Secretary Scott Bessent is betting on stablecoins to help boost demand for U.S. Treasuries. The newly passed GENIUS Act paves the way for closer integration between crypto and traditional finance.
• 🏔️ At the Wyoming Blockchain Symposium, Fed Governor Michelle Bowman pushed for a more innovation-friendly approach to crypto regulation, especially around stablecoins.
• 🗣️ The industry is stepping up its influence — crypto leaders and policymakers shared the stage at the Wyoming event, signaling a major shift in dialogue between DeFi and D.C.
💬 What’s your take on the dip? Are we just cooling off or heading into a deeper correction? And could stablecoins really become the Fed’s next big ally?
\#CryptoNews #Bitcoin #Ethereum #Stablecoins #CryptoMarke #BinanceSquare #Web3 #BTC #ETH
