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CRYPTO APOCALYPSE TEMPORARY: What Triggered the Bearish Fury in the Cryptocurrency Market?
The world of cryptocurrencies has been shaken once again by a wave of massive selling, which has seen the prices of Bitcoin, Ethereum, and other altcoins plummet in a matter of days. As the crypto community tries to decipher what happened, experts point to a perfect storm of macroeconomic and regulatory factors. In what felt like déjà vu for many market veterans, the total market capitalization of cryptocurrencies evaporated by billions of dollars this week. The optimism that prevailed just a few weeks ago has been replaced by caution and, in some cases, panic.
The world of cryptocurrencies has once again been shaken by a wave of massive sell-offs, which has seen the prices of Bitcoin, Ethereum, and other altcoins plummet in a matter of days. As the crypto community tries to decipher what happened, experts point to a perfect storm of macroeconomic and regulatory factors. In what felt like déjà vu for many market veterans, the total market capitalization of cryptocurrencies evaporated by billions of dollars this week. The optimism that prevailed just a few weeks ago has been replaced by caution and, in some cases, panic.
Bitcoin on a Roller Coaster: What Lies Behind the Latest Drop and Rapid Recovery? Volatility is not foreign to the world of cryptocurrencies, but the recent and abrupt fall of Bitcoin, followed by a surprising recovery, has left investors and analysts with more questions than answers. In a move that surprised many, the price of Bitcoin plummeted drastically in the last 48 hours, wiping out billions of dollars from its market capitalization and sowing panic among investors. Experts point to a confluence of factors that contributed to this decline.
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The U.S. SEC has presented the "Project Crypto", a very broad strategy to integrate cryptocurrencies and blockchain systems within the traditional regulatory framework. They seek to define clear criteria to determine when a token is a security, specific disclosure standards, and facilities for tokenized assets and super-apps. This change represents a significant shift in the agency's stance with a more favorable approach to the sector.
At the same time, the U.S. commodities regulator announced that it will begin to implement recommendations from the latest White House report on cryptocurrencies, strengthening regulatory coordination among agencies.
The U.S. SEC introduced the "Project Crypto," a very broad strategy to integrate cryptocurrencies and blockchain systems within the traditional regulatory framework. They aim to define clear criteria to determine when a token is a security, specific disclosure standards, and facilities for tokenized assets and super-apps. This change represents a significant shift in the agency's stance with a more favorable approach to the sector.
Simultaneously, the U.S. commodities regulator announced that it will begin implementing recommendations from the latest White House report on cryptocurrencies, strengthening regulatory coordination among agencies.
The U.S. SEC presented the “Project Crypto,” a very broad strategy to integrate cryptocurrencies and blockchain systems within the traditional regulatory framework. They aim to define clear criteria to determine when a token is a security, specific disclosure standards, and provisions for tokenized assets and super-apps. This change represents a significant shift in the agency's stance with a more favorable approach to the sector.
At the same time, the U.S. commodities regulator announced that it will begin implementing recommendations from the latest White House report on cryptocurrencies, strengthening regulatory coordination among agencies.
Bitcoin fell below 115,200 USD, largely due to new tariffs announced by the U.S., which triggered massive liquidations. Ethereum, Solana, and Dogecoin suffered losses of up to 8%.
The day before, Bitcoin was hovering around 118,500 USD, while Ethereum was advancing strongly thanks to the influx of institutional capital through ETFs. Ethereum led the gains with notable support from institutions like BlackRock and Grayscale.
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🚨 ETHEREUM ETF EXPLOSION BlackRock’s iShares #Ethereum ETF just smashed records with over $4B in inflows in July — the biggest monthly haul since launch. Bullish appetite for $ETH is clearly heating up. 🔥🚀