📉 Bitcoin Slips Below Key Levels
Bitcoin dropped below the $65,000 mark this week, extending the broader correction across the crypto market. Ethereum and several major altcoins followed the move lower as risk appetite weakened. Market volatility increased, with derivatives markets seeing elevated liquidations as traders were caught on the wrong side of the move.
💥 Large Exchange Error in South Korea
One of South Korea’s major crypto exchanges faced a serious internal system malfunction that temporarily credited users with billions in value by mistake. The platform confirmed a technical flaw and launched an investigation. Most balances were corrected, but the incident once again raised questions about exchange infrastructure and operational risk.
🏛️ Regulatory Pressure Builds in the EU
The European Commission advanced new measures aimed at tightening control over crypto transactions linked to Russia. The proposal is part of a broader sanctions enforcement framework and signals that digital assets remain firmly on the geopolitical agenda.
🇺🇸 Stablecoin Rules in Focus in Washington
Discussions between US regulators, lawmakers and industry representatives intensified this week regarding stablecoin oversight. Key debates revolve around yield-bearing stablecoins and whether restrictions should apply. No final decisions yet, but the direction points toward stricter supervision.
📊 Market Sentiment Remains Fragile
Crypto-related equities also came under pressure, reflecting broader risk-off positioning in global markets. Traders are closely watching upcoming US macro data, which could influence expectations for monetary policy and risk assets, including crypto.
🎉 Fun Fact of the Week
This month marks 15 years since Bitcoin first traded at $1 back in early 2011. From $1 to five-digit territory - the journey remains one of the most remarkable price stories in financial history.
🔎 What’s Next?
Volatility remains elevated, and regulatory headlines continue to shape sentiment. Macro data and policy signals could determine whether this correction deepens or turns into a new accumulation phase.
Stay sharp and manage risk wisely. 🚀
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