Some Bitcoin analysts point to a deeper downside risk, while others believes they can see the early signs of a recovery. Bitcoin is trading in a market that’s getting harder to define. Hovering around $64,000 at the time of writing, Bitcoin is down by almost 50% from its cycle peak. That's a much shallower draw down than previous cycles, but the bull run this time around did not reach the same heights. The 2025 rally was driven by exchange-traded fund (ETF) inflows, post-halving momentum and renewed institutional demand, pushing the market to a new all-time high of more than $126,000 in October 2025. Read more
K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles. The growing Bitcoin supply held at a loss suggests that the crypto market is nearing its cycle bottom, according to digital asset brokerage company K33. Over 50% of all Bitcoin (BTC) is currently held at a loss, K33 said in a report published Tuesday. K33 added that because the past year's bull market was less extreme than previous cycles, the current downturn could also be less severe. Read more
The European Parliament adopted a digital assets report calling for further assessment of DeFi, staking, crypto lending and NFTs after MiCA’s transition period ended. EU lawmakers on Tuesday adopted a position paper on digital assets, setting out their view on how the bloc should approach crypto regulation after the rollout of its Markets in Crypto-Assets (MiCA) framework. The paper calls on the European Commission to assess whether activities including decentralized finance (DeFi), crypto lending and borrowing, staking and non-fungible tokens (NFTs) should be brought more clearly into the EU’s regulatory perimeter. It also urges consistent application of MiCA across member states and warns against national rules that could fragment the bloc’s digital asset market. The vote turns the report, “Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system,” into Parliament’s formal policy position on digital assets, but it does not directly amend MiCA or create new l...
Coinbase said its UK investment services authorization will allow institutional and advanced traders to access derivatives, while retail users will be able to trade equities. Coinbase announced it secured a United Kingdom investment services license, allowing the platform to expand its local offering beyond spot trading and into products like equities and derivatives. On Tuesday, Coinbase said the authorization would enable UK users to trade financial instruments alongside crypto on its platform. Institutional and advanced traders would gain access to perpetual futures tied to crypto, equities and commodities, while retail would be able to access equities. The company said the approval marks its largest UK product expansion since entering the market and advances its vision of an “everything exchange” that combines crypto and traditional financial assets under a single platform. Coinbase said future rollouts would remain subject to regulatory permissions and UK market rules. Read more