Geopolitical tensions and a cautious tone in U.S. stocks are keeping risk appetite in check, and some strategists warn of a potential retest of 2024 lows before a more sustained recovery.
Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.
The average bitcoin ETF investor now sits on a 20% paper loss, leaving the market vulnerable to capitulation selling if prices slide further, a Wintermute trader said.
In the latest of a series of meetings hosted at the White House, bankers and crypto policy experts met to break down the wall halting the market structure bill.
U.S. President Donald Trump’s son Eric Trump acknowledged bitcoin’s volatility but said its upside potential outweighs the risks as prices hover below $70,000.
Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over bitcoin’s macro outlook.