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What happened in crypto today? Rate cuts, regulation, and the impact on Bitcoin
The cryptocurrency market showed remarkable resilience, bucking expectations of a massive sell-off amid the highly anticipated “Liberation Day” tariffs. Despite concerns over a potential “market-wide” correction, the anticipated sell-off failed to materialize. As a result, the market remains in the green, maintaining its upward trajectory.
Bitcoin, being the dominant asset by market capitalization, continues to set the tone for broader crypto market sentiment. Trading at $84,121 at press time, BTC registered a modest 0.65% increase from the previous close.
The post-Trump trade war economy has led to increased uncertainty and risk appetite, causing investors to shift their focus towards alternative storehouses of value, such as digital assets. Bitcoin’s dominance saw a notable uptick of 0.30%, reflecting this shift in investor sentiment.
Additionally, the U.S. Senate Banking Committee has approved Paul Atkins as the next SEC Chair in a 13-11 vote, marking a significant regulatory shift in the crypto market. This pro-market approach is expected to steer the SEC away from strict enforcement and toward clearer, industry-friendly policies.
Source: https://ambcrypto.com/what-happened-in-crypto-today-rate-cuts-regulation-and-the-impact-on-bitcoin/
