Regulatory Scrutiny: Tether investigation sparks market uncertainty, with potential implications for stablecoins. Central banks' anti-Bitcoin stance raises concerns about increased regulation or bans.
Institutional Interest: Demand for Bitcoin ETFs surges, indicating institutional appetite for BTC exposure. Approval of spot Bitcoin ETFs may drive prices higher in the short term.
Meme Coin Resurgence: New and established meme coins attract retail investors, but high volatility and lack of fundamentals make them risky investments.
Ethereum Dominance: Ethereum DeFi projects show resilience, maintaining market interest despite contractions.
Short-Term Volatility: Crypto market experiences fluctuations with potential pump-and-dump schemes and speculative trading in highly volatile tokens.