2025-02-07 Market Watch: Regulatory shifts and crypto outlooks impact markets

Here is what happened yesterday in the crypto market:

Overhaul of Crypto Regulations Amid U.S. Senator Hearings

FDIC Acting Chairman Travis Hill announced a reevaluation of the agency’s guidance on cryptocurrencies as U.S. senators investigate the practice of debanking crypto clients, indicating significant regulatory shifts ahead.
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Bitcoin Surges Past $98K as Eric Trump Advocates Investment

As Bitcoin approaches $98,000, Eric Trump encourages investments in BTC, suggesting a bullish sentiment in the market. This optimism might influence broader market dynamics and trading strategies.
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BlackRock Plans Bitcoin ETP Launch in Europe

BlackRock aims to launch a Bitcoin exchange-traded product (ETP) in Switzerland, highlighting the growing institutional interest in Bitcoin and potentially affecting the crypto market landscape in Europe.
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Czech Republic Expands Crypto Adoption with No Long-Term Gains Tax

The Czech Republic has exempted long-term crypto gains from taxes, encouraging market participation and potentially attracting more investors to digital assets in the region.
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XRP Faces Pressure with Negative Trading Sentiment

In light of increasing exchange inflows and negative funding rates, the sentiment surrounding XRP appears bearish as traders position themselves for potential declines.
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