Here is what happened yesterday in the crypto market:
Bitcoin Slides Amid Tariff Concerns
Bitcoin experienced a downturn, dropping to around $80,000, as President Trump’s tariff announcements triggered market instability. Analysts suggest potential further declines to $71,000 due to high-risk economic conditions.
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Bybit Enhances Security Following Hack
Crypto exchange Bybit is strengthening its security measures for institutional clients through a partnership with Zodia Custody following a $1.45 billion hack six weeks prior.
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US House Committee Advances Stablecoin Bill
A US House committee has advanced a bill regarding stablecoin regulation, moving it closer to a full House vote. This follows similar actions in the Senate, signaling increasing regulatory focus on stablecoins.
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Republic to Acquire Crypto Trader INX Digital
Investment firm Republic is set to acquire crypto trading firm INX Digital for up to $60 million, marking consolidation in the crypto trading platform space.
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XRP Shows Resilience Amid Market Volatility
XRP is demonstrating stability near the $2 support level despite a market-wide sell-off. Chart patterns suggest possible future gains.
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