Last week in the world of cryptocurrencies was marked by significant events in regulation, trends in the Bitcoin and Ethereum markets, as well as noteworthy technological developments.
This is reported by Business • Media
Bitcoin: Dynamics and Predictions
Throughout the week, Bitcoin demonstrated stable trading in the range of $84,500 to $90,000. The decrease in inflation in the US to 2.7% supported the price rise above $89,000.
Leading analytical firms presented various scenarios for the development of the first cryptocurrency:
- CF Benchmarks predicts three scenarios: from $637,000 to $3 million by 2035;
- Citigroup expects growth to $143,000 within the next year;
- Meanwhile, Bloomberg’s senior strategist Mike McGlone does not rule out a drop to $10,000.
Regulatory Changes in the US
Significant shifts have occurred in cryptocurrency regulation:
- The US Senate approved the heads of the CFTC and FDIC;
- The Senate Banking Committee postponed consideration of the cryptocurrency market bill until 2026;
- The SEC published new requirements for cryptocurrency storage for broker-dealers.
President Trump also announced plans to appoint a new head of the Federal Reserve, who will significantly lower the interest rate.
An important event was the early transfer of Caroline Ellison, former CEO of Alameda Research, to the reintegration office ahead of a possible dismissal.
MetaMask has expanded its functionality by adding full support for Bitcoin, allowing users to perform various cryptocurrency transactions.
“We are witnessing transformational changes in the crypto industry, where regulatory decisions, technological innovations, and institutional expectations are shaping a new market landscape”
Experts continue to closely monitor the dynamics of the crypto market and anticipate further changes in regulation and technology.