The global cryptocurrency market’s total value remained stable at approximately $2.79 trillion over the past 24 hours, with a slight decline. Bitcoin’s price fluctuated between $81,871 and $84,621 during this period and is currently trading at $83,048, marking a 0.74% increase compared to the previous day. Other major cryptocurrencies showed mixed trends, while SYN, ENSO, and INIT experienced significant growth of 65%, 29%, and 17%, respectively. The nomination of Kevin Warsh as the next chairman of the U.S. Federal Reserve has sparked expectations of potential shifts in financial policies. Additionally, a partial government shutdown in the United States and the closure of Metropolitan Capital Bank & Trust—the first bank failure of 2026—have heightened uncertainty in financial markets. Meanwhile, BlackRock sold $528.3 million worth of Bitcoin from its portfolio, potentially exerting negative pressure on the crypto market. At the same time, notable declines in gold and silver prices suggest a shift in investor preferences. According to a JPMorgan report, Bitcoin futures have been heavily sold, while gold and silver prices had previously surged excessively. Other key market topics include Tennessee’s consideration of Bitcoin investments in public funds and the SEC’s rejection of a 4x SPY ETF application. These developments present new challenges and opportunities for the cryptocurrency market, including Bitcoin. Investors are advised to closely monitor financial policies, banking sector conditions, and precious metal prices to formulate effective strategies.
Source: binance
