Bitcoin fell below USD 63,000 driven by inflationary pressure, rising oil prices, and the unexpected cancellation of a key SEC meeting on cryptocurrency rules. At the same time, Tether completed its first independent audit, and Bank Leumi announced plans to operate digital assets.
Market and Economic OverviewBitcoin down: The price dropped from USD 63,000 due to higher WTI crude oil costs and unfavorable U.S. macroeconomic data.Tether review: The company completed a financial examination with the support of a global accounting firm regarding its reserves and bars.Traditional banking: Israel’s Bank Leumi partnered with Galaxy Digital to enable regulated cryptocurrency trading projected for early 2027 #bitcoin #desplome