Bitcoin ( $BTC ) is trading around $84,778, hovering in a whipsaw zone near $84K as traders react to shifting U.S. macroeconomic data and regulatory updates.
📊 Market Status & Key Levels
Current Price: ~$84,778 (up 0.33% over 24 hours).
Market Capitalization: ~$1.70 trillion.
Bitcoin Dominance: Nearing 60% as market participants lean into risk-on positioning.
💡 Major News & Developments
Tether's USDT on Bitcoin: Tether-backed project Utexo plans to reintroduce USDT to the Bitcoin network this month, supporting private transfers and off-ledger swaps.
Regulatory & Custody Shifts: The SEC recently proposed new crypto custody frameworks, hinting at clearer pathways for Bitcoin ETP expansion.
Institutional & Global Updates: El Salvador expanded its sovereign treasury holdings to 7,787.37 BTC, while advocates like Michael Saylor continue pressing traditional banking sectors to embrace digital asset custody and lending.