Overview
- Bitcoin fell to a 15‑month low below $70,000, trading near $67,000 after peaking above $125,000 in October.
- Roughly $1.7 trillion in value has been erased from cryptocurrencies since October, with major tokens like Ethereum, XRP, Solana, Dogecoin, and Cardano posting heavy declines.
- Institutional appetite has cooled as investors move toward traditional havens such as gold and silver, and Pimco’s CEO wrote that the “digital gold” narrative has vanished.
- World Liberty Financial, linked to the Trump family, has posted sharp losses, and the Wall Street Journal reported that Gulf investors used its token to channel about $2 billion into Binance, raising conflict‑of‑interest questions.
- Calls for tougher oversight are growing, with the U.S. advancing legislation such as the passed Genius Act and a pending Clarity Act, while the ECB’s digital‑euro work is not expected to yield implementation before 2029.