BTC Dipped to $90K, Wiping Out 2025 Gains

Bitcoin (BTC) has recently experienced a significant drop, falling below $90,000 and effectively negating its gains for 2025. As BTC dipped to around $91,300, a broader market decline was observed, with Ethereum (ETH) and Binance Coin (BNB) also suffering losses. The Crypto Fear & Greed Index indicated extreme fear among investors, hitting a low of 11 and remaining in that range for six days. Furthermore, recent developments include the CBOE introducing continuous bitcoin and ethereum futures and potential new IRS regulations for tracking crypto holdings in foreign exchanges. Meanwhile, initiatives like Vitalik Buterin's Kohaku aim to enhance privacy and security in Ethereum wallets. Japan's tax reforms reducing capital gains tax, along with various investment announcements from major corporations, highlight the ongoing transformation in the cryptocurrency landscape. Amid these fluctuations, institutional interest persists, as seen by investments from Harvard and analysts turning bullish on Circle.

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