Bitcoin rose on Tuesday, climbing above the $90,000 mark for the first time since early March as Michael Saylorโs Strategy increased its stake in the popular crypto.
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Yet, amidst the chaos, cryptocurrency prices are showing resiliency, with bitcoin (BTC) dropping roughly 6% since the tariffs were unveiled, compared to the Nasdaqโs 11% drop. The broader crypto market, as measured by the CoinDesk 20 (CD20) index, dropped by roughly 4.9% over the same period.
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2025 will be the year banks jump back into digital assets, reversing years of caution due to a challenging regulatory and market environment. Following the withdrawal of SAB 121 and new guidance from a key federal banking regulator, banks are now back in the race to develop crypto strategies to service their clients and stay competitive.
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