According to PANews, the trading volume of the top ten stablecoins has fallen to a quarter of the level during the bull cycle in December last year. Analysts believe that trader fatigue, regulatory uncertainty and a seven-year low in Bitcoin supply are key factors.
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According to Cointelegraph, former Congressman Wiley Nickel emphasized that cryptocurrency regulations need to be passed by Congress to become permanent laws. He called for bipartisan cooperation to promote comprehensive crypto regulations. Nickel pointed out that policies can be erratic if they rely solely on executive orders. He mentioned President Trump's executive orders prohibiting CBDC development and establishing a strategic reserve of Bitcoin, which could be overturned by future governments.
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Reasons Why Bitcoin Price Has Dropped 11% Since Halving The sharp drop in Bitcoin (BTC) prices over the past few days may have raised concerns among some who thought Bitcoin would surge after its fourth halving.
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