Crypto Market Update: Bitcoin Crash, Trump’s Crypto Plans, and GameStop’s Bitcoin Bet

The crypto market is seeing red today as Bitcoin drops below $108,000, pulling back from its recent all-time

high.

Analysts say this is a technical correction, not a trend reversal, with Bitcoin ETFs still attracting positive inflows.

Ethereum and major altcoins are also down, with Dogecoin leading losses at over 6%.

Despite the dip, investor confidence remains strong, and volatility expectations are rising.

As one analyst put it, 'as long as BTC holds above the $106,000 support level, investors don’t need

to worry.' US President Donald Trump addressed the State of Crypto Summit, promising to support the GENIUS Act

for dollar-backed stablecoins and clearer crypto regulations.

He said, 'America will dominate the future of crypto and Bitcoin.' Meanwhile, the Financial Stability Board warns that

crypto’s growing ties to traditional finance could soon pose systemic risks.

Lawmakers are also considering the CLARITY Act for a comprehensive digital asset framework.

The regulatory landscape is heating up, and all eyes are on the next Senate vote.

GameStop made headlines by buying over 4,700 Bitcoin, but its stock dropped 20% after the announcement.

Investors are uneasy, especially after GameStop’s weak earnings report and a new $1.75 billion fundraising plan with unclear

intentions.

One investor noted, 'The lack of clear commitment to a Bitcoin strategy has shaken confidence.' In contrast, companies

like Metaplanet saw their shares soar after bold Bitcoin moves.

GameStop’s gamble highlights the risks and rewards of corporate crypto adoption.

Ethereum is showing signs of resilience despite the market dip, with spot ETH ETFs seeing 18 consecutive days

of inflows, even surpassing Bitcoin ETFs.

Analysts say this reflects a shift in sentiment and growing institutional interest.

The recent Pectra upgrade and regulatory support for DeFi are boosting optimism for Ethereum’s future.

As one co-founder put it, 'These are exciting times for DeFi and for Ethereum’s role in the industry’s

next chapter.' With volatility rising and regulatory changes on the horizon, the crypto market stands at a crossroads.

While short-term corrections are possible, long-term sentiment remains bullish, especially as institutional adoption grows.

Remember, patience and discipline are key in this space.

Share, like, and subscribe for more daily crypto news and stay ahead of the trends!