Italy sets hard MiCA deadline for crypto platforms to comply

Bitcoin is projected to reach a price bottom in 2026 as exchange trading volumes continue to decline, indicating a prolonged period of reduced market activity. Analysts suggest that this trend reflects a broader bearish sentiment within the cryptocurrency market.

XRP has seen a significant drop in transaction fees, plummeting by 89%, which has raised concerns about the token's price potentially falling below $1.75. This decline is attributed to a decrease in speculative interest and a weakening technical structure, suggesting a bearish outlook for the cryptocurrency.

Galaxy, a digital assets company, is expanding its operations to the UAE as part of its strategic push into the Middle East, seeking regulatory approval from local authorities to enhance its service offerings in a rapidly evolving market.

Dormant Bitcoin wallets have recently reactivated, indicating a shift in supply dynamics within the cryptocurrency market. This awakening of aging wallets suggests that previously inactive holders are now engaging with their assets, potentially influencing market behavior.

Ethereum's price has surged to $3,300, marking a significant recovery and indicating that the market may have reached its bottom. This increase follows a trend where Ethereum gained between 97% and 147% after flipping the 50-week moving average into support, suggesting a bullish momentum in the cryptocurrency market.

Japan is shifting its cryptocurrency regulation from payments law to securities law, which will impose stricter disclosure requirements for Initial Exchange Offerings (IEOs) and increase scrutiny on unregistered platforms. This move reflects a significant change in the regulatory landscape for digital assets in the country.

The US bank regulator has authorized national banks to facilitate cryptocurrency transactions, confirming that such activities fall within the scope of traditional banking. This guidance expands the services that national banks can offer under existing laws, marking a significant step in the integration of cryptocurrency into mainstream finance.

Bitcoin has surpassed the $94,000 mark, indicating a potential resurgence in the BTC bull run. However, concerns arise regarding the volume data, which may affect the sustainability of this upward movement. Market participants are closely monitoring whether the bulls can maintain the momentum needed for further gains.