📌 Daily Summary
● LIVE TRACKINGThe cancellation of the SEC's highly anticipated meeting on cryptocurrency has left industry participants speculating about potential regulatory implications and key players operating behind the scenes. In a significant move, Wall Street giant Citi has announced plans to launch a Bitcoin (BTC) initiative by 2026, potentially increasing institutional engagement with the cryptocurrency. However, analysts are warning of heightened volatility for Bitcoin, predicting either a sharp rise or a significant decline, with key price levels that could determine its trajectory. Additionally, a leading market maker in the industry has reported raising over $1 billion in Bitcoin Exchange Traded Funds (ETFs), underscoring growing institutional interest. In a contrasting development, a popular memecoin platform has announced it will cease operations due to funding issues, highlighting challenges within the sector.
13:46
While speculation continues about why the SEC canceled its major cryptocurrency meeting, some sources are now pointing the finger at Wall Street.
12:52
Citi stated that it plans to launch its new custody service later in 2026 and begin with Bitcoin.
11:48
One analyst stated that Bitcoin could move up or down by approximately 30 percent in the next two months.
10:49
10X Research stated that it sees $63,000 as a key level for Bitcoin (BTC) to either recover or fall further.
09:34
The company reduced its Bitcoin ETF positions by 71% in the first three months of 2026, adopting a cautious stance towards the crypto market.
