Investing.com– Bitcoin rose on Friday, extending a recovery from a price rout seen over the new year holiday as traders sought more clarity on the U.S. regulatory outlook under incoming President Donald Trump.
Stablecoin was a main point of focus this week, as it logged its worst decline in market capitalization since the 2022 FTX crash after the European Union’s Markets in Crypto-Assets law came into full effect in late-December. Several European exchanges, as well as Coinbase Global Inc (NASDAQ:), pulled the stablecoin from their platforms over compliance concerns.
Broader crypto markets were battered by a wave of selling in the final week of 2024 as traders locked in a stellar run of profits through the year. But some caution also crept into markets,…
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