Bitcoin fell 2.49% to $104,500, breaking below its $107k cost-basis support with ETH dropping 6.6% to $3,500, while SOL slid to $158. Total crypto market cap declined 3% to $3.51 trillion amid accelerating ETF outflows and fading institutional demand.
Bitcoin ETFs recorded $186.51 million in outflows, all from BlackRock’s IBIT; Ethereum ETFs lost $135.76 million, while Solana ETFs bucked the trend with $70 million of fresh inflows.
Stablecoin inflows to Binance hit $7.3 billion, their highest level since December 2024, a potential early sign of cash flow returning to markets.
Long-term holders and whales continue to de-risk; however, exchange BTC balances dropped by 208,980 coins in the last six months, showing limited forced-sell pressure.
The new Fed chair held rates, dropped forward guidance, and delivered a dot plot that reset rate-hike expectations — and in doing so, reminded crypto markets that macro correlation isn't a solved problem.
The listing is not a ban or a finding of wrongdoing, but it signals that Singapore users dealing with Bybit have no regulatory recourse if something goes wrong.
Bitcoin slipped toward $63,000 and ether fell 3.6% as Kevin Warsh's first FOMC meeting produced a dot plot that now projects rate hikes – not cuts – before the year is out.
Angela Ang spent more than a decade at the MAS building the licensing regime that governs digital asset firms across Southeast Asia – her appointment signals that the next phase of institutional crypto competition in APAC will be decided on regulatory credibility.
