Bitcoin Slumps Past $94K Support, Clarity Act Hits Delays, FTC Crypto Clash & NYSE 24/7 Shift: Web3 Highlights This Week
Bitcoin Slumps Past $94K Support, Hits Delays, Crypto Clash & 24/7 Shift: Web3 Highlights This Week
Another rough week for crypto markets. Bitcoin dropped below a key support at $94,000 amid tariff talks and global tensions. Altcoins keep falling, while gold and silver climb higher. But amid the red charts, big regulatory moves and exchange updates offer hope for Web3’s future. Let’s break down the top stories: Bitcoin’s price action,
Bitcoin Breaks Key Support: What’s Next for BTC Price?
Bitcoin faced heavy selling pressure this week. It fell below the $94,000 level, which had held as a trend line since January’s breakout. Tariff news and worries over Greenland geopolitics fueled the drop.
Right now, BTC sits around $93,000 after a small bounce. But experts warn of more downside. Strong support waits at $88,000. If buyers don’t step up soon, we could test that level.
Why the pain? The market hates uncertainty. Precious metals like gold and silver surged as safe havens. Altcoins bled out, with no quick rotation in sight. Investors hoping for altseason may wait longer as macro fears grow.
- Key Levels to Watch:
- Resistance: $94,000 (broken support now overhead)
- Support: $88,000 (next major floor)
- Upside Target: $100,000+ if rebound gains steam
Long-term, Bitcoin shines as a deflationary asset in an inflationary world. With trillions printed recently, BTC’s fixed supply makes it a strong bet. Banks fight back, but old models fade. Bitcoin could be your best ‘beta’ play for years.
Delay: Crypto Legislation Stuck in Limbo
The
Originally eyed for last year, the bill now faces months or years of waits. This uncertainty caps prices more than trade noise. Passing it fast—even if not perfect—beats endless delays. Clear rules could unlock ICOs and token sales on platforms like StartEngine.
News hints at StartEngine prepping ICOs under the
Delays hurt innovation. Crypto needs rules that match decentralization, not old finance tricks.
Faces Pushback from Crypto Leaders on Non-Custodial Rules
Top crypto groups—the Crypto Council for Innovation, Blockchain Association, DeFi Education Fund, and Solana Policy Institute—sent a joint letter to the
Key points:
- Don’t force centralized tools like kill switches on decentralized tech. They break security and resilience.
- Treat developers who don’t hold user funds differently from banks.
- Avoid engineering mandates via enforcement. Let Congress handle big digital asset laws.
Decentralized systems beat custodial ones for safety. Bad rules could push devs overseas and slow U.S. leadership. Consumer protection and innovation can coexist with the right balance.
Eyes 24/7 Trading: A Win for RWAs and On-Chain Assets?
The
TradFi can’t ignore crypto’s round-the-clock action. Liquidity doesn’t stop at 4 p.m. Tokenized stocks lead to bonds, invoices, and commodities—all on one chain. Imagine an institutional DEX for real assets: fast, clear, no legacy mess.
This fits the agentic internet trend. Decentralized processing rules for AI agents and beyond. Meme coins proved scalable launches beat Visa. DeFi replaces banks; smart loans kill credit middlemen.
Bigger Picture: Banks vs. Crypto, RWAs, and Decentralization
It’s a death match: banks cling to old ways, crypto builds new ones. Four-year cycles died with money printing. Bitcoin rises as demand meets scarcity.
RWAs explode with tokenization. StartEngine’s $3B push shows the path. Fintech summits gather leaders for policy wins. Crowdfunding events highlight regulated paths forward.
Decentralization kills single points of failure. From DeFi loans to agent transactions, Web3 scales better.
Week’s Outlook: Hold Steady Amid Noise
Short-term, Bitcoin eyes $88K support. Geopolitics adds risk. But
Stay informed. Web3 thrives on resilience. Watch BTC levels, reg news, and RWA flows. Better days ahead as old systems yield.
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