Summary of Trends and Developments in the Weekly Crypto and NFT Market
Crypto and NFT markets took an interesting turn this week, reflecting a mix of bullish optimism and cautionary pullbacks.
Bitcoin, which had been riding a long streak of weekly gains following Donald Trump’s election win, finally posted its first notable decline. Meanwhile, new pro-crypto appointments in Trump’s incoming administration fueled excitement among traders who believe a friendlier regulatory climate could spur broader adoption. On the NFT side, booming Ethereum collections shattered volume records, even as enforcement actions from regulators raised questions about how gaming tokens might fit into the larger puzzle.
In this recap, we’ll look at Bitcoin’s drop, Trump’s evolving crypto agenda, Cathie Wood’s daring forecasts, NFT market highlights, and the overall sentiment on where regulation might take us next.
Summary of Crypto and NFT Market Activity This Week
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