Crypto Market Slump and Signs of Recovery | Business and Finance News

Crypto’s on a shaky ride: Bitcoin dips to $63,500, Ethereum ticks up to $1,884, and Solana falls—total market cap shrinks to $2.26T. A brief rally above $64K fueled by slowing inflation and hopes of no Fed hike fizzled fast, likely because markets already priced in the data. Broader headwinds like stalled laws, security fears, and weak institutional appetite keep pressure on. Bitwise laid off 14% of staff despite modest ETF inflows—iShares Bitcoin Trust saw $50M yesterday. The market’s muted response hints it’ll need something big to spark a real recovery. Stablecoins stall, legislation stalls. But patience pays: crypto’s tech still holds promise as traditional finance embraces blockchain for payments and investments. History says Bitcoin rebounds—and its underlying tech could reshape transactions. Recovery? Might hinge on economic shifts or mass adoption of tokenized assets or stablecoins. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/feeb9b84395ae8ba