MarketVolatility

This week’s crypto news covers major funding, regulatory updates, technological advancements, and market volatility. Trump-backed WLFI raises $590M, Ethereum's Dencun upgrade cuts gas fees by 95%, Ripple expands in Dubai, and new OCC guidelines ease US bank entry into crypto. Kraken gains FCA approval in the UK amid widespread market liquidations.

Bitcoin and major cryptocurrencies have seen sharp declines after President Trump's announcement regarding the U.S. Crypto Strategic Reserve. This has created significant market volatility amid regulatory concerns.

Bitcoin prices have fallen over 5% as the market reacts to Donald Trump's recent executive order creating a US strategic bitcoin reserve. This news, combined with ongoing market volatility, has traders on edge as Bitcoin briefly surged 6% to reach the $92,000 mark. Cryptocurrencies such as Dogecoin and Solana also saw gains of up to 8%.