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Nearly a quarter of adults might own crypto, but ease of use and access remain limiting factors, the report, produced by CoinDesk and Protocol Theory said.
Tether’s dominance rate has climbed to its highest level since April.Historically, surges in USDT dominance have been hallmark features of bitcoin bear markets.
Bitcoin fell to weekly lows at $101,300 as US equities and gold rallied ahead of the key vote to end the US government shutdown, signaling a shift in investor sentiment to traditional assets.
Despite October’s crash, the end of the US government shutdown could bring “bulk approvals” for altcoin ETFs, catalyzing the next wave of institutional inflows, according to Sygnum.
SEC Chair Atkins laid out his plans for that taxonomy, which he said will be rooted in the Howey Test, a court case frequently cited by the SEC to determine if an asset qualifies as an investment contract and, therefore, a security.
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