The cryptocurrency market anticipates heightened volatility as Crypto Week culminates with Federal Reserve Chair Jerome Powell’s upcoming congressional testimony. Industry participants seek signals for future monetary policy direction and clarity on evolving digital asset regulatory frameworks that could reshape market dynamics.
Market observers highlight the significance of regulatory developments, noting increased institutional focus on compliance standards and policy impacts across exchanges, custody solutions, and token offerings. This regulatory scrutiny occurs amid broader preparations for potential U.S. central bank policy adjustments.
Separately, blockchain company BTC Digital confirmed the completion of a $6 million funding round. The firm simultaneously announced a strategic pivot from Bitcoin-centric operations toward Ethereum-based ecosystem development, reflecting shifting institutional priorities in blockchain infrastructure investment.