Crypto Market Woes: Bitcoin Stumbles Below $95K, Stocks Tumble

Crypto Stocks Post Weekly Losses

The cryptocurrency market faced a challenging week as Bitcoin struggled to maintain its momentum, closing at $94,928 after failing to break the psychological barrier of $100,000. According to FX Empire's report titled "Crypto Stocks Post Weekly Losses – MSTR, MARA, RIOT Drop as Bitcoin Fails at $95K," key crypto stocks such as MicroStrategy (MSTR), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) experienced significant declines. Despite adding 5,262 BTC last week at an average price of $106,662 per coin, MicroStrategy saw its stock tumble by 9.39%. Similarly, Marathon Digital fell by 7.62%, while Riot Platforms shed 4.85% amid concerns over operational challenges and rising energy costs.

Galaxy Predicts No Bitcoin Purchase by US in 2025

A recent analysis from Galaxy Research suggests that despite growing adoption among nation-states and major corporations globally, the United States is unlikely to purchase Bitcoin directly in the near future. BeInCrypto reports on this prediction under the title "Galaxy Predicts No Bitcoin Purchase by US in 2025 Despite Nation-State Adoption." The firm anticipates that while discussions around a potential U.S. strategic reserve policy for Bitcoin may develop due to increasing competition among nations with large sovereign wealth funds or adversarial stances toward the U.S., actual purchases remain improbable without a clear threat to economic dominance.

Bitcoin Trades Steady Amidst Global Developments

The Economic Times highlights how Russia’s decision to use cryptocurrencies like Bitcoin for international payments has been one of several developments impacting global markets recently ("Bitcoin trades steady, waiting for a strong catalyst to move higher"). While Ethereum ETFs have reached impressive assets under management figures ($2.5 billion AUM), investors are still looking for stronger catalysts that could push prices significantly higher across various digital currencies including XRP and Solana which also witnessed fluctuations during this period.

Bitcoin's Golden Year: ETF Approval Boosts Market Sentiment

This year marked significant milestones within cryptocurrency circles following SEC approval allowing exchange-traded funds based on bitcoin futures contracts - described extensively through EL PAÍS USA article entitled “Bitcoin’s golden year: From ETF approval To Donald Trump’s win.” With increased participation both retail institutional levels alongside favorable macroeconomic conditions driving up demand further fueled optimism surrounding long-term prospects even amidst ongoing regulatory scrutiny worldwide particularly concerning issues related to transparency, fraud prevention measures post-FTX collapse saga, the past few years have shown cautious optimism moving forward in the industry's overall landscape. The outlook remains cautiously optimistic yet vigilant against unforeseen risks potentially arising along the journey towards mainstream acceptance to a wider audience beyond traditional tech-savvy enthusiasts and early adopters seeking to diversify portfolios with alternative asset classes available in today's modern financial ecosystem.

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