The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested.
The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers.
Bitcoin succeeded in returning to the upside when the market expected a capitulation event. It only swept the expected lows.
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