#MarketRebound
Many analysts are officially calling this the start of a new "Crypto Winter." The total market cap has shed nearly $2 trillion since the peak in October 2025.
🇨🇳 China’s New Crackdown
Adding to the bearish sentiment, China announced a fresh wave of restrictions on Friday. They are tightening the screws on virtual currencies once again, specifically banning the unauthorized issuance of offshore yuan-pegged stablecoins and strictly vetting any tokens backed by Chinese onshore assets.
🇺🇸 US Political Sentiment
Despite the pro-crypto stance of the current Trump administration, Bitcoin has given up almost all the gains it made following the 2024 election. Investors are currently rotating out of "risk-on" assets like crypto and into safe havens due to high Treasury yields and a murky outlook for interest rate cuts.
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