📈BTC MIRRORS TECH STOCKS IN BROADER MARKET DERISKING
Bitcoin has traded in close correlation with software and other growth equities during the latest selloff, indicating the pullback being driven by broad risk reduction across portfolios rather than crypto-specific stress
🔥LATEST: 🇺🇸U.S. Senate Banking Committee says it is working with SEC Chair Paul Atkins on the crypto market structure bill aimed at positioning America as the global crypto capital.
Crypto execs Armstrong, Garlinghouse among many named to U.S. CFTC advisory group
The Commodity Futures Trading Commission's new chief, Mike Selig, repurposed the agency's previous CEO innovation council, almost tripling its members.
🚨 BIG: WORLD LIBERTY FINANCIAL IS ENTERING THE $7 TRILLION REMITTANCE GAME. BACKED BY TRUMP, THE PROJECT IS SET TO LAUNCH "WORLD SWAP" FOR CROSS-BORDER PAYMENTS.
⚡️NEW: STANCHART SLASHES BTC TARGET, FLAGS RISK OF $50K DROP
$800B banking giant Standard Chartered cut its end-2026 Bitcoin target to $100,000 from $150,000 and warned of a near-term slide to $50,000.
The bank also trimmed its ETH forecast to $4,000 with downside risk to $1,400, citing ETF outflows, weaker macro conditions, and delayed Fed rate cuts for the drop in forecasts.