Kazakhstan, one of the world’s largest Bitcoin mining hubs, is moving to expand its crypto sector as a new decree introduces rules for stablecoin payments, tax breaks for regulated crypto activity and new energy options for mining.

Kazakhstan President Kassym-Jomart Tokayev has signed a decree aimed at building a regulated digital asset market, the Ministry of Artificial Intelligence and Digital Development (MAIDD) announced on Wednesday.

Developed jointly by MAIDD, the central bank and the Astana International Financial Centre, the order is viewed as a tool to increase regulatory clarity for crypto businesses, investors and digital asset service providers.

The move signals Kazakhstan’s latest effort to expand its role in the crypto industry and establish itself as a major global crypto hub.

Stablecoins enter Kazakhstan’s cross-border trade plans

In one of its key directions, the decree targets modernization of Kazakhstan’s payments infrastructure, including provisions on creating mechanisms for using digital assets and stablecoins in cross-border settlements.

The government said the move could support export and import operations by adding digital assets to Kazakhstan’s financial toolkit while keeping transactions within a regulated framework.

Related: USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune

The order also aims to move crypto activity from foreign unregulated platforms into Kazakhstan’s licensed digital asset infrastructure. Users holding digital assets abroad will be encouraged to disclose them and transfer them to approved domestic service providers.

For individuals, the government plans tax incentives for digital asset activity conducted through regulated infrastructure, including a proposed exemption from personal income tax on related income.

Gas-powered energy plans for digital mining

The action also addresses Kazakhstan’s energy resources, introducing a mechanism for associated petroleum gas and natural gas from oil and gas fields to be used for autonomous electricity generation when those resources are not needed for state purposes.

That electricity could support digital mining operations, adding an energy component to Kazakhstan’s broader crypto strategy, the announcement said.

Kazakhstan ranked third globally by estimated Bitcoin mining hash rate, according to data by the Cambridge Centre for Alternative Finance (CCAF) published in 2022. Source: CCAF

Separately, Kazakhstan’s government has introduced a “70/30” energy model that allows data centers and digital miners to directly access up to 70% of new power generation capacity created through infrastructure upgrades.

Related: Solana Company to back Kazakhstan’s $6B crypto megacity ambition

The decree also outlines plans to develop tokenized financial instruments and national trading infrastructure, as the Central Asian country seeks to attract digital asset investment.

“Our goal is to make Kazakhstan a point of attraction for global capital and expertise while ensuring maximum transparency and protection for every participant in this market,” MAIDD Minister Zhaslan Madiyev said.

Magazine: Dubai tops Asian crypto hubs, Taiwan passes crypto laws: Asia Express

Standard Chartered head of digital assets research Geoff Kendrick predicted in a recent research note that assets in DeFi could reach $2.7 trillion by 2030.

He said that, currently, only 3% of stablecoins and 10% of tokenized real-world assets (RWAs) are used in DeFi. However, he predicts this will rise to 30% by 2030.

That would be a 37-fold increase from where they are now, but the growing tempo of tokenization gives Kendrick reason for an optimistic outlook. 

The market for tokenized real-world assets — which includes stocks, bonds, real estate, gold, and carbon credits — hit $32.22 billion in distributed on-chain value by the end of June. That’s almost three times the roughly $11.8 billion RWA market from a year earlier. Add stablecoins, which are just tokenized real world fiat, into the mix, and the broader tokenized market sits north of $328.8 billion.

Total RWA asset holders have grown to 937,928, up 13% last month alone, according to data from RWA.xyz.

Here’s a closer look at exactly what is driving growth across different RWA verticals.

US Treasuries 

US Treasury bills, notes, and bonds are the largest tokenized asset category by on-chain value at $15 billion. They’re familiar for investors, low-risk, liquid and generate yield — something that stablecoins can’t do yet.

Launched in March 2024, Blackrock’s BUIDL fund reached over $2.9 billion in total asset value by June 2025. It’s currently at $2.23 billion as some funds declined due to capital reallocation and competition between platforms. It has distributed more than $100 million dividends and operates on Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain.

Source: RWA.xyz

In February 2026, Uniswap Labs and Securitize announced that BUIDL shares were available for trade on UniswapX. This put a major, regulated, institutional tokenized fund on a decentralized exchange (albeit with restrictions on who can buy and sell it).

“This is the unlock we’ve been working toward: bringing the trust and regulatory standards of traditional finance to the speed and openness for which DeFi is known,” said Carlos Domingo, CEO of Securitize.

Related: Philippine SEC signals readiness for RWA tokenization

A similar product is Franklin Templeton’s OnChain US Government Money Fund, which is represented in the form of the BENJI token. It has reached $2.44 billion and runs on Avalanche, Arbitrum, Aptos, Base, and BNB Chain, Stellar, Ethereum, Solana, Polygon.

Source: RWA.xyz

Other significant Treasury products include Circle’s USYC ($3.1 billion), Ondo’s suite ($3.7 billion) and WisdomTree’s WTGXX ($764 million).

Private Credit

Private credit — loans that are issued, negotiated and held by non-bank institutions — is another fast growing category within RWAs.  

The appeal is similar to that of Treasuries, but private credit provides higher yields than government debt. Furthermore, tokenization helps add liquidity to the private credit sector, which is known for years-long capital lockups. 

A corporate treasurer or asset manager can now hold private credit positions that are transferable on-chain, usable as collateral, and redeemable.

The largest platforms for issuing tokenized private credit are Maple Finance and Stokr. Each has about 22% market share, according to RWA.xyz. The total value of tokenized private credit is about $6.2 billion. 

Stocks and ETFs

Currently, stocks represent a modest proportion of overall tokenized assets with just $2.19 billion, according to RWA.xyz.  That’s up by almost 50% in just the past thirty days, so it is growing very quickly, and is set for a further major boost soon.

In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to pilot tokenized securities trading. DTCC clears and settles almost all US stock trades and custodies over $114 trillion in securities. 

The pilots are slated to begin this month, with a full commercial launch possible by October.  

The assets in the pilot include Russell 1000 equities, major index ETFs, and US Treasuries. More than 50 financial firms are participating, including BlackRock, Goldman Sachs, JPMorgan, Citigroup, Bank of America, Morgan Stanley, Circle, Ondo Finance, and Ripple Prime. 

Ondo Finance now holds roughly 60% of the tokenized equity market through its Global Markets platform. In March 2026 it entered a partnership with Franklin Templeton to tokenize five ETFs.

In April, it formed another partnership with Broadridge Financial Solutions to let holders of tokenized stocks and ETFs to submit voting preferences for underlying shares.

Source: RWA.xyz

Gold and commodities 

Tokenized gold, the largest sub-category within tokenized commodities, has been around for years, but 2026 gave it an unexpected stress test.

When US–Iran tensions escalated in early 2026, traditional markets were closed. Tokenized oil and gold markets were not. 

After the US and Israel attacked Iran early this year, Wall Street trading desks increasingly found themselves using on-chain perpetual futures platforms as the only available venue for pricing gold, oil, and other risk-off assets during off-hours.

Weekend volumes on on-chain commodity perpetuals have increased ninefold since the beginning of 2026. Onchain perpetual futures for commodities now make up more than 67% of builder-deployed contracts on DEXs.

The takeaway is that tokenized commodities, which trade on markets that never close, can provide a real advantage amid geopolitical turmoil, which doesn’t happen based on market hours.

Tokenized commodities hit $5.8 billion in March 2026 and have pulled back to $4.7 billion currently, with gold making up a substantial majority of that. 

Tokenized gold volumes have increasingly begun to move in concert with traditional gold markets. This correlation was historically weak but crossed the 0.70 threshold in Q1 2026, suggesting the onchain market is maturing.

Real estate

Real estate tokenization has been more of a promise to date than a reality at scale.

As a slice of the RWA pie, real estate represents just $202.7 million in assets at present, but that’s only going to grow with its entry into a couple of major, regulated markets this year.

Dubai’s Land Department began the second phase of its real estate tokenization project in February 2026, opening tokenized property units for resale. Hong Kong’s Securities and Futures Commission also approved real estate tokenization products from Derlin Holdings in the same quarter. 

Real estate tokenization offers fractional ownership to investors who cannot afford the high cost of entry for real estate investment. The token represents a share of the building, which can offer proportional rents and the ability to trade their position without waiting for a property sale. 

Source: RWA.xyz

RWAs are still relatively small

Tokenized real-world assets are growing, but still have a long way to go. Tokenized Treasury products are the largest and most mature category of RWAs, representing almost $15 billion. This is still dwarfed by the traditional US Treasury market of some $30 trillion.

Tokenized stocks are a rounding error compared to the DTCC’s $114 trillion worth of assets under custody. 

Liquidity is also still pretty thin, with many RWAs seeing low secondary trading and long holding periods.

But regulators are beginning to get on board. In March, the SEC approved a Nasdaq proposal to allow certain stocks to be traded and settled via tokens. Analysts and observers are expecting a more broad approval of stock token trading in the near future, with SEC Chair Paul Atkins likely to give RWAs the go-ahead through an “innovation exemption.”

The now appears to no longer be whether real-world assets will be tokenized, but how quickly.

Any honest Shiba Inu price prediction starts from the same fact: SHIB already made its legendary run, and the next one has to move hundreds of trillions of tokens.

So this forecast maps a path instead of promising fireworks, through the burns, Shibarium, the supply math, and the meme cycle. It also covers the other Ethereum meme story this week, a brand new stage one opening Friday on Bullski’s official website, where the free priority list is filling ahead of launch.

SHIB’s Path From Here

SHIB launched on Ethereum in August 2020 and turned a joke into an empire: Shibarium, its own layer 2, a burn portal steadily retiring tokens, listings on most major exchanges, and one of the biggest holder bases in crypto. The project outgrew the meme label years ago, which is exactly what a forecast has to price.

Mature coins move differently. SHIB trades with Bitcoin and the broader meme cycle more than on its own headlines, and the wild percentage days of 2021 have given way to slower, heavier swings. The question is no longer survival, it is how far this base carries the next leg.

Shiba Inu Price Prediction: The Scenarios

Four forces set the path. Burns retire tokens daily, at a pace that trims the supply rather than transforms it. Shibarium adds transactions, and more activity means more burning and more reasons to hold.

Against both stands the big headwind, a circulating supply in the hundreds of trillions, so every rally needs enormous new money just to move the price. The wild card is the meme cycle, which still lifts SHIB hard in risk-on seasons.

Here is how those forces stack into scenarios along SHIB’s path, hedged the way any honest forecast should be.

Phase Advertisement	Bear	Base	Bull
Range phase (now) Advertisement	Slides toward the bottom of its long range	Chops sideways while burns trim supply	Reclaims the top of the range early
Meme cycle turn Advertisement	The bounce fades under old resistance	New yearly highs alongside the sector	Leads the sector as the household name
Shibarium traction Advertisement	Activity stays too thin to matter	Burn pace grows and the floor firms up	Demand plus burns start work on a zero
Full breakout Advertisement	The 2021 peak stays out of reach	A long climb back toward old highs	A genuine retest of the $0.00008845 record

Watch out: SHIB’s enormous supply means even a strong rally moves the price by fractions of a cent. Size expectations to that math, not to screenshots from 2021.

Shiba Inu Technical Analysis: Levels to Watch

Analysts track three things on the SHIB chart: whether it defends its multi-year range lows, how it behaves around the round-number zero lines that act as psychological support and resistance, and how much air sits under the $0.00008845 all-time high from October 2021. Momentum arrives in bursts with the meme cycle, so the levels matter most when volume suddenly returns.

Why Launch Week Belongs to the New Ethereum Meme

Here is the part of the SHIB story people forget: there was never a SHIB presale. The token simply appeared on Ethereum in 2020, and whoever found it before the crowd caught the entry everyone has hunted since.

That is what makes this week different. Bullski ($BULLSKI) is the new Ethereum meme, an ERC-20 token with a fixed 120 billion supply, and its stage one is still ahead of it. The 16-stage presale climbs toward a $0.0025 listing reference, the contract is verified on Etherscan, an audit is in process, and liquidity locks at launch.

Staking and referrals run from day one, so early buyers earn while the stages fill.

The date is set: stage one opens at 5pm UTC on Friday, July 10. Until then, the free priority list is filling with buyers who want the first entry at the lowest stage price.

In short: SHIB proved an Ethereum meme can build an empire; launch week is about the one still laying its first brick.

SHIB Holders’ Launch-Week Move

None of this says sell your SHIB; the long-hold case above is real. The launch-week move is about the other slot in a meme portfolio, the early-entry slice that SHIB, by its own success, can no longer be.

Reserving that slice takes minutes. Head to the official site and add yourself to the priority list, then have an Ethereum wallet funded with ETH or USDT before Friday evening. When stage one opens, priority members enter ahead of the public rush, buy at the first stage price, and can put their tokens straight into staking while the crowd is still finding the page.

$250 USDT Giveaway: launch week comes with a bonus. Bullski’s “Bullish by Default” draw is sending $250 USDT to one winner, picked at random, no purchase needed. You can get in the Bullski giveaway by joining the Telegram and following on X, with extra entries for inviting a friend. Winners are announced only on the official channels, and the team will never ask for your keys.

Shiba Inu Price Prediction FAQ

What is the Shiba Inu price prediction?

The honest answer is a range. The base case keeps SHIB tracking the meme cycle while burns and Shibarium slowly tighten supply, the bull case works back toward old highs, and the bear case is a longer sideways drift.

Can SHIB break out this cycle?

It can, and it has surprised the market before. A strong meme season, rising Shibarium activity, and a faster burn rate are the ingredients to watch. The caveat is scale: lifting a coin with hundreds of trillions of tokens takes far more new money than it did in 2021.

What is holding SHIB back?

Mostly its own size. With a circulating supply in the hundreds of trillions, even large inflows nudge the price rather than move it, and the easy discovery phase ended years ago. Burns help at the margins, but that math is the headwind every SHIB forecast has to respect.

What launches this week on Bullski?

Stage one of the 16-stage Bullski presale opens this Friday at 5pm UTC. Priority list members enter first, buy $BULLSKI with ETH or USDT at the earliest price, and can stake immediately as the sale climbs toward the $0.0025 listing reference.

For More Information

Website: Visit the official Bullski website at bullski.io

Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial

X (Twitter): Follow Bullski on X at x.com/bullskicoin

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European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.

According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the framework’s scope, specifically regarding non-EU companies issuing stablecoins. 

The revised rules, which authorities will reportedly consider in 2027, were in response to the US government’s Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.

Under MiCA, crypto companies offering services to EU-based users across 27 member states must now be licensed as Crypto-Asset Service Providers (CASPs) by a regulator in one of the member states. Although the licensing requirement took effect on July 1, European Commission officials had already opened a comment period for potentially revising the framework, including provisions on decentralized finance (DeFi) and stablecoins.

Related: Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research

The proposed framework, which some have dubbed “MiCA 2.0,” will remain open for comments until Aug. 31. However, Miroslav Durić, a senior associate at Taylor Wessing, told Cointelegraph in June that it was unlikely that “any concrete legislative proposals will be adopted before 2028.”

In addition to the GENIUS Act, US lawmakers are reportedly continuing discussions to advance their own version of market structure called the Digital Asset Market Clarity (CLARITY) Act. The bill, advanced by two key committees in the previous 12 months, is expected to head to a vote in the Senate in July before the chamber breaks for month-long state work periods.

EU regulators reviewing crypto custody risks

The European Securities and Markets Authority, one of the regulators supporting the implementation of MiCA, announced on Wednesday that it planned to review the operational resilience of CASPs licensed under the recently enacted framework. From July through the first half of 2027, EU regulators will examine how crypto companies handle custody-related operational risks.

Magazine: Why stablecoins and SWIFT may have to coexist

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares.

According to the GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision.

That transition period expires on July 18, 2026, leaving the Federal Reserve, the U.S. Treasury, and other financial regulators with just days to release the required guidance.

The upcoming rules are important for Circle because the company issues USDC, one of the largest stablecoins by circulation. As crypto.news previously reported, any changes affecting reserve standards, licensing requirements, or issuer obligations could influence investor expectations for Circle’s business and, by extension, CRCL stock.

July 18 rules could become the next catalyst

Regulatory attention arrives as lawmakers remain divided over the second major U.S. crypto market structure bill.

Prediction market platform Polymarket currently assigns a 45% probability to the CLARITY Act becoming law. The bill has faced opposition from banks, which argue that allowing companies such as Circle and Coinbase to offer yield on stablecoin balances could encourage customers to move money out of traditional bank deposits.

While Congress continues debating the CLARITY Act, investors are now focused on the rules tied to legislation that has already been enacted. Unlike the pending bill, the GENIUS Act requires regulators to publish detailed implementation guidelines before the statutory deadline.

Market participants will be watching whether the agencies introduce stricter capital, reserve, disclosure, or licensing standards that could affect stablecoin issuers operating in the United States.

Technical charts continue to favor sellers

CRCL shares traded around $63 on July 8 after falling 2.84% during the session as geopolitical tensions weighed on risk assets following President Trump’s statement that the Iran ceasefire had ended.

The daily chart also shows that the stock remains locked in a sustained downtrend. Price continues to trade below a descending trendline that has capped every recovery attempt since May, while the Supertrend indicator remains bearish with resistance near $82.

Technical support is clustered around $61.70, which coincides with the 100% Fibonacci retracement level visible on the daily chart. A confirmed break below that level through three consecutive daily closes could expose the February low near $49, extending the current decline.

Momentum indicators continue to support the bearish outlook. The Relative Strength Index has slipped to about 35, showing that sellers still control the trend even as the stock approaches oversold territory. Although an oversold reading can precede a rebound, the chart has yet to produce a confirmed reversal signal.

Coinbase shares have also weakened alongside Circle. COIN traded below the psychological $160 level after failing to clear resistance around $168, a rejection that interrupted the recovery that began at the end of June.

The Coinbase chart likewise points to continued caution. Shares remain below a descending trendline, while the Chaikin Money Flow indicator has stayed negative, suggesting capital continues to leave the stock.

If selling pressure persists, the next support sits near $149, followed by the June 26 low around $139. A sustained move back above $168 would be needed before the technical outlook begins to improve.

More than $500 billion has been wiped from U.S. stock markets after President Donald Trump declared the U.S.-Iran ceasefire effectively over and warned that Washington could launch fresh military action against Iran.

According to remarks Trump made to reporters, he no longer considers the ceasefire in effect, saying, “I don’t want to have anything to do with them anymore; they’re scum.” During separate comments at the NATO Summit, Trump also said the United States would “probably” strike Iran again later that night, reigniting fears of a broader conflict across the Middle East.

Those remarks came only days after indirect talks between U.S. and Iranian negotiators, with mediation from Qatar and Pakistan in Doha, had reportedly produced positive progress. Tuesday’s statements raised doubts about whether those diplomatic gains could survive.

Markets reacted immediately. U.S. equities fell sharply, crude oil climbed, and cryptocurrencies extended losses as investors moved away from risk assets. Trump’s remarks also drew attention because he mistakenly referred to Iran as the “Islamic Republic of Japan” while describing what he said was an attack involving 11 missiles against a U.S. aircraft carrier.

Oil and equities have reacted first to renewed geopolitical fears

Energy markets recorded one of the strongest reactions. Crude oil jumped about 5%, testing resistance near $75 after traders priced in the possibility of supply disruptions. If prices establish themselves above the $72 level, technical price action suggests oil could challenge $78 in the short term.

Wall Street also turned lower. The S&P 500 fell roughly 1%, the Nasdaq 100 lost 1.5%, and the Dow Jones Industrial Average dropped 1.3%. Intraday trading pushed the S&P 500 down to around 7,429 before stabilizing slightly near 7,437.

Gold failed to benefit from the initial flight to safety, sliding about 2.5% from roughly $4,100 to $4,030.

Digital assets followed the weakness in equities. According to CoinGlass, 125,335 traders were liquidated over the past 24 hours, with total liquidations exceeding $385 million across the crypto market.

Bitcoin also extended its decline after already coming under pressure following reports that an oil tanker had been attacked in the Strait of Hormuz earlier this week. The cryptocurrency was trading near $62,200 at the time of writing after failing to reclaim resistance around $63,200, a level that coincides with the 78.6% Fibonacci retracement on the daily chart.

Technical indicators also show Bitcoin remaining below its Supertrend resistance near $65,800 while continuing to trade beneath a descending trendline, suggesting sellers still hold the advantage. If geopolitical tensions intensify further, the next major support lies near $57,900, with intermediate support around $61,500.

Trump’s warning about Iran’s infrastructure has raised supply concerns

Alongside declaring the ceasefire finished, Trump outlined what he claimed the U.S. military could do if hostilities escalate further.

“The U.S. military could destroy all of Iran’s bridges, disable its electrical grid, and destroy its desalinization plants in one day,” Trump said.

Trump additionally discussed Kharg Island, Iran’s primary oil export terminal, saying U.S. forces had struck part of the facility the previous night and suggesting they could eventually control the entire island.

Kharg Island handles most of Iran’s crude oil exports, making it one of the world’s most important energy infrastructure sites. Any prolonged disruption there could reduce global crude supplies and keep upward pressure on oil prices.

As traders continue assessing Washington’s next move, developments around Iran’s oil infrastructure are expected to remain one of the main drivers for oil, equity, and cryptocurrency markets in the coming sessions.

Bitcoin (BTC) trades slightly above $62,000 and is down nearly 2% over the past 24 hours amid a risk-off mood across global markets. The pressure is not coming from crypto exclusively and is more so attributed to a sharp selloff in semiconductor and AI stocks. 

Renewed profit-taking from Samsung sent Asian markets reeling overnight, and military escalation between the US and Iran sent oil up around 5%. As a result, US stocks opened lower, and on Wednesday the Federal Reserve released the minutes from its June meeting, a report traders typically watch closely for clues on the timing of any rate cut. 

Currently, markets price roughly a 73% chance the Fed holds rates steady at its next meeting on July 29, but the major takeaway for investors will be how the tone of the minutes frames the Fed’s view on inflation and interest rates.  

Bitcoin buyers quickly became sellers 

Bitcoin’s cumulative volume delta (CVD) showed traders buying on Monday, with futures CVD adding about $585 million and spot CVD adding nearly $119 million, for a combined $705 million in net buying as BTC rallied above $64,000. 

By Wednesday, the mood had shifted to reflect traders’ apprehension and the need to cut risk ahead of oil’s advance, the semiconductor selloff and the pending release of the Fed minutes. Futures market selling accelerated to nearly $500 million and spot followed with a $86 million sell volume. 

BTC/USD spot and futures CVD. Source: Hyblock

Bitcoin’s funding rate and open interest dropped, reflecting traders’ choice to cut positioning, but the week-long trend of positive funding rates remains intact. 

BTC/USD funding rate, open interest. Source: Hyblock

Liquidations have also stayed relatively small in dollar terms, but they are one-sided. Wednesday’s forced selling was almost entirely on the long side, with roughly $47 million in long liquidations versus about $4 million in short liquidations. 

Hyblock’s liquidation data shows a large cluster of long positions near $61,000 and if Bitcoin trades down into that zone, those forced sales can briefly accelerate the move lower. 

A trend reversal is not confirmed 

Although Bitcoin bulls put in a good effort, absorbing dips to $60,000 and below, and fresh flows from spot markets and BTC ETF buying show investor appetite in the current range, the bulk of the price move remains driven by futures activity. 

Wednesday’s price action demonstrates how fast conviction and price can unravel when the primary fuel behind the move is futures-driven, and sentiment across the crypto market remains in the “fear” category according to the Crypto Fear & Greed index.

Crypto Fear & Greed Index. Source: Alternative.me

Beyond the geopolitical and Fed-related impact on intra-day price action, Strategy’s recent sale of 3,588 BTC and the fact that Bitcoin’s current price is below its $74,582 average price have cast an ominous cloud over the wider market as investors grapple with the reality that the largest BTC treasury could become a frequent seller.