The past week saw a mix of activity in the crypto market, with prices under pressure but retail investors and institutions continuing to move forward.
Retail investors mostly stayed put instead of selling into the drop, while institutions made calculated moves, cutting some exposure and adding in places where prices looked stretched.
Regulatory progress continued, with OKX receiving a license in Malta and Animoca Brands being granted a VASP license by Dubai's Virtual Assets Regulatory Authority. The White House also stepped in to lead stablecoin negotiations.
However, warnings about a deeper bear market and ongoing legal risks kept traders cautious. FTX stayed in the headlines again, with Sam Bankman-Fried claiming the company was solvent despite an $8 billion liquidity gap.