Bitcoin fell below the $90,000 mark, triggering a notable rally in altcoins, with the CoinDesk 20 index climbing 4.4%. Leading the gains were Aptos (APT) and Polkadot (DOT), reflecting a shift in investor sentiment. Institutional interest in cryptocurrencies remains robust, as banks reported a €4.7 billion increase in crypto custody balances, and crypto-linked equities now account for 1.8% of global stock markets.
In regulatory news, the UK Serious Fraud Office has launched an investigation into a $28 million crypto scheme, resulting in the arrest of two individuals. Meanwhile, Singapore's crypto adoption has reached 61%, highlighting the region's growing embrace of digital assets.
Bitcoin Dips Below $90,000 as Altcoins Rally Amid Regulatory and Institutional Developments
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