The Bitcoin community was abuzz this week following a surprise visit by US Treasury Secretary Scott Bessent to a Bitcoin-themed bar in Washington, D.C. Meanwhile, India's government is considering stablecoin regulations in its upcoming Economic Survey 2025-2026, potentially diverging from the Reserve Bank of India's cautious stance favoring digital currency development.
Bitcoin has entered a bearish phase as institutional demand wanes, with CryptoQuant indicators signaling a downward trend. In Brazil, crypto holders are on alert due to a sophisticated WhatsApp worm targeting wallets and bank accounts through fraudulent schemes. Additionally, former Coinbase lawyer Khurram Dara has announced his candidacy for New York Attorney General, leveraging his regulatory experience in crypto and fintech.
Veteran trader Peter Brandt has cautioned that Bitcoin's rise to $200,000 may not occur until 2029, contrary to more optimistic forecasts. In a notable move, Robert Kiyosaki sold Bitcoin acquired at $6,000 for approximately $90,000, reflecting on the week's volatility.
Bitcoin Faces Bearish Sentiment Amid Regulatory and Security Concerns
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