Report: BTC exhibits range fluctuations, the crypto industry enters a new stage of compliance and growth

Last week, Bitcoin continued to trade within a range of several weeks. The price even once fell below the weekly opening price, but closed up 4.2%. As volatility compresses and liquidity decreases, Bitcoin's short-term price trend increasingly reflects the behavior of macro-sensitive assets. The daily inflow volume to exchanges has also dropped by more than 54% from its cyclical peak, reflecting widespread investor indecision and a decrease in short-term risk preference. As Bitcoin consolidates near the lower end of its range, price changes may depend on new institutional flows and macro clarity, especially in terms of liquidity conditions and central bank policies.

Last week saw significant shifts in the cryptocurrency industry indicating increasing institutional support and clearer regulation. The U.S Securities Exchange Commission officially withdrew its lawsuit against Ripple Labs ending years-long legal disputes over XRP's status. Trump became the first U.S president to speak at a cryptocurrency summit where he called for stablecoin legislation confirmed strategic bitcoin reserves and promised clear regulations which reflect that a mature crypto industry is entering into a new stage of compliance and growth.