- Bitcoin holds above $105,000 as Asian markets start, with altcoin trading and liquidity increasing.
- U.S. lawmakers propose new legislation assigning oversight of digital assets to the Commodity Futures Trading Commission (CFTC).
- SEC Commissioner Hester Peirce urges crypto traders to accept responsibility for investment outcomes.
- Blockchain Founders Fund surpasses 200 investments in over 160 blockchain and Web3 startups.
- Ethereum rises 6% amid strong trading, while traditional and crypto markets see varied movement.
Bitcoin traded at just over $105,700 as Asian markets opened Friday, displaying a 1% dip from previous sessions. While Bitcoin remained close to its all-time high, altcoin volume and liquidity continued to increase in the region.
According to Paris-based trading firm Flowdesk, “As BTC consolidates near all-time highs, altcoin volumes and liquidity have seen a continued meaningful shift upwards.” The firm noted that Bitcoin’s price volatility has declined, even with several upcoming economic events. “The altcoin rotation continues, ETF inflows are back, and vol positioning reflects a transition to more tactical, yield-generating strategies,” Flowdesk added.
CoinDesk’s analytics indicated that Bitcoin faces downward pressure after hitting resistance near $108,800, though ongoing institutional interest may support the digital asset. In related developments, Ethereum increased by 6%, peaking at $2,784 before settling near $2,650, aided by strong volume and positive investor outlook. Gold rose 0.4% to $3,311 amid data showing the U.S. economy contracted by 0.2% due to weaker consumption and tariffs.
In the United States, House Republicans presented the Digital Asset Market Clarity Act, a 236-page bill proposing the CFTC as the main regulator for crypto commodity markets. The bill provides rules for crypto exchanges and exempts some decentralized finance (DeFi) services from the Securities and Exchange Commission’s (SEC) oversight. Meanwhile, the Senate continues debating separate stablecoin legislation. Hearings on the House bill are scheduled for next week.
SEC Commissioner Hester Peirce told attendees of Bitcoin 2025 in Las Vegas that “those who demand freedom must also accept accountability for their financial outcomes” while warning traders not to expect government bailouts for losses. Peirce also stated the need for Congress to clarify crypto oversight for retail trading.
Singapore’s Blockchain Founders Fund announced that it now has over 200 investments in more than 160 blockchain and Web3 startups, marking progress since its 2018 founding. According to a recent announcement, the fund crossed 150 investments last October.
Other market headlines include the SEC dropping a lawsuit against Binance, commentary from Arthur Hayes on Ethereum’s price potential, and Kraken“>new developments in tokenized equities. A report detailed a $400 million Coinbase security incident. In Russia, authorities said financial firms can now offer crypto-linked investment instruments to qualified investors.
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