BTC Stable above $100k, FOMC today, Memes & AI coins Bleed
Bitcoin remains stable above $100,000 as macroeconomic pressures unfold, with altcoins experiencing declines. The Czech central bank is proposing a substantial BTC reserve of $7 billion, while Utah moves forward with legislation to invest in cryptocurrencies. South Dakota is also considering a BTC reserve. Crypto mining stocks have faced continued weakness post-DeepSeek. In regulatory developments, the SEC has removed the XRP lawsuit from its website and Lummis has criticized the SEC's approach to Coinbase. The M2 money supply has reached an all-time high, which experts believe could positively impact cryptocurrencies. The CBOE has refiled for SOL ETFs on behalf of multiple issuers. Moves in the market also include the anticipated purchase of 21,000 BTC by Metaplanet by 2026 and plans by CryptoCom to delist USDT along with nine other tokens in Europe.
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