An aggressive leverage unwind wiped out more than $5.7 billion in long positions, intensifying volatility and shaking retail confidence. Policymakers are advancing seven crypto tax proposals and technologists are debating off-chain scaling's impact on miner security, signaling that rules and infrastructure may drive the next phase. Speculation about institutional buying and a $50,000 target underscores the market's search for a stabilizing bid.
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#market volatility
#financial regulation
#blockchain scalability
#bitcoin
