Bitcoin Breakout at Risk as Market Makers Test Traders
Bitcoin's recent dip below $66K has left traders guessing, but is this a sign that the breakout will fail or just market makers trying to throw off traders? Bitcoin:native continues to keep investors on edge as it tests key horizontal support. According to CryptoDaily, this could be an omen for the crypto market, with some experts predicting a shakeout dip to clear long positions.
The news comes amidst a broader trend of declining reserves and rising fees in the USDT vs USDC 2026 comparison. With over 83% of countries passing the Travel Rule, but only about 40% enforcing it, crypto crime remains a pressing concern. The FATF 2026 update highlights these issues, with INTERPOL reporting 5,811 arrests and $293m seized in a global fraud sweep.
Meanwhile, investors are keeping a close eye on Korbit Acquisition's 92% takeover by Mirae Asset, which has cleared FTC review and is targeting 97.15% ownership. This move could signal significant changes for Korea's crypto market in the coming months.