Crypto Markets Stabilize as Institutional Infrastructure Advances
Crypto markets have stabilized after significant intraday drawdowns on spot exchanges. Bitcoin is holding firm around $79,600, and market attention has shifted towards major infrastructure developments in traditional finance and regulatory policy.
According to Glassnode's on-chain data, BTC continues to test a formidable supply wall around the key $80,000 psychological threshold. This price zone aligns closely with the aggregate cost basis of US spot ETF holders, creating heavy overhead resistance as institutional buyers seek to de-risk or reach breakeven.
Taurus has finalized a direct integration connecting commercial banking systems with SWIFT's shared ledger framework. This push for continuous, round-the-clock liquidity is expanding into derivatives markets, where decentralized finance advocates have formally petitioned federal regulators to bring perpetual futures into traditional energy sectors.