Cryptocurrencies Daily Bulletin 29.05.2025

Daily ReportCryptocurrency News

The fragility in the markets has increased again: Bitcoin hangs below $108,000, while news from GameStop and Pakistan forces the investor to reposition. Ethereum's rise is remarkable!

Bitcoin Below $108K, Market at $3.54 Trillion

Cryptocurrency markets have experienced a sharp correction as investors put off expectations of a Fed rate cut. Bitcoin hovered below $108,000, while Ethereum's rise attracted attention. Gamestop's massive BTC investment and Pakistan's move to create a state-level Bitcoin reserve is creating a new paradigm in the market.

📉 Market Reaction and Price Movements

  • Bitcoin (BTC) fell 1 percent to $107,775.
  • Ethereum (ETH) gained 3.4 percent to reach $2,725.
  • XRP fell 0.7 percent to $2.29, while Solana lost 1.4 percent to $172.22.
  • The total cryptocurrency market cap has dropped to $3.54 trillion.
  • The altcoin market capitalization rose to $1.4 trillion, showing relative resistance.

🤝 GameStop's Massive Bitcoin Investment Moves the Market

  • GameStop made its first investment in crypto by buying 4,710 BTC units.
  • The value of the investment is approximately $513 million.
  • The company made this acquisition with its previously announced borrowing strategy.
  • The BTC investment was the first concrete step in GameStop's move into digital assets.
  • The company's shares have previously experienced a significant increase in expectations in this direction.

🌍 Bitcoin Reserve Attack from the State of Pakistan

  • Pakistan has officially announced plans to establish a national strategic Bitcoin reserve.
  • It was stated that BTC will only be held and will not be sold.
  • The country will also build its mining infrastructure through energy projects.
  • Tokenization and blockchain-based public administration goals are on the agenda.
  • The newly formed Pakistan Digital Assets Authority will set the regulatory framework.

📑 Regulatory Call from FCA to Stablecoin and Custody Services

  • The FCA has presented regulatory proposals for stablecoins and crypto custody services.
  • The regulations were opened to public opinion and a consultation process was initiated.
  • It was proposed that the reserves be kept by independent institutions.
  • Value protection mechanisms will be mandatory for stablecoins.
  • These steps are in line with the UK's goal of becoming a global crypto hub.

📜 Crypto Permit to Pension Funds from US Department of Labor

  • The 2022 directive, which contained a crypto cap on 401 (k) retirement plans, has been rescinded.
  • With the decision, more powers were granted to investment managers.
  • The directive's rationale for a speculative nature has been criticized.
  • The new attitude coincides with Trump's vision of crypto in the campaign.
  • The decision could lead to crypto being more widely included in retirement portfolios.

🧠 Expert Review

In the short term, interest rate uncertainties caused by the Fed may continue to put pressure on Bitcoin and other crypto assets. But in the medium term, increased interest from corporate actors such as GameStop and Pakistan's state-level steps may underpin confidence in the industry. In the long term, regulatory clarity could bring digital assets into the same category as traditional investment vehicles. Investors should be wary of volatility, but not ignore opportunities.

✅ Take Action

Recent developments in the crypto markets can be harbingers of big movements and new trends. Review your analytics and strengthen your strategy without wasting time.
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🛑 Disclaimer

This content is created by Investment Desk AI and does not constitute investment advice. You should make your decisions based on your own research and expert advisors.

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