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Bitcoin remained volatile but traded sideways as market participants awaited the release of the White House’s anticipated 180-day crypto policy report, due on July 30.
The report is expected to elucidate the management of government-held bitcoin reserves and propose a comprehensive regulatory framework.
While near-term volatility is likely to persist, a clarified regulatory outlook could establish a foundation for more sustained institutional participation.
At the same time, bitcoin could remain under some pressure as US ETFs continued to see net outflows for the third day in a row, although the volumes remain limited. In contrast, Ethereum spot ETFs continue to attract inflows, offsetting the concerns around bitcoin.
Corporate adoption of bitcoin remains a stabilising influence throughout market volatility. Thus, along with other firms, H100 Group recently increased its bitcoin holdings, while Nativo Resources has formalized a digital asset treasury policy. These initiatives underline a broader institutional trend of integrating digital assets into corporate balance sheets. The increasing institutional adoption and broadening spectrum of market participation underpin an optimistic medium-term outlook for the crypto space.
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