Bitcoin failed to deliver its typical “Uptober” rally this year, ending October in the red and currently struggling to maintain support near the $110,000 level.
Investor sentiment remains cautious amid macroeconomic headwinds and regulatory uncertainty.
In the United States, regulatory clarity is gradually emerging, but the debate over whether the SEC or CFTC should oversee digital assets continues to shape market expectations.
Across Europe, a lack of regulatory harmonization between member states remains a challenge, even as banks and financial institutions accelerate their adoption of tokenized assets and stablecoins.
Analysts note that regulation is becoming the key driver of crypto market evolution, potentially determining which regions will lead the next growth cycle.
