📉 Bitcoin Plunges Below $84K, FDIC Eases Restrictions

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Hey crypto trailblazer, 👋

The crypto market is facing turbulence as we head into April. Here's what you need to know as we near the end of March.

📉 Bitcoin Drops Below $84K in Sell-Off

The crypto market took a sharp downturn on Friday, wiping out all the gains from earlier in the week. Bitcoin plummeted below $83,800, with the broader market following suit.

This sell-off coincided with a broader retreat in traditional markets, as both the S&P 500 and tech-heavy Nasdaq took a hit. The bearish sentiment seems to be driven by:

• Poor economic data and inflation concerns

• Continued uncertainty about U.S. tariff policies

• Weaker-than-expected institutional demand

Despite the gloomy short-term outlook, some analysts see reasons that the bottom is near and that upward momentum may resume in Q2 2025.

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Mode saw 32,481% revenue growth, ranking them the #1 software company on Deloitte’s 2023 fastest-growing companies list.

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*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

 📰 Other Significant Developments

• FDIC eases crypto restrictions: U.S. banks can now engage in crypto-related activities without prior approval, rescinding a Biden-era policy. The CFTC is also treating digital asset derivatives like any other derivatives.

• Elon Musk sells X to xAI: The billionaire transferred ownership of the social media platform to his AI startup, a move that coincides with his legal battles over the platform.

• Crypto.com investigation closed: The SEC has officially ended its probe into the exchange with no enforcement action taken, according to CEO Kris Marszalek.

Q1 was a disaster for crypto markets. Let’s see what Q2 has in store for us.

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.