US Banking Regulator Calls for End to Crypto Discrimination in Banks

The cryptocurrency market is currently experiencing heightened fear and caution among traders as Bitcoin prices decline and altcoins retrace, though analysts predict this negative sentiment is temporary and may soon reverse, especially if Bitcoin surpasses the $117,000 level. Market data and expert commentary suggest that extreme bearish sentiment often signals the end of a price decline, with the Crypto Fear & Greed Index confirming a recent dip into fear but also signs of recovery. Meanwhile, financial stocks have pulled back amid mixed economic signals, while fintech and crypto assets like Bitcoin show resilience, indicating a shift in risk appetite and a reshaping of the financial sector landscape. Jonathan Gould, chairman of the US Office of the Comptroller of the Currency, emphasized the importance of banks ending discrimination against crypto-related activities and promoting innovation alongside security, aligning with President Trump’s initiative to make the US a global crypto hub. Traders remain cautious ahead of key US inflation data, with options markets showing demand for protective puts, though seasonal trends and institutional developments underpin optimism for a stronger fourth quarter. Despite this, the crypto market shows a “split-screen” reality: short-term speculative fear contrasts with the ongoing structural progress toward mainstream institutional adoption and regulatory clarity.