Crypto Markets See Bitcoin Capitulation Amidst Hedera's EU Launch and Tech Regulatory Probes
Crypto Markets See Bitcoin Capitulation Amidst Hedera's EU Launch and Tech Regulatory Probes
Recent news highlights a mixed landscape in the crypto and tech world. Telegram is under a Russian probe for allegedly facilitating terrorism by not removing flagged content. On a more positive note for the blockchain space, Hashgraph Group launched a Hedera-based tool for EU digital product passports, ahead of upcoming regulations. Meanwhile, the Bitcoin market is experiencing significant downturn, with prices dipping below $63K, signaling a period of full capitulation driven by panic selling among short-term holders.
Russian authorities claim the Telegram messenger refused to remove 155,000 channels flagged for illegal content, according to multiple media reports.
Hashgraph has launched a blockchain-based supply-chain traceability solution ahead of the EU’s Digital Product Passport requirements, some of which take effect beginning in 2027.
Panic selling by short-term holders, combined with the RSI near record lows, suggests that BTC could be transitioning into a full capitulation regime.