The Federal Reserve has made a decision that will significantly ease bank access to crypto assets. Financial institutions can now engage in digital services without needing additional approvals.
New Rules for Banks
Recently, the Fed announced that financial institutions can now provide services related to cryptocurrencies, such as custody, staking, and settlement operations, without bureaucratic delays. This decision is accompanied by similar steps from the FDIC and OCC, opening new horizons for mass adoption of digital assets.
Technical Situation in the Crypto Market
In light of the regulatory changes, a divide is emerging in the crypto market: some major projects, like Ethereum, are struggling to hold their ground, while newcomers like Sonic face bearish pressures despite upcoming listings. Investors must now more carefully select short-term assets based on market volatility and actual value.
Analysis of Cryptocurrencies and Their Prospects
Among the cryptocurrencies under consideration are Cosmos and Sonic. Cosmos provides significant opportunities with its interoperability and stability, while Sonic, though under pressure, may gain momentum following its upcoming listing on Kraken. This creates interesting opportunities for short-term investors looking for solutions in a highly volatile market.
The cryptocurrency market is experiencing significant changes following the Federal Reserve's decision. The simplification of bank access to crypto services opens new opportunities for both institutional and retail investors. The success of individual cryptocurrencies such as Qubetics, Cosmos, and Sonic will depend on their ability to adapt to the new conditions and offer real value to users.
