Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately
The brief mention to the relation between banks and crypto was enough to make Bitcoin rebound 3.3%.

The latest Bitcoin news today — live BTC price updates, mining developments, halving cycles, ETF flows, and institutional adoption headlines. CryptoSlate’s editorial team covers Bitcoin around the clock, from on-chain data and technical analysis to regulation and macro context, with breaking stories added throughout the day.
Governor Michl advocates Bitcoin as a diversification tool amid increasing institutional adoption across the world.
Massive tech sell-off triggers a wave of Bitcoin futures liquidations as institutions seek risk reprieve.
The move was expected by the market, as Bitwise registered a DOGE trust last week.
Nate Geraci stated that offering memecoin-tied ETFs could be detrimental to an issuer's image.
Representatives from both states publicly stated their forthcoming efforts to introduce bills regarding a Bitcoin reserve.
The former BitMEX CEO mentions macro signals as indicators of an imminent correction, before the market resumes an upward movement.