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Today, the cryptocurrency market is facing increased volatility, with Bitcoin struggling to maintain stability. After surging past $28,000 earlier this week, Bitcoin has since dropped back to around $27,000. Analysts point to institutional selling pressure and ongoing uncertainty around U.S. monetary policy as key factors driving the decline.

Other major cryptocurrencies have also seen downturns. Ethereum is currently trading around $1,600, while XRP has dipped slightly to $0.50.

Investors are keeping a close eye on regulatory developments in the U.S. and Europe, where upcoming decisions could significantly shape the future of the crypto market. These legal uncertainties continue to weigh heavily on investor sentiment, adding to the market's overall unpredictability.