This week in Crypto Rundown Weekly, we dive into the biggest stories shaking up the crypto market. Bitcoin crashed below $100K after President Trump’s tariff announcements triggered a sell-off, wiping out over $500 billion from the market. Meanwhile, the U.S. Congress formed a bipartisan cryptocurrency working group, aiming to create clear regulations for digital assets.

In another major development, U.S. banks may soon be allowed to offer cryptocurrency services, a move that could bring crypto closer to mainstream adoption. MicroStrategy, now Strategy Inc., doubled down on Bitcoin with a fresh $600 million raise, adding to its massive BTC holdings.

India is rethinking its crypto stance, signaling a potential policy shift that could unlock one of the world’s largest markets. At the same time, institutional investor Anthony Scaramucci predicts a crypto boom over the next few years as regulatory clarity improves.

Markets saw some relief after the White House delayed tariffs on Mexico and Canada, helping Bitcoin recover slightly. However, global markets, including Australia’s, felt the ripple effects of trade tensions, showing how interconnected crypto has become with broader financial systems.

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