Bitcoin Near $63,000: ETF Outflows and Regulatory Steps Shape the Market

Bitcoin (BTC) is trading at $63,258, while Ethereum (ETH) has pulled back to the $1,829 level.
The total market capitalization has declined to $2.19 trillion.
Among other major assets, XRP is priced at $1.33 and Solana (SOL) at $76.79.
Increased uncertainty in trade policies following a U.S.
Supreme Court decision regarding customs duties has weakened global risk appetite, leading to value losses in digital assets.
According to data from February 23, Bitcoin ETFs saw a net outflow of $203.82 million, while Ethereum ETFs experienced a net outflow of $49.48 million.
Stablecoin Initiative for Gaza The Peace Board, established under the oversight of U.S.
President Donald Trump, is reportedly evaluating the option of creating a dollar-indexed stablecoin as part of the reconstruction of Gaza.
This initiative, prompted by limited access to cash and destroyed banking infrastructure in the region, aims to enable the public to conduct transactions in a digital environment.
The project is said to be in its early stages and is being carried out in cooperation with Israeli technology entrepreneurs and local committees.
Banking Regulation Proposal from the Fed The U.S.
Federal Reserve (Fed) plans to revise the "reputational risk" criteria, which has allegedly led to the exclusion of crypto companies from banking services.
The new proposal suggests that banks should not close customer accounts solely based on reputational risk; instead, evaluations should be based on financial risk management principles.
This step, welcomed by the crypto sector, has initiated a 60-day public comment period.
New Appointment at the SEC On the regulatory front, Taylor Lindman, former legal executive at Chainlink Labs, has started his role as chief legal counsel in the U.S.
Securities and Exchange Commission's (SEC) crypto task force.
Lindman replaces Michael Selig, who was previously appointed to the Commodity Futures Trading Commission (CFTC) chairmanship.