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Bitcoin slips to about $62,600 after regulatory optimism fades

CryptoSlate notes that despite Washington avoiding new crackdowns and keeping major US crypto venues and ETFs operating, demand declined as uncertainty that once raised costs did not translate into sustained buying.

Reported · Written up by our desk · Market Structure

CryptoSlate says Bitcoin has fallen from a peak above $126,000 to trade around $62,600 by August 3, 2026, even as hopes for a friendlier regulatory era have persisted.

The outlet argues that after years of regulatory conflict, the industry appeared to reach institutionalization, supported by Wall Street’s spot ETFs, public companies raising billions to buy crypto, and a White House push to make the US a crypto hub. It adds that in the subsequent period, Washington did not revive earlier crackdown tactics such as closing ETFs or threatening major American exchanges.

CryptoSlate attributes much of the prior industry cost to regulatory uncertainty, describing how it discouraged banks from building products, increased legal expenses, and contributed to expensive custody. It also says enforcement risk was often driven by lawsuits, including cases where the SEC later treated longstanding activity as unregistered securities, leaving companies unable to plan liabilities confidently.

However, the article concludes that removing penalties did not automatically create demand, stating that while friendly regulation can make crypto easier to own, it may not provide a new reason to own more. CryptoSlate frames the mismatch as a key driver behind the market’s decline despite the improved policy backdrop.

Latest closeBitcoin $64,040.55 ▲0.9%

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