Bitcoin’s origins as an alternative to the 2008 global financial crisis and large-scale bank bailouts are drawing attention again, an analysis said. Bitcoin Magazine reviewed how monetary expansion policies during the crisis exposed limits of the existing currency system and helped spur Bitcoin’s emergence. It highlighted claims that such policies dilute purchasing power and act like an indirect tax. The report pointed to the genesis block message citing a Times headline on a second bank bailout.

Cryptocurrency markets sank into an “extreme fear” phase as bitcoin neared a break of the $60,000 support level. U.S. spot bitcoin ETFs logged 13 straight sessions of net outflows, with cumulative withdrawals of about $4.37 billion. Passage prospects for the U.S. CLARITY Act this year fell again amid Senate scheduling hurdles. XRP holders showed limited selling despite a 66 percent drop from its peak, while Ripple pushes RLUSD and institutional ecosystem expansion.