Crypto Week Ahead: Bitcoin (BTC) and Other Top Crypto Coins Experienced a Tough Week

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Cryptocurrency prices experienced a turbulent week with a collective market capitalization rise and a notable shift in on-chain trends. Here's a summary of the key events and updates:

* Centralized exchange Bitcoin reserves reached their lowest levels in nearly six years, indicating a strong shift toward long-term holding and cold storage strategies.

* Turkey's Capital Markets Board released updates on crypto asset service providers, revealing 47 operational companies and three opting for liquidation.

* State-run internet provider CANTV in Venezuela reportedly blocked access to Binance, impacting Venezuelans using the platform for digital asset management and P2P markets.

* Crypto prices faced pressure from geopolitical tensions, including the Israel-Palestine conflict and Bangladesh unrest, impacting market sentiment and leading to sell-off pressures.

* Pro-Trump news from the US presidential election run-up could potentially lead to rallies in crypto prices, given the correlation observed in the past.

* Overall market fear and greed index stood at ‘Neutral’ with 50 points (out of 100), as per CoinMarketCap.

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