Will new Australian policies unlock blockchain’s potential or shut it down?

With the 2025 federal election looming, political parties remain divided on their approach to digital assets and blockchain regulation. Policies on taxation, licensing, and consumer protection will shape Australia’s blockchain future, influencing innovation and investment.

In conversation with Caroline Bowler, CEO of BTC Markets, Amy-Rose Goodey, CEO of the Digital Economy Council of Australia (DECA), highlights the importance of clear regulations to foster growth while protecting consumers. Her Who Supports Crypto campaign showcases strong public and industry backing for digital assets and urges policymakers to act. The election outcome could determine whether Australia embraces crypto or falls behind in the global digital economy.

Bitcoin drops 5% to $78,892.92, while Ether falls 9.62% to $1,617.65 amid market decline.

In Short

Bitcoin declined by 5% to $78,892.92, while Ether fell by 9.62% to $1,617.65 amid ongoing market pressures. I

nvestors are urged to stay informed as the volatile situation continues to affect cryptocurrency confidence and strategies.

Bitcoin was last recorded down 5% at $78,892.92 on Sunday.

The decline occurred at 1855 GMT.

This significant downturn saw Bitcoin, the largest cryptocurrency by market value, facing ongoing market pressures.

As of 8:10 PM UTC, its value stood at $79,632.61, reflecting a drop of $3,297.25 or 3.98%. Ether, the second largest cryptocurrency, experienced a more pronounced decrease of 9.62%, trading at $1,617.65 at 1859 GMT.

These fluctuations indicate a challenging day for cryptocurrencies overall.

The market is closely monitored as investors assess the impacts of current economic conditions on the cryptocurrency landscape.

Challenges remain

Such declines can lead to increased scrutiny and cautious approaches among traders. Reports highlight the volatility that has characterised the cryptocurrency market for some time.

Investors are advised to stay informed about market trends and developments.

Any further shifts in the global economic climate may continue to influence these cryptocurrencies.

As the market opens, analysts will be watching closely for recovery signals or additional declines. The evolving situation underscores the importance of understanding market dynamics when engaging with cryptocurrencies.

Continued fluctuations could affect investor confidence going forward.

This latest move emphasizes the need for strategic planning among cryptocurrency investors. The cryptocurrency market remains unpredictable, warranting careful consideration of investment choices.

What lies ahead for Bitcoin and Ethereum in a changing market?

 As cryptocurrencies evolve, Bitcoin’s role in the global economy remains uncertain.

Regulatory changes, institutional investments, and macroeconomic factors will shape the landscape. Emerging blockchain technologies may challenge Bitcoin and Ethereum, while inflation and interest rates impact long-term value. Will the crypto giants maintain dominance, or is a new era on the horizon?

In this episode, Cheyne Kupfer, Founder of Crypto Calls joins the program to discuss.

Brought to you by ByBit.