Crypto Market Turmoil: Bearish Trends and Regulatory Updates

Circle's stablecoins, USDC and EURC, have been approved for use within Dubai's International Financial Centre, a move expected to fortify Circle's market position. Meanwhile, Bitcoin dipped below eighty-eight thousand dollars, prompting a buying surge on Kraken. Despite the positive sentiment, the market bears continue to loom with the potential for more downside.