Bitcoin steadied at $68,147.8 on Wednesday, as former U.S. President Trump urged clearer rules for the crypto sector. The price hovered near $68,000, after a brief climb to $69,000 earlier in the week. Market participants noted the brief rally, but volatility persisted amid broader uncertainty.

Trump’s social‑media post targeted big banks, accusing them of blocking the GENIUS act—which bans stablecoin issuers from paying yields—and the pending CLARITY act that would set a broader crypto market framework. He said banks must cooperate with the industry, after a private meeting with Coinbase CEO Brian Armstrong.

Meanwhile, the U.S.–Iran standoff, now in its fifth day, keeps risk sentiment low. Concerns that the conflict could choke oil supplies and fuel inflation weigh on markets, prompting central banks to consider hawkish moves. Altcoins mirrored Bitcoin’s flatness, with major tokens slipping 1% to 1.98k and meme coins falling 2.6%.

With regulatory debates still unresolved and geopolitical tensions high, Bitcoin’s price remains largely unchanged. Investors face a market where policy uncertainty and Middle East volatility continue to dominate, keeping the cryptocurrency’s trajectory uncertain and reinforcing the need for clearer rules.