币界网报道：The cryptocurrency market remains stagnant as Bitcoin struggles to maintain momentum above $30,000 amid ongoing regulatory uncertainty in Canada. Major exchanges like Binance and OKX have recently exited the Canadian market due to stricter regulations, including restrictions on trading leverage and stablecoins. Industry experts suggest this regulatory crackdown could push more crypto activity into decentralized platforms. Meanwhile, Bitcoin's price has been range-bound between $29,000 and $31,000 for weeks, with trading volumes declining significantly. Analysts attribute the lackluster performance to macroeconomic factors like rising interest rates and reduced risk appetite among investors. Some market observers note that institutional interest appears to be growing despite the price stagnation, pointing to increasing Bitcoin holdings in spot ETFs and growing futures open interest. The Canadian situation highlights the ongoing tension between crypto innovation and regulatory oversight, with market participants closely watching how different jurisdictions approach digital asset regulation. While short-term price action remains muted, long-term fundamentals like Bitcoin's upcoming halving event in 2024 continue to provide support for bullish outlooks among crypto proponents.