- The cryptocurrency market is facing a negative day, with its total capitalization down 4.63%. Avalanche (AVAX) is no exception, registering a 5.83% drop against the dollar.

- Despite this outlook, predictions for AVAX are optimistic. It is expected to rise 36.19% in the next five days, reaching a price of $43.73.

- Meanwhile, Bitcoin remains a solid haven amid market volatility, maintaining its position as the most resilient and reliable cryptocurrency.

- Blockchain regulation remains a crucial issue for the future of the market, with significant implications for investors and developers.