US President Donald Trump is preparing to sign an executive order that would direct federal banking regulators to investigate claims that financial institutions have denied services to cryptocurrency firms and conservative individuals or groups.

Meanwhile, BTCUSD has been on a bearish correction, heading toward a recent low at 112,000. However, some analysts believe this sideways movement may set the stage for another Bitcoin rally.

Executive Order Challenges Bank Derisking Practices

The draft order, seen by The Wall Street Journal, outlines steps to determine whether banks breached antitrust, consumer protection, or fair lending laws. If violations are found, regulators may impose penalties or refer the cases to the Department of Justice.

BREAKING: Trump is getting ready to sign an executive order that will fine banks for debanking crypto companies.

No more "operation chokepoint" in the US! 🇺🇸 pic.twitter.com/Yp19BhAmph

— Coin Bureau (@coinbureau) August 5, 2025

The order also aims to remove policies that may have caused banks to sever ties with crypto-related businesses. It calls on the Small Business Administration to examine how such practices may have affected access to loans.

Earlier this year, similar measures were discussed to prevent banks from cutting services to specific industries. While no individual banks are named, the order would look into actions taken against conservatives and politically exposed persons.

The banking sector often justifies such decisions as “derisking,” citing concerns over legal or reputational risks. Recently, the Federal Reserve said it would no longer consider reputational risk in its oversight process.

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Bitcoin Analysts Eye Possible Reversal

BTCUSD continues to trade in a narrow range after falling toward the $112,000 level. The price remains in a correction phase. However, market analysts see signs that this could change.

Crypto Market Coiling Up For The Next Move! [PREPARE] https://t.co/25MdaOJnQF

— Sheldon The Sniper (@Sheldon_Sniper) August 5, 2025

A crypto analyst known as Sheldon The Sniper posted a technical review on X, noting that Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term had earlier held support near $115,000 before selling pressure pushed it lower. The sharp drop created a long wick, which is sometimes viewed as a signal that a reversal could follow.

Read More: This Bitcoin Price Prediction Suggests BTC Will Hit $200K in 2025

Bitcoin is now retesting the old support as resistance, particularly between $117,000 and $118,000. A move above that zone could lead to a short squeeze, with targets near $120,000.

The analyst said that sideways movement often clears weak hands before a stronger move. Falling Bitcoin dominance suggests altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term may be gaining attention, but Bitcoin’s next move remains key. A recovery above current levels may trigger a broader market rebound.