Crypto News
Several Tailwinds Could Push Bitcoin to $100,000 This Year as US Inflation Cools
Despite crypto’s recent market dip, several catalysts offer an opportunity for long-term investors seeking reprieve.Source link
Crypto Support Surges Among GOP Voters, Poll Finds
A poll conducted by research-driven technology investment firm Paradigm in June, published on Thursday, has revealed that Republicans strongly support financial freedom through cryptocurrency and oppose centralized control, such as central bank digital currencies (CBDCs). Political candidates defending crypto, such as Sam Brown, Dave McCormick, and Bernie Moreno, enjoy significant GOP (Republican Party) support. Notably,Source link
JPMorgan Expects Crypto Market Recovery Beginning in August
Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize theSource link
CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling thatSource link
Biden’s Odds of Dropping Out Jump Again on Polymarket Ahead of President’s Press Conference
Prediction market traders now see a 65% chance the president will quit the race.Source link