🇺🇸 Miner Marathon announces that every Bitcoin block it mines will now be labeled “Made in the USA.”
The catalysts that could drive the price of BTC and the broader crypto markets higher are largely already priced in, JPMorgan believes.
Santiment: XRP's market cap has soared again. Wallets holding between 1 million and 10 million coins now hold a record 7.06 billion coins ($4.42 billion), and social media discussions of the project are at their highest level since January.
A judge has ordered Ripple to pay $125 million in civil penalties, officially ending the SEC's lawsuit and ruling that $XRP is not a security. Victory.
Arthur Hayes told DLNEWS that even if Trump wants to support cryptocurrencies, if the government is against it, he may not be able to do so.
🔸SEC and Gary Gensler are not the problem.
🔸BlackRock products are not cryptocurrencies.
🔸Whoever is elected will print money, so BTC will always be bullish.
The Japanese stock market is recovering from yesterday's bloodbath, which resulted in its biggest daily loss since 1987.
Speaking to CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo, said the rebound was "typical after a market crash," adding:
"The key thing is: Fundamentals are sound, the economy is sound, there's no evidence of a pullback in Japanese equities."
BTC also rose above $55,000 during Asia Pacific hours today.
One of the key support levels for Bitcoin is around $47,140, where almost 900,000 addresses previously bought 489,000 BTC!
🇺🇸 Bill S.4912, which proposes to make Bitcoin a strategic reserve asset of the US Federal Reserve, has been officially introduced to Congress and referred to the Senate Banking Committee.
Major US banks expect rate cuts:
Bank of America: Fed expected to cut interest rates by 25 basis points in September; Goldman Sachs expects Fed to cut rates by a cumulative 0.75%; Citi: Fed to cut rates by 0.5% in September and another 0.5% in November.