Coinedition
XRP eyes potential market impact as pro-XRP attorney John Deaton challenges Senator Elizabeth Warren in the Massachusetts Senate race. XRP and Bitcoin prices fluctuate as investors monitor political developments in the U.S. elections. Bitcoin briefly approached its all-time high last week, now trading at $68,545.40.
Shytoshi Kusama plans to create a blockchain hub in a U.S. city. The Shiba Inu developer aims to make the U.S. an epicenter for blockchain technology. Kusama addressed the proposal to the incoming President of the United States.
Massive Bitcoin ETF outflows suggest caution as markets await Election Day outcomes. Bitcoin price volatility rises as ETFs face record outflows, FOMC decision looms. Election-driven market shifts could drive Bitcoin toward $90,000 or plunge to $50,000.
Binance challenges SEC’s lack of regulatory clarity, leaving crypto assets undefined. Binance highlights SEC’s inconsistent approach, referencing recent decisions on Ether. With the discovery phase closed, Judge sets deadlines for next steps as Binance monitors the case.
Morgan Creek Capital’s Mark Yusko has predicted Bitcoin in six figures by year-end. Bitcoin will benefit if the current monetary policy of money printing continues. The fair value for Bitcoin is $80,000-$100,000, Yusko stated.
Bitcoin and crypto investors brace for volatility as the U.S. election unfolds. Traders are eyeing a “Trump trade” trend, with increased long positions in the dollar, crypto, and Treasury yields. Historical data suggests that post-election uncertainty may linger, with past elections showing prolonged volatility.
Bitcoin faces increased volatility as the U.S. presidential election approaches, with uncertainty pressuring the market. Altcoins like Ethereum and Solana struggle as Bitcoin dominance surges to over 60%. Florida’s state pension fund explores expanding its crypto holdings ahead of potential federal regulation changes.