BTC price At the time of writing, it is trying to reclaim $61,000 and if it succeeds, it will be great for altcoins. Closing above $61,850 will open the door to $63,000 and then $65,000, which could allow us to gradually approach the $70,000 breakout level. So what are the cryptocurrencies latest developments what?
Latest Situation in Cryptocurrencies
The Fed minutes will be released tomorrow and Jackson Hole will begin on Thursday. This meeting will shed light on the current and future of the global economy. Powellis expected to make relatively optimistic statements in his speech on Friday. Moreover, the Fed minutes may also contain developments that will support risk markets. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
In fact, the data coming in for the last 3 months show that while inflation is falling, employment is fluctuating negatively to the extent that it will be necessary for the Fed to take action.
Tether Printed USDT
Stablecoin Tether, the issuer, has invested $1 billion in the Tron network USDT The newly minted USDT amount has thus exceeded $33 billion. $14 billion of this was minted on the Ethereum network, while $19 billion was issued on the Tron network. Following USDC’s decision in favor of the Tron network, Tether continues to support it.
Chinese Court Decision
China’s Supreme Court has revised its interpretation of Anti-Money Laundering (AML) laws, adding crypto under the heading of “virtual assets.” The first significant revision since they were passed in 2007 has recently been made. This means that the transfer and conversion of criminal proceeds into crypto will also fall under the rules prohibiting “covering or concealing the source and nature of criminal proceeds and their benefits by other means.”
Coinbase Election Report
This was a bit disappointing because there is an unexpected picture among young cryptocurrency investors in the US. 41% of this group define themselves as Democrats and 39% as Republicans. Trump’s crypto- Despite his friendly big promises, the fact that the ratio is equal may explain Harris’ reluctance to take action on this issue.
Kamala Harris is still cryptocurrencies He is quiet on the subject. But with competition heating up in many states, making a few crypto-friendly statements could gain him votes rather than lose them. That’s exactly what’s expected with the November elections just around the corner.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
