CMC Research Director: The crypto market is still waiting for a key catalyst to take effect, attention should be paid to Trump's speech
BlockBeats reports that on July 24, traders anticipate the current price trend of Bitcoin to remain steady until a new comment is made by a U.S. presidential candidate, which could reveal the future of cryptocurrency regulation in the country.
Alice Liu, Research Director at CoinMarketCap said: "The market is still waiting for some key catalysts to take effect. Prior to Trump's speech at the Nashville Bitcoin Conference on July 25, the market is in 'wait and see' mode, anticipating he might announce Bitcoin being used for national reserves. If this really happens, it will trigger a parabolic rise in Bitcoin prices."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Trending news
MoreCrypto prices
More
