Korshain believes Trump's support for Bitcoin will lead to a more favorable regulatory environment and boost prices.
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| The global crypto market cap is $2.4 trillion, with a 24-hour volume of $84.15 billion. The price of Bitcoin is $66,164.53, and BTC market dominance is 54.5%. The price of Ethereum is $3,429.95, and ETH market dominance is 17.2%. The best-performing sector is Masternode, which gained 19%. The Crypto Fear & Greed Index is currently Greed (71).
Korshain believes Trump's support for Bitcoin will lead to a more favorable regulatory environment and boost prices. The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23. The firm believes Trump's rumored endorsement of Bitcoin as a strategic reserve asset could ignite a "parabolic" surge in the flagship crypto's price.
Integration of traditional finance and the digital asset ecosystem
CryptoSlate's latest market report dives deep into key quantitative metrics that show the operational and economic conditions of Bitcoin mining. | |
