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Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.
Bitcoin Price Today: Rises to Over $69k After Trump Touts Friendlier Regulation
Is the cryptocurrency community going to be a key battleground in the presidential election? Donald Trump made a recent statement proposing the establishment of a USA bitcoin reserve and planning to dismiss the Chairman of the Securities and Exchange Comm
Shortly after Trump's speech, Cynthia Lummis, a Republican senator from Wyoming who attended the Bitcoin 2024 conference in Nashville, announced plans to draft a bill requiring the government to establish a national reserve of up to 1 million Bitcoins, which will be held for 20 years. On Friday, US independent presidential candidate Robert Kennedy promised to launch a Bitcoin reserve program of 4 million coins if elected president.
Jersey City Mayor: Jersey City will allocate 1% of its retirement fund to purchase bitcoin ETF.
Mayor Steven Fulop of Jersey City, USA, announced that the city will allocate a certain percentage of the retirement fund to purchase cryptos. He stated on social media X that he supports cryptos in the long term, regardless of market fluctuations, and believes that blockchain technology is one of the most important technological innovations since the advent of the internet.
Bitcoin ETF has seen inflow of funds for four consecutive weeks, and the market is waiting for Trump's speech at the heavyweight cryptos conference this week.
Bitcoin ETF has received inflow of funds for the fourth consecutive week, with a total inflow of more than $3.1 billion in four weeks. Harris has not publicly commented on her views on cryptos, but if her position is similar to Biden's, traders may continue to believe that Trump is more favorable to the industry. Media reports suggest that Trump may propose to list bitcoin as a strategic reserve asset at this week's bitcoin conference.
What does Biden's withdrawal mean for the global financial markets?
USA current President Joe Biden announced that he will not seek re-election, and supports Vice President Kamala Harris as the Democratic candidate. This news was released at a critical moment less than four months before the November election, which may exacerbate the instability of Wall Street.