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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.
Bitfarms Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 32.45% HC Wainwright & Co. $4 → $4 Reiterates Buy → Buy 07/09/2024 32.45% HC Wainwright & Co. $
Express News | Bitfarms Ltd - on Track to Deliver Our Fully-Funded 2024 Guidance of 21 Eh/S and 21 W/TH
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.
Biden's withdrawal leads to bullish sentiment in the cryptocurrency market! Crypto may become the biggest winner of the "Trump trade".
If Trump takes office again, those bitcoin miners and crypto companies that have been blocked from listing in the US may become big winners in the digital asset field.
Stock Futures Inch Higher, but Biden's Withdrawal Adds to Increasingly Uncertain Outlook for Markets
President Joe Biden has officially dropped out of the race for president, injecting even more uncertainty into the outlook for markets at an increasingly critical juncture.
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