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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.
VanEck Sees Bitcoin Reaching $61 Trillion Market Cap, Marathon Buys $100 Million BTC
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Top Cryptocurrencies Fall; Bitcoin Slumps Below $65,000
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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Ethereum – European Wrap 25 July
Trump Is Set to Headline Bitcoin 2024 Conference
With the bullish news on ETF unable to withstand the safe-haven sell-off, ethereum is likely to experience its largest daily decline in the past three months.
According to Zhītōng Finance, ethereum continued to decline on Thursday, falling nearly 7% at one point due to the widespread selling caused by market risk aversion, and the first spot ethereum ETF launched in the United States this week did not boost the cryptocurrency.
Ether Set for Biggest Daily Fall in Three Months, No US ETF Bounce
Bitcoin Price Declines as Kraken Exchange Executes First Reimbursements to Mt. Gox Creditors
Could This Be a Good Time to Buy Dogecoin, Here's What On-chain Metrics Say
BTC Holds Strong After Kamala Harris Declines to Speak at Bitcoin Conference