It’s been a very positive week for the cryptocurrency market. The total capitalization managed to add around $140 billion and is currently more than $2.4 trillion. This comes on the back of impressive performances from many coins, but let’s start with Bitcoin.
BTC is currently attempting to push above $66K, a price it hasn’t seen since early August. The past seven days weren’t without volatility, but, at the end of the day, the bulls prevailed and are currently in control. It’s interesting to see if they will be able to maintain this pressure, but given that the presidential elections in the US are approaching, the market is sure to be volatile.
On that note, Donald Trump has already shown his support for the industry and has praised Bitcoin on multiple occasions throughout the past few months. Kamala Harris was silent, but this, too, changed over the past week.
At one of her more recent speeches, Harris said that she “will recommit the nation to global leadership in the sectors that will define the next century […] remain dominant in AI and quantum computing, blockchain, and other emerging technologies.”
With that, both of the running candidates are now seemingly supporting the industry. However, it’s worth noting that neither of them did much for it during their respective terms – Trump when he was president and Harris – while she was VP.
Author: George Georgiev