Throughout the week, the cryptocurrency world has seen a flurry of activity. From market rallies to political tensions, the crypto landscape has been anything but dull. Here’s a quick look at the top stories that have made headlines.
Bitcoin, Ethereum, and Dogecoin Witness “Golden Cross Formation” – Cryptocurrency markets rose Friday following guidance from the Federal Reserve chairmanr Jerome Powell hason a possible interest rate cut. Read the full article here.
Ron Conway Cuts Ties With Pro-Crypto PACs – Ron Conway, a major Democratic donor, announced his decision to cut ties with a coalition of influential cryptocurrency super PACs. The move comes after the PACs committed $12 million to support Ohio Democratic Sen. Sherrod Brown, a decision Conway says he was not informed of in advance. Read the full story here.
See also: Bitcoin, Ethereum, Dogecoin Greet Weekend With ‘Golden Cross Formation’, Trader Says ‘Cycle May Surpass 2016-2017 Cycle’
Sen. Cynthia Lummis doubts Kamala Harris’ support for cryptocurrencies – Sen. Cynthia Lummis (R-Wyo.), a vocal proponent of cryptocurrencies and Bitcoin, said there is no evidence that Democratic presidential candidate Kamala Harris would support the industry. Lummis contrasted the Democratic Party’s position with the Republican Party’s platform, which has pledged to protect and promote cryptocurrency activity in the country. Read the full article here.
Cryptocurrency Industry Invests $119 Million in 2024 Election – The cryptocurrency industry has reportedly invested a staggering $119 million into the 2024 presidential election in a coordinated effort to support industry-friendly candidates. Large companies, primarily Coinbase and Ripple, have funneled the majority of these funds, almost exclusively into super political action committees (PACs) dedicated to promoting pro-cryptocurrency candidates. Read the full article here.
Anthony Scaramucci Predicts Bitcoin Will Hit $100,000 – Anthony Scaramucci, CEO of investment firm SkyBridge Capital, was optimistic about Bitcoin’s rise this year and hopes the leading cryptocurrency will reach $100,000. Scaramucci recalled how Bitcoin was “decimated” in the fall of 2022 and how regulatory approval of ETFs earlier this year helped boost demand and sentiment. Read the full article here.
Read more: Amid fierce Trump-Harris battle, cryptocurrency industry pours ‘unprecedented’ $119M into 2024 election — Here are the biggest donors
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This story was generated using Benzinga Neuro and edited by Anan Ashraf.
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