As the week progressed, the cryptocurrency world saw a flurry of activity. From market spikes to political tensions, the crypto landscape has been anything but dull. Here’s a quick look at the top stories that made headlines.
Bitcoin, Ethereum and Dogecoin Witness ‘Golden Cross Formation’ – Cryptocurrency markets traded higher on Friday following hints from the Federal Reserver Jerome Powell afor a potential shift to lower interest rates. Read the full article here.
Ron Conway Cuts Ties With Pro-Crypto PAC – Prominent Democratic donor Ron Conway announced his decision to cut ties with a coalition of influential cryptocurrency super PACs. The move came after the PAC committed $12 million to opposing Sen. Sherrod Brown (D-Ohio), a decision Conway said he was not informed about in advance. Read the full article here.
See also: Bitcoin, Ethereum, Dogecoin welcome weekend with ‘golden cross formation’, trader says ‘cycle could surpass 2016-2017 cycle’
Senator Cynthia Loomis doubts Kamala Harris’ support for crypto – Sen. Cynthia Loomis (R-Wyo.), a prominent cryptocurrency and bitcoin advocate, says there is nothing to suggest Democratic presidential candidate Kamala Harris will support the industry. Loomis contrasted the Democratic Party’s position with the Republican Party’s platform, which promised to protect and promote cryptocurrency activities in the country. Read the full article here.
Crypto industry invests $119 million in 2024 elections – The cryptocurrency industry has reportedly committed a staggering $119 million to the 2024 presidential election in a coordinated effort to promote industry-friendly candidates. Major companies, primarily Coinbase and Ripple, have funneled the majority of these funds almost exclusively into Super Political Action Committees (PACs) dedicated to promoting cryptocurrency candidates. Read the full article here.
Anthony Scaramucci predicts Bitcoin to hit $100K – Anthony Scaramucci, CEO of investment firm SkyBridge Capital, expressed optimism about Bitcoin’s progress this year and hopes the leading cryptocurrency will reach $100,000. Scaramucci recalled how Bitcoin was “destroyed” in the fall of 2022 and how the ETF’s regulatory approval earlier this year helped boost demand and sentiment. Read the full article here.
Read next: Amid heated battle between Trump and Harris, crypto industry pours ‘unprecedented’ $119m into 2024 election – Here are the top donors
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This story was generated using Benzinga Neuro and edited by Anan Ashraf.
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