According to TechFlow, on July 24, Coindesk reported that Alice Liu, head of research at CoinMarketCap, said that the crypto market is currently in a "wait-and-see" state, and traders expect Bitcoin's price trend to remain calm until the US presidential candidates make new comments. Liu pointed out that the market is waiting for some key catalysts to play a role, especially Trump's speech at the Nashville Bitcoin Conference on July 25. She predicted that Trump might announce that Bitcoin is used for national reserves. If this news is true, it will trigger a parabolic rise in Bitcoin prices.