CMC Research Director: Crypto Market Still Waiting for Key Catalysts to Work, Need to Pay Attention to Trump's Speech

Traders expect Bitcoin’s current price action to remain calm until new comments from U.S. presidential candidates could shed light on the future of cryptocurrency regulation in the country.

Alice Liu, head of research at CoinMarketCap, said in an email: "The market is still waiting for some key catalysts to play out and is in a 'wait and see' mode ahead of Trump's speech at the Nashville Bitcoin Conference on July 25, where he is expected to announce that Bitcoin is being used for national reserves. If this actually happens, it will trigger a parabolic rise in Bitcoin prices." (CoinDesk) #DYOR42711