According to BlockBeats, traders expect Bitcoin's current price trend to remain stable until new comments from a US presidential candidate are made, which could shed light on the country's cryptocurrency regulatory outlook.

Alice Liu, Head of Research at CoinMarketCap, stated, 'The market is still waiting for some key catalysts to take effect. Before Trump's speech at the Nashville Bitcoin Conference on July 25, the market is in a 'wait-and-see' mode. It is anticipated that he might announce Bitcoin being used for national reserves. If this indeed happens, it will trigger a parabolic rise in Bitcoin prices.'