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Biden’s #Crypto Flip Flop at Consensus 2024: Genuine Shift or Political Move? . . . Read more At #Consensus 2024, everyone is buzzing about President Biden’s sudden change in attitude towards cryptocurrencies. Known for being cautious, Biden recently showed support for #blockchain and digital currencies. This shift seems to come from recognizing crypto’s growing role in the global economy and pressure from industry leaders and voters. -Biden now talks about making clearer rules and encouraging banks to use blockchain. But some people doubt if he really means it, given his administration’s past tough stance on crypto and the upcoming elections. At Consensus 2024, there’s a big debate: Is Biden truly embracing crypto, or is he just trying to win over tech-savvy voters? No matter the reason, his new position has sparked fresh interest and discussions about the future of #Cryptocurrencies in the U.S. #Biden

Biden’s #Crypto Flip Flop at Consensus 2024: Genuine Shift or Political Move?

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Read more

At #Consensus 2024, everyone is buzzing about President Biden’s sudden change in attitude towards cryptocurrencies. Known for being cautious, Biden recently showed support for #blockchain and digital currencies. This shift seems to come from recognizing crypto’s growing role in the global economy and pressure from industry leaders and voters.

-Biden now talks about making clearer rules and encouraging banks to use blockchain. But some people doubt if he really means it, given his administration’s past tough stance on crypto and the upcoming elections.

At Consensus 2024, there’s a big debate: Is Biden truly embracing crypto, or is he just trying to win over tech-savvy voters? No matter the reason, his new position has sparked fresh interest and discussions about the future of #Cryptocurrencies in the U.S.

#Biden

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Two Cryptos to Watch: #Ethereum and #Solana Poised for Growth Beyond #Bitcoin . . After Bitcoin hit an all-time high of $73,750 in mid-March, investors were eager to see it skyrocket past $100,000. However, Bitcoin has hovered around the $70,000 mark, prompting investors to seek alternatives. Two cryptocurrencies to watch are Ethereum (ETH) and Solana (SOL), both poised for potential growth in 2024 regardless of Bitcoin's performance. $ETH Ethereum's recent catalyst is the approval of eight new spot Ethereum ETFs, set to start trading soon. This could attract significant new investment, with JPMorgan Chase predicting up to $3 billion and K33 Research estimating up to $4 billion over the next six months. Ethereum, already up 70% this year, might outperform Bitcoin due to this ETF boom and continuous tech upgrades to its blockchain. $SOL Solana has also seen a 70% rise this year, following a 900% surge in 2023. Its metrics show tremendous growth in users, transaction activity, and ecosystem size. Known as the go-to blockchain for launching meme coins, Solana benefits from widespread consumer adoption and free marketing from celebrities launching their own coins. This growth is independent of Bitcoin's performance, allowing Solana to thrive even if Bitcoin trades sideways. Layer 1 Investment Thesis Both Ethereum and Solana are Layer 1 blockchains, foundational to the blockchain ecosystem. As key players in NFTs, DeFi, and blockchain gaming, they stand to benefit significantly from a crypto bull market rally. Even if you’re uncertain about Bitcoin, Ethereum and Solana offer compelling alternatives with their strong growth potential and integral roles in the blockchain world. Investing in these cryptocurrencies could be a smart move as they remain crucial to the broader crypto landscape, promising substantial returns regardless of Bitcoin's future movements. #cryptonewstoday #ETHETFsApproved
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A significant selloff on Friday dragged #Bitcoin below $70,000 same thing with the coins below 👇🏾 🟢Receive your free gift 🎁 ❤️ . $BTC $PEPE $SHIB ... As expectations for lower U.S. interest rates were dashed and a sharp drop in GameStop shares soured the mood across the cryptocurrency market. Bitcoin, which had been nearing an all-time high earlier in the day, retreated, erasing most of its weekly gains. The broader cryptocurrency market experienced even larger losses, reflecting a cooling of speculative fervor.Despite the downturn, spot Bitcoin ETFs are experiencing their largest accumulation streak since their inception. However, this wasn’t enough to maintain Bitcoin's upward momentum. Over an 18-day streak, the #ETFs have accumulated more than 56,000 bitcoins, nearly seven times the amount mined in that period, according to HODL Capital.Meanwhile, GameStop shares fell 40% during the session, contributing to a 50% drop in the GME meme coin from its earlier highs. Other meme coins also took a hit, with #Dogecoin (DOGE) down 8%. Shiba Inu (SHIB) dropping 10%. #pepecoin🐸 (PEPE) falling 15%. Bitcoin bulls are now questioning what it will take for a sustained breakout, as the recent inflows into ETFs have yet to translate into lasting price increases. #ETHETFsApproved
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