As of early August 2024, here are some of the top news in the cryptocurrency market:
Bitcoin Market: Bitcoin is facing bearish pressure as resistance at $62,000 remains strong and the RSI shows weakness in the uptrend. Many analysts predict that Bitcoin could fall to $54,000-$55,000 or lower.
Policy News: Russian President Vladimir Putin has signed a bill legalizing cryptocurrencies, allowing trading and mining of cryptocurrencies. The law will come into effect in 10 days and regulations related to mining will start from November 1, 2024.
Kamala Harris Political Strategy: Kamala Harris' campaign has created the "Crypto For Harris" group to garner support from the crypto community in the 2024 presidential race. They plan to hold meetings with prominent crypto industry figures such as Mark Cuban and Anthony Scaramucci.
NFT and DeFi News: The NFT and DeFi markets continue to grow with many new projects. In particular, DeFi applications are attracting attention with decentralized finance solutions becoming increasingly popular.
Blockchain Technology Development: Many major tech companies are investing in new blockchain solutions, highlighting the technology's growing adoption in areas beyond cryptocurrencies, such as supply chain and data management.
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