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

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ODAILY
07-24
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Odaily Odaily News: Traders expect Bitcoin's current price action to remain calm until new comments from U.S. presidential candidates are made, which could reveal the country's cryptocurrency regulatory outlook. "The market is still waiting for some key catalysts to play out, and is in a 'wait-and-see' mode before Trump's speech at the Nashville Bitcoin Conference on July 25, where he is expected to announce that Bitcoin is used for national reserves. If this really happens, it will trigger a parabolic rise in Bitcoin prices," said Alice Liu, director of research at CoinMarketCap, in an email. (CoinDesk)

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