Coinedition
Crypto industry leaders push for clear regulations ahead of the 2024 U.S. election. Kamala Harris gains strong financial backing from Silicon Valley’s tech and crypto donors. SEC leadership changes expected, with both candidates likely to appoint pro-crypto figures.
Dogecoin shows bullish potential if it maintains above $0.168, eyeing resistance levels. Shiba Inu may face selling pressure if it drops below the crucial $0.00001852 support. Both DOGE and SHIB exhibit bullish momentum, indicating a cautious outlook for traders.
BTC-JPY volatility surpasses BTC-USD for the first time since 2022, driven by yen instability. Japanese yen struggles post-election, leading to increased BTC-JPY volatility and investor caution. U.S. election may impact BTC-USD, as markets brace for potential post-election volatility.
Crypto holders in the UK may face increased tax rates. UK capital gains tax on crypto mirrors stock taxation rates. Cryptocurrency holders can’t use ISAs for tax protection.