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Share link:In this post: Bitcoin’s stuck trying to stay above $65,000, bouncing between resistance and support levels, with no strong buying pressure to break through. Market indicators are giving mixed signals, with some hints at a potential reversal, but overall momentum remains bearish. External factors like the stock market crash, Mt. Gox repayments, and macroeconomics are adding to Bitcoin’s struggle.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for a
Share link:In this post: Ethereum and Layer 2 blockchains have seen a massive 127% increase in daily active addresses, showing a big jump in user engagement. Despite more transactions and lower fees, Ether’s price dropped by 6% in Q2, but it still did better than Bitcoin. Layer 2 solutions are popular for their speed and lower costs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We str
Share link:In this post: Jersey City plans to invest part of its pension fund in Bitcoin ETFs, following a similar move by Wisconsin’s pension fund. Cities like Los Angeles, Houston, and Nashville are already deep into cryptocurrency, with LA having the most Bitcoin ATMs worldwide. States like Wyoming and Texas are creating friendly environments for crypto businesses, while Miami is embracing the trend with its MiamiCoin.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no
ETH is among the poorest performers on a daily scale amid massive ETF outflows.
- 21:39Trump administration sued in U.S. Court of International Trade over tariffsA legal advocacy group filed a petition with the U.S. Court of International Trade on Monday to block sweeping tariffs imposed by President Trump on foreign trading partners on the grounds that the president exceeded his authority. The lawsuit was filed by the Liberty Justice Center, a legal advocacy group, on behalf of five U.S. businesses that import goods from countries affected by the tariffs." No individual has the authority to impose a tax that has such a large impact on the global economy," Jeffrey Schwab, senior counsel at the Liberty Justice Center, said in a statement. “The Constitution gives Congress the power to set tax rates (including tariffs), not the president.”
- 21:38U.S. Treasury Secretary: no evidence sovereign investors are dumping U.S. assetsU.S. Treasury Secretary Ben Bessent says he doesn't think there's a sell-off of U.S. assets in the bond market. It's one of those shocks that the trading community occasionally encounters. I've seen an increase in foreign competition in U.S. debt auctions. The dollar remains the global reserve currency. There is no evidence that sovereign investors are selling U.S. assets.
- 21:09Trump: support for El Salvador's detention of U.S. citizens for violent crimesPresident Donald Trump reiterated his desire to extend the “deportation program” to U.S. citizens and his support for El Salvador's detention of U.S. citizens for violent crimes in a meeting with El Salvador's President Bucher. In a video posted by Bucher on social media on the same day, Trump said he wanted to send “natives” to El Salvador to serve their sentences, adding that El Salvador “would have to build five more places,” implying that El Salvador's prison capacity was insufficient to accommodate all the U.S. citizens Trump wanted to send there. all U.S. citizens there. Previously, Trump had said on Feb. 4 that the U.S. government was investigating the legality of sending violent and dangerous U.S. criminals to prisons abroad.