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In a recent memo, Bitwise CIO Matt Hougan highlighted the shifting political landscape in the United States regarding cryptocurrencies. He noted that the market is currently underestimating the significance of Washington’s evolving attitude toward crypto. According to Hougan, if the impact of these changes had been priced in, the market would have already hit a
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The US Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin 121 (SAB 121) is facing potential obstacles due to an upcoming House Appropriation budget. According to FOX Business reporter Eleanor Terrett, the budget includes a policy rider that prohibits the SEC from using appropriated funds to implement or enforce SAB 121. This could significantly
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The cryptocurrency market is eagerly anticipating a bull run later this year, with Bitcoin and altcoins already showing signs of responding positively. Crypto analyst, Crypto Emily, has shared her predictions regarding the price movements of six major cryptocurrencies, providing insight into what the future may hold for investors. Crypto Emily’s analysis begins with Bitcoin, the
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XRP price has shown signs of a gradual upward trend from the $0.5080 zone, indicating a potential bullish momentum if it manages to break above the $0.5250 resistance level. The cryptocurrency is currently making efforts to surpass the $0.5120 zone and is trading above $0.5150 along with the 100-hourly Simple Moving Average. A significant development
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XRP has been a cause for concern among investors due to its stagnant price movement. Despite the significant bull markets in recent years, XRP has failed to show significant growth. Many have lowered their expectations for this altcoin, but one analyst believes that there may be hope on the horizon. Crypto analyst CryptoManiac101 recently shared
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Recently, Ethereum has been facing a downward trend in its price, struggling to maintain above the $3,840 support level. The cryptocurrency has failed to show significant bullish momentum, with the price trading below both the $3,840 mark and the 100-hourly Simple Moving Average. This lack of bullish movement has raised concerns among investors and traders
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