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Institutional investors are not particularly concerned about bitcoin's volatility
Despite fluctuations in the price of the first cryptocurrency, major players continue to show steady interest in this asset. This was stated by Andre Dragos, Head of Research at Bitwise in Europe, in an interview with The Block.
An expert stated the condition for Bitcoin to reach the $100,000 mark
Michael Terpin, the founder of Transform Ventures, believes that the leading cryptocurrency will surpass this level if Donald Trump wins the U.S. presidential election, according to CoinDesk.
Former Fed Official Urges Fed to Cut Rate in July
The Fed should lower interest rates, preferably at the meeting on July 31, former New York Fed President William Dudley said in an interview with Bloomberg.
Since the beginning of July, investments in cryptocurrency products have exceeded $3 billion
From July 13 to 19, inflows into cryptocurrency investment products amounted to $1.35 billion, slightly lower than the previous week's $1.44 billion. According to CoinShares, the total volume since the beginning of July has reached $3.24 billion.
Bitwise has predicted that Ethereum will rise above $5000 after the launch of ETFs
Bitwise predicts that after the launch of ETFs based on Ethereum, its price will exceed $5000. CoinDesk reports this, citing a company report.