Bitcoin (BTC) has slipped below the $69K mark amidst fluctuating political conditions, coinciding with a notable prediction by Bernstein that ties potential BTC movements to election outcomes. BTC's price could dip to $50K if Harris wins and rise as high as $80-90K if Trump is successful.
Despite this volatility, prominent crypto influencer Cobie confidently asserts that BTC will reach $100K irrespective of political influences. Meanwhile, the market is set to see $2.8 billion of altcoin unlocks this month, further contributing to market fluctuations.
Globally, significant strides are being made in the regulatory and technological landscape, with 21Shares applying for an XRP ETF and UBS launching a tokenized fund on the Ethereum blockchain. Singapore is proposing tokenization rules for real-world assets.
In stablecoin developments, Circle is considering the issuance of a new stablecoin in Hong Kong, and Tether has launched a Dirham-backed stablecoin on the TON network.
Additionally, Tron records its second-highest revenue month, with Solana witnessing 120 million active addresses recently. EIGEN has been struggling as Ethereum researchers depart. Lastly, exchange giants like Coinbase and Binance are under scrutiny for their listing fee policies.
