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JIN10
2024.08.20 02:45
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1. Bernstein: If Trump wins, Bitcoin prices may bottom out. 2. The adoption rate of cryptocurrencies surged by 6 in the first half of 2024

According to Bernstein's analysis, if Trump wins the presidential election, the price of Bitcoin may hit bottom. In addition, the adoption rate of cryptocurrencies is expected to increase by 6.4% in the first half of 2024, mainly driven by Bitcoin and Ethereum. The latest agenda of the Democratic Party in the United States does not mention cryptocurrencies. At the same time, the total open interest of Bitcoin contracts across the network has risen to $30.13 billion. Market sentiment is significantly bearish, with a focus on yen arbitrage risks, and investors are showing strong interest in Bitcoin mining companies shifting towards artificial intelligence

  1. Bernstein: If Trump wins, the price of Bitcoin may hit bottom.

  2. The adoption rate of cryptocurrencies surged by 6.4% in the first half of 2024, mainly driven by the growth of Bitcoin and Ethereum.

  3. The US Democratic Party did not mention any content related to cryptocurrencies in its latest party platform.

  4. The "Two Highs" issue the latest judicial interpretation: virtual asset trading will be listed as one of the money laundering methods.

  5. The total open position of Bitcoin contracts across the network rose to $30.13 billion.

  6. Coinbase: The US presidential election may be decided by young cryptocurrency voters.

  7. QCP Capital: Cryptocurrency market sentiment is significantly bearish, focusing on yen arbitrage risks.

  8. Bernstein: Investors' interest in Bitcoin mining companies shifting to artificial intelligence is increasing.

  9. TD Cowen: Harris may implement stricter cryptocurrency investor protection measures than Trump.

  10. Q2 spot Bitcoin ETF institutional holder statistics: IBIT increased by 34% month-on-month, FBTC increased by 25% month-on-month.

  11. The US is considering amending the "Bank Secrecy Act" to strengthen financial institutions' reporting requirements for cryptocurrency transactions.

  12. Bitcoin spot ETF had a net inflow of $32.58 million last week, while Grayscale ETF GBTC had a net outflow of $195 million

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