Is an ‘Uptober’ Bitcoin Price Rally Imminent?
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October has historically been a strong month for bitcoin prices, with an average increase of 22% since 2013; bitcoin's price rose to $65,000 after a 50 basis point rate cut by the Federal Reserve; Federal Reserve Chairman Jerome Powell stated the U.S. economy is in a good place; analysts predict October and November will rally if economic indicators remain strong; November has seen an average increase of 47% in bitcoin prices; key economic data releases in October will influence Fed's decisions; the Fed has meetings scheduled for November and December 2024; CME FedWatch indicates a 51% chance of another rate cut in November; four catalysts for October include monetary policy, U.S. economy, the 2024 presidential election, and institutional demand; Kamala Harris expressed support for the crypto industry; Donald Trump aims to make the U.S. a crypto capital; institutional demand is expected to rise with the approval of bitcoin ETFs.

#Bitcoin #Uptober #FederalReserve #2024Election #Cryptocurrency #MarketTrends #Investing #Economy #Etfs #InterestRates

https://unchainedcrypto.com/is-an-uptober-bitcoin-price-rally-imminent/ 

 Donald Trump Reiterates Support for Crypto Industry During Debut of World Liberty Financial
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Donald Trump expressed strong support for the U.S. crypto industry during a live X Space event on September 16, 2024, from Mar-A-Lago, Florida; He criticized the SEC and the Biden-Harris administration for being hostile towards crypto; Trump claimed that Democrats are hindering the U.S. from becoming the world capital of crypto, warning that China could take over; He acknowledged the need for a legal framework for crypto but stated that it should have safeguards; Trump revealed details about his DeFi project, World Liberty Financial (WLF), which aims to make lending and credit more accessible; The project was previously named 'The Defiant Ones' and announced in August 2024; WLF's governance token, WLFI, will allocate 63% to the public, 17% to users, and 20% to the executive team; Trump mentioned that his sons, especially Barron, influenced his interest in crypto; The project has faced skepticism due to the inexperience of its promoters; WLF is working with security experts to address concerns; Folkman cautioned against scams in the crypto space.

#DonaldTrump #Crypto #Defi #WorldLibertyFinancial #Sec #Bidenharris #Nft #Wlfi #Regulation #2024PresidentialElection

https://unchainedcrypto.com/donald-trump-reiterates-support-for-crypto-industry-during-debut-of-world-liberty-financial/