CoinSpotMarket Update
How Trump & Biden Are Targeting Crypto Voters
3 minutes
4 months ago
3 minutes
4 months ago
Market sentiment has fallen to its lowest level (30) in more than one year, as per the Fear & Greed Index, the industry’s most widely used sentiment metric
MicroStrategy, the largest publicly listed corporate holder of Bitcoin, announced last week that it purchased another 11,931.
It now owns approximately 226,331 BTC or 1.07% of the total supply. At the time of writing, this amount is worth nearly $21 billion.
What happened: Presidential candidate Trump has started pushing for the U.S. to be a leader in crypto, pledging to “end Joe Biden’s war on crypto.”
Why this matters: Trump and Biden have historically opposed crypto. These updated views improve the chances that the U.S. gets the fair and comprehensive laws that the industry has long desired, likely unlocking crypto’s next phase of growth.
Toncoin (TON), a cryptocurrency with close ties to Telegram, broke into the top 10 cryptocurrencies by market cap earlier this month. TON has climbed by 8.1% over the past 14 days; an outlier amid a broader market sell-off.
