BITPRISMIA
India has established a Bitcoin Policy Research Institute to study blockchain technology and cryptocurrencies, aiming to inform policy decisions, promote fiscal sovereignty, and drive Bitcoin adoption while mitigating risks.
Bitcoin and ether are nearing record highs, with market conditions and broader capital markets providing supportive momentum for a sustained rally.
Ethereum has surpassed $4,500, driven by multiple factors including ETF inflows, institutional adoption, and supply constraints, with potential for further growth in the altcoin bull market.
BCA Research recommends an underweight position on the Brazilian Real due to domestic and international economic challenges, signaling potential depreciation against the USD and broader implications for emerging market currencies.
BCA Research predicts a significant decline in the US dollar due to factors like monetary policy divergence, trade deficits, and a shift in global economic power, which could impact forex markets and investment strategies.
Bitcoin and the broader crypto market experienced significant declines, with altcoins suffering deeper losses, while BTC retained relative strength. Market conditions are influenced by macroeconomic factors and regulatory developments.
The article discusses the Figma IPO's significant price surge and critiques the traditional IPO process, comparing it to crypto market dynamics, while also mentioning SEC Chair Paul Atkins' 'Project Crypto' initiative aimed at fostering crypto innovation.
BCA Research predicts a multi-year rally for the Japanese Yen, driven by fundamental economic rebalancing and policy normalization by the Bank of Japan.
10x Research warns of potential Bitcoin price weakness in August due to historical seasonal trends and declining on-chain capital inflows, though past post-halving years have shown resilience.
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