Crypto Daybook Americas: Bitcoin Holds Firm Ahead of Jobs Data as Eric Trump Backs BTC
A comprehensive overview of the state of cryptocurrency markets ahead of significant U.S. job data, including insights into Bitcoin's stability.
Overview
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Market Condition
Bitcoin (BTC) remains under $100,000, following a notable endorsement from Eric Trump urging investment in BTC. Typically, such endorsements prompt increases, but the current market appears more cautious. An upcoming jobs data report is causing market hesitation, with speculation about its potential to cause significant movement.
Notable Developments
- House Bill: The “Strategic Bitcoin Reserve” bill has passed in Utah.
- Grayscale: The U.S. SEC has acknowledged Grayscale’s Solana filing.
- Market Predictions: VanEck predicts Solana (SOL) may hit $500.
- Stablecoin Regulation: French Hill and Bryan Steil released a discussion draft on stablecoin regulation.
- Berachain: The BERA token launch recorded a trading volume of $4.8 billion.
What to Watch
- Crypto Events: Keep an eye on significant dates like Kraken delistings and FTX reimbursements.
- Earnings Announcements: Various companies like Canaan and HIVE Digital will announce results soon.
Bitcoin Stats
- BTC Dominance: 61.62
- Total Fees: 5.17 BTC / $514,435
Chart of the Day
Combined market cap of USDT and USDC
The combined market capitalization of top two stablecoins, USDT and USDC, continues to grow, hinting at bullish prospects.
