Market Overview

Bitcoin's Recent Performance

Bitcoin has recently traded within a range of $65,200 to $65,800, showing a slight increase of about 0.9% in the last 24 hours. The digital asset market's overall performance is reflected in the CoinDesk 20 Index, which has risen by 1.5% during this period.

Regulatory Insights

The attention shifted to Vice President Kamala Harris on Monday as her campaign hinted at the potential for a new regulatory framework directed at cryptocurrencies under her administration. Notably, however, her recent speech did not cover the topics of cryptocurrency or blockchain.

Market Stability

A rise in Bitcoin ETFs has been witnessed, with a reported $556 million in inflows on Monday, indicating robust investor interest. Fidelity's FBTC led with the highest inflow worth $239 million. Traders on platforms like Polymarket indicate a rising probability of Bitcoin reaching new all-time highs by 2024.

Industry Developments

In a separate announcement, SingularityDAO plans to merge with Cogito Finance and SelfKey to create an AI-focused financial entity. This consolidation aims to enhance liquidity in the AI economy and the adoption of tokenized assets.

Latest Prices

• Bitcoin (BTC): $64,424.83 (+0.77%)
• Ether (ETH): $2,594.12 (+2.11%)
• Gold: $2,652.24 (+0.11%)

Conclusion

As Bitcoin stabilizes, market participants continue to anticipate regulatory guidance that could define the future of cryptocurrencies in the U.S.