The end of a long, U.S. holiday weekend, the release of June Federal Reserve minutes offering some detail on the central bank's current thinking about monetary policy and crypto-favorable comments by BlackRock CEO Larry Fink left bitcoin largely unstirred from its current resting place well above $30,000.
In an email to CoinDesk, Tim Frost, the CEO of digital wealth platform Yield App, wrote that the crypto market was likely transitioning from the 18-month bear market to more promising times. Frost noted parallels in the crypto 2019 crypto market when bitcoin stalled after emerging from a crypto winter before spiking again the following year.
Frost added that macroeconomic signals and crypto industry trends were pointing positively, including recent declines in inflation, the unveiling of a quantitative easing program in China, increased regulatory clarity in Singapore, Korea and Thailand to prevent the type of asset co-mingling that led to the implosion of disgraced exchange giant FTX and subsequent contagion.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »