Jamie Crawley is a CoinDesk news reporter based in London.
It has added 1.45% in the last 24 hours while the broader crypto market has risen 1.15%, as measured by the CoinDesk 20 Index. This week, traders will be eyeing the U.S. release of August's CPI and PPI data on Wednesday and Thursday respectively. Before then, on Tuesday, Donald Trump goes head to head with Kamala Harris in the first debate between the presidential candidates ahead of November's election. Trump has said he aims to make the U.S.
A Harris victory, on the other hand, could see it test the $30,000-$40,000 range. Bernstein noted Trump's vocal support for BTC, wishing to make the U.S. the"bitcoin and crypto capital of the world," and having mentioned cryptocurrency in every policy speech he has made.
Traders currently assign less than a 30% probability to the Fed cutting rates by 50 basis points next week.
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