US Presidential Debate Skirts Cryptocurrency Discussion as Bitcoin Price Stagnates

Headline
▌First U.S. Presidential Debate in 2024 Does Not Mention Cryptocurrency
base posted on social media that the first presidential debate just ended and cryptocurrency was not mentioned With 52 million Americans and 19% of Georgians owning cryptocurrency, it is time to ensure it becomes part of future discussions.
▌Bitcoin Stagnates Due to Inflation and Stock Market Rally
Despite inflation easing as and stock indices rising, Bitcoin continues to struggle. After the release of Personal Consumption Exitures (PCE) price index data, the Dow Jones Industrial Average, S&P500 Index, and Nasdaq 100 Index all saw gains of 0.23%, 0.39%, and 055% respectively. In contrast, the price of Bitcoin dropped below $61,000. Market participants have closely monitoring inflation data to predict when the Federal Reserve will begin tapering, which is seen as favorable for riskier long-term investment portfolios. Bitfinex analysts state that uncertainty and volatility have characterized the Bitcoin market since Wednesday’s presidential debate between Donald Trump and Joe Biden.
Market Data
As of writing according to Coingecko:
The recent trading price for BTC is $60,95704 with a daily change percentage of -2%;
The recent trading price for ETH is3,396.92 with a daily change percentage of -2.25%;
The recent trading price for BNB is $570.7 with a daily change percentage of -2.36%;
The recent trading price SOL is $142。11 with a daily change percentage of -5。39%;
The recent trading price for DOGE is $0。1242 with a daily change percentage of -3。12%;
The recent trading price for XPR is $0。4747 a daily change percentage 担-0。81%
。
Policy
▌Stablecoin Rules in EU Cryptocurrency Market Legislation Effective June 30th
The European Banking Authority stated plans to release its final report on how to monitor stablecoin issuers at the end of this month.Tether,Circle,and other major stablecoin issuers will soon face strict regulations from EU.As per new rules effective June30th,the companies not only need proper authorization to operate within trade zones across27 countries,but face strict limits on transaction volumeand value under Markets in Crypto-Assets(MiCA) legislation.Robert Kopitsch,the Secretary-Generalof BlockchainforEurope,statedthat these rules mean someoftheEU’s largest stablecoin issuers, including Tether and Circle, may not be able to operate within the European Union.