Bitcoin Futures, Next Bullish Move Preparing?

  

Bitcoin, as the largest cryptocurrency, continues to attract the interest of investors from various circles. One of the interesting aspects of Bitcoin is the futures market which allows traders to speculate on the price of Bitcoin without needing to buy or sell physical coins.

This article will discuss the increase in Bitcoin open interest along with an analysis of the Bitcoin futures market. Read to the end to understand the entire explanation.

Bitcoin Futures Market Analysis

Recent analysis suggests that the Bitcoin futures market may be heading into its second bullish phase. Data from CryptoQuant shows increased leverage in the  BTC USDT futures market, which could be an indication of potential significant price movements.

Source: @ki_young_ju/X

Ki Young Ju, CEO of CryptoQuant, analyzed two important metrics: the ratio of BTC-USDT open interest to reserves and the ratio of BTC-USDT open interest to USDT market capitalization. These two metrics indicate a significant increase in leverage in the Bitcoin futures market.

Increased Open Interest

Bitcoin (BTC) open interest reached a staggering $19.8 billion at 574,680 BTC on October 15. Data from CryptoQuant reflects a significant increase in demand for the largest cryptocurrencies, indicating how much new money has entered the digital asset market in recent months.

The funding rate has surged to the highest level since August, indicating that most of those open positions are long positions expecting further appreciation.

While an increase in open interest is usually a positive indication for Bitcoin price action, some market observers have expressed concerns that increased volatility could be threatened.

The highly leveraged nature of the futures market will eventually pave the way for large-scale liquidations if and when sudden price swings occur.

According to data from Glassnode, a large number of Bitcoin futures contracts are cash-margined and not crypto-margined, meaning they are collateralized by US dollars or dollar-pegged stablecoins and not the cryptocurrency itself.

Bitcoin Price Increase Potential

Source: Market Futures Bitrue

At the moment, Bitcoin price in the Bitrue futures market it was at $67,764 with an increase of 0.78%. Previously, within 24 hours, Bitcoin reached its highest price in the futures market at $68,353.

It can be seen from the BTC price chart excerpt above that the RSI value is 63, which means a trend to buy Bitcoins is much more dominant than the selling trend. However, this dominance is still within reasonable limits, not overbought.

The MACD line appears to have a downward trend, but the position of the line which is still above the threshold indicates that the BTC position is currently strong in its bullish possibility.

An increase in open interest can be a positive indication of Bitcoin's potential price increase. However, keep in mind that the crypto market is highly volatile, and factors such as changes in regulatory policies and technological developments can affect the price of Bitcoin.

Risks to be Aware of

The crypto market is known for its high volatility, so the price of Bitcoin can experience sharp fluctuations. Changes in regulatory policies can also affect Bitcoin prices.

Using leverage can increase potential profits, but also increases the risk of loss. Apart from that, Bitcoin also faces competition from other cryptocurrencies. 

Conclusion

The increase in Bitcoin open interest shows the high interest of investors in the futures market. However, keep in mind that high open interest can also increase the risk of volatility. If the market moves against a trader's position, massive liquidations can occur.

For those of you who are interested in investing in Bitcoin in the futures market, do not immediately invest without studying current market conditions. Do your own research (DYOR) by knowing price statistics, price conversions from BTC to USD, and how the project is progressing. Knowing the fundamentals of a token is also very good for knowing where you stand as an investor.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES

Asuene APAC received the "Singapore Apex Corporate Sustainability Awards" at the 16th GCNS Summit 2024, hosted by the UN Global Compact Network Singapore

  

From left to right: Mr. Bertrand Seah, Senior Consultant at CBRE Singapore; Mr. Masaaki Hamada, Managing Director of Asuene APAC; Dr. Poh-Koon Koh, Senior Minister of State at the Singapore Ministry of Sustainability and the Environment, our Guest of Honor; and Dr. Bicky Bhangu, President of the UN Global Compact Network Singapore.

The Singapore Apex Corporate Sustainability Awards features three categories: "SustainableBusiness," "Sustainable Solutions," and "LowCarbonSG." In each category, 5 to 7 companies are nominated as finalists. Asuene APAC won the Singapore Apex Corporate Sustainability Award in the "Sustainable Solutions" category.

This award is given to solution providers that have contributed to advancing sustainability in society and businesses across the APAC region, particularly in Singapore. Asuene APAC has worked tirelessly to promote its cloud service "ASUENE," a carbon accounting platform, both domestically and regionally. The company’s efforts in promoting corporate decarbonization, along with its promising future potential, were key factors in receiving this honor.

At the award ceremony held at the One Farrer Hotel in Singapore, Masaaki Hamada, ManagingDirector of Asuene APAC, took the stage to receive the award from the Guest of Honor, Dr. Poh Koon Koh, Senior Minister of State for Sustainability and the Environment.

Asuene will continue to support global decarbonization and ESG management from our headquarters in Tokyo, our regional office in Singapore, and our base in the United States.

Together with the Senior Minister, we celebrate Asuene APAC as a finalist in the 'Sustainable Solutions' category

About the GCNS Summit

The GCNS Summit is an event organized by the Singapore chapter of UN Global Compact, focusing on corporate sustainability. This year marks the 16th edition of the summit, known as "GCNS Summit 2024."

Due to climate change and environmental degradation, there is a growing momentum for mandatory environmental, social, and governance (ESG) reporting, including the visualization of CO2 emissions. As a result, the role and responsibility of businesses are increasingly significant.

Achieving net-zero by 2050 requires a fair transition to more sustainable business models.

In this context, the GCNS Summit serves as a platform for meaningful dialogue, collaboration, and action to promote the United Nations Sustainable Development Goals (SDGs) in the Asia-Pacific region, emphasizing the urgency and commitment needed to achieve these goals.

Over the two-day event, influential figures in corporate sustainability from the APAC region, including the President of the UN Global Compact Network Singapore and other board members, delivered speeches and presentations. The summit also included the awarding ceremony for the "Singapore Apex Corporate Sustainability Awards," which Asuene APAC received.

GCNS Summit - Global Compact Network Singapore: https://summit.unglobalcompact.sg/

Comment from Masaaki Hamada, Managing Director of Asuene APAC

"This award represents a significant milestone for Asuene APAC. The UNGC is one of the most prestigious international organizations globally, and its Singapore chapter, GCNS, undertakes a wide range of activities related to promoting SDGs in society and business, including awareness initiatives and talent development. GCNS holds considerable influence over national policies and the business community. Receiving the esteemed 'Singapore Apex Corporate Sustainability Awards' from GCNS will further enhance the trust and recognition of the Asuene APAC brand both domestically and regionally. I would like to express my heartfelt gratitude to our employees, clients, and partner companies who have trusted us and contributed to our growth."

This Press Release has also been published on VRITIMES

‘Going green’: MSMEs commit to go plastic-free, ties up with Greenpeace and DTI-NCR

Micro, Small and Medium Enterprises (MSMEs) may seem miniscule, but a growing number of them are determined to show larger companies that greening the manufacturing and retail sector should be everyone's business.

In an event titled "Reduce, Reuse, Refill: 3Rs to End Plastic Pollution," environmental advocates, the Department of Trade and Industry (DTI) and progressive business groups enjoined other MSMEs to reduce their production and consumption of single-use plastics (SUPs) and adopt more sustainable practices. Said initiative aims to build the capacity of MSMEs to lead the shift toward environmentally responsible business operations.

This brought MSMEs to the Las Piñas-Parañaque Wetland Park (LPPWP) for a field immersion and discussion on Tuesday. The LPPWP, which is home to over 41 migratory bird species and the threatened and endemic Philippine duck,[1] faces severe threats from plastic pollution. The activity sought to raise awareness among local businesses about the destructive impact of SUPs on ecosystems and communities.

"Small businesses are doing their part in decreasing reliance on single-use plastics, and are proving that it is possible,” said Marian Ledesma, Zero Waste Campaigner for Greenpeace Philippines. “There’s no excuse for major corporations not to follow suit.”

MSMEs comprise 99.59% of all business establishments in the Philippines.[2] According to Ledesma, the potential behind their considerable numbers play a pivotal role in sparking changes in the industry. “This includes transitioning prevailing business models away from SUPs and influencing consumers in their respective communities,” she continued.

Participants in the event included fisherfolk, community members, and waste workers who shared firsthand experiences of how plastic pollution affects food security, environment and livelihood. Over 164 million plastic sachets and 57 million shopping bags are discarded every day[3] in the Philippines and much of which are not recycled.[4] Instead, they end up in landfills or waterways, contributing to pollution and the climate crisis.

“Sinisira [ng mga plastic] ang aming mga gamit pangingisda at itinataboy ang mga isda sa malayo. Dagdag perwisyo sa panggastos sa gasolina. Natatabunan at pinapatay [nito] ang mga bahay itlugan, bahura, bakawanan, at mga halamang dagat,” shared PANGISDA Pilipinas Chair Pablo “Ka Pabs” Rosales.

“Nanawagan kami sa ating makakalikasang mga negosyante, na pangunahan ang pag-iwas sa… single-use plastic na siyang pinakamarami sa karagatan at kalat sa kapaligiran. Suportahan ang pagsisikap ng mangingisda na linisin ang baybayin at karagatan para sa pagpapanumbalik ng kasaganaan at luntiang kapaligiran.”

Upstream solutions such as reduction, reuse and refill are aligned with the DTI's Green Economic Development program. These approaches aim to enhance MSME competitiveness by helping businesses adopt climate-smart, environmental-friendly, and inclusive strategies.

"Sustainability is our only option for a better tomorrow; it is a crucial aspect of business resilience and long-term success," said DTI-National Capital Region OIC-Regional Director Winston T. Singun. "There are no businesses to speak of in an inhospitable future, plagued with various environmental crises. MSMEs have the power to make a positive impact not only in our economy, but also our planet."

Following the nature walk were sustainability discussions in Talyer 15 at the Henry Hotel Compound for discussions led by business owners championing sustainable plastic reduction efforts. The session featured entrepreneurs and communities who have successfully employed viable, practical, and innovative alternatives to plastic use, paving the way for a just zero waste transition.

Leading the charge in the “Greening Your Business” discussions are speakers from Back to Basics Ecostore, Newport World Resorts, San Juan Resort Restaurant and Hotel Association (La Union) and Rizza Lana Sebastian. The panelists shared their expertise on how to "green" the supply chain, how to reduce plastics in tourism, and how to practice sustainable communications. Reuse and refill solutions such as those applied by Kuha sa Tingi[5] (Greenpeace Philippines), JuanaZero[6] (Mother Earth Foundation), Sabon Express, and Good Food Community were also tackled to mitigate the crisis.

Greenpeace Philippines is optimistic that more MSMEs take part in interventions that address plastic pollution at the source. A number of attendees have expressed their willingness to break free from plastic and be a part of community-driven solutions that help create a zero-waste system.

The field immersion and sustainability discussion is an initiative under Champions of Change, a growing global collective of forward-thinking businesses committed to transitioning towards a plastic-free future.

Notes to editors:

[1] LPPWP as 6th Ramsar Site in the Philippines

[2] 2022 Philippine MSME Statistics in Brief

[3] Sachet Economy: Big Problems in Small Packets

[4] Production, use, and fate of all plastics ever made

[5] REUSE AND REFILL for a Plastic-Free Future

[6] JUANAZERO: A Zero Waste store of Mother Earth Foundation

Please credit the photos to: Jilson Tiu / Greenpeace

Here’s what the Champions of Change have to say:

“With plastic pollution, there's the obvious issue that it can harm certain marine animals, especially turtles. There have been a lot of studies showing that plastics, especially when they break down into microplastics, can actually threaten coral populations. I think that's why it's really important for us to fight against plastic pollution because they affect the entire marine ecosystem.” — Denise Sze, Marketing Executive of Magwai

"From the mountains of plastic in our cities to the microplastics that are now everywhere, we are causing serious health consequences from chemicals that leach into our waterways. Committing to a plastic-free future is a really important thing. We just need to make that decision on what kind of infrastructure and what kind of culture we need to support this commitment. These are really exciting ways of working with the community so that we can make this happen." — Charlene Tan, Founder & CEO of Good Food Community

"Lagi lang po natin isipin na isa lang naman talaga ang mundo. Hindi tayo pwede magkaroon ng satellite earth or another earth. And ‘yung mga plastic na basura na itinatapon natin in this lifetime, it would take 400 to 500 years to decompose. So, siguro po yung isapuso lang po natin at isaisip yung katotohanan na yan. Siguro ‘yun po ‘yung magda-drive sa ating lahat [para ilaban ang pagbabago]." — Mellany Zambrano, Founder & CEO of Sabon Express

"So with this Global [Plastics] Treaty, what is more exciting about it is the fact that it's looking at the end-to-end supply chain for plastic. It's not just looking at waste management... It's looking at the producers... They're looking not just to penalize the end, but reduce the demand. From the treaty, I want to see more responsibility going back on those companies that are producing plastic bottles." — Rob Boreham, Managing Director of Hospitality Innovations by Quorate Inc.

About Greenpeace Philippines

Greenpeace is a community united by a mission to protect the planet and ensure a green, peaceful future. They’ve led the fight against environmental destruction, advocating for the planet’s rights as part of a global movement that challenges power with courage.

 

This Press Release has also been published on VRITIMES

 

The Evolution of Media: Key Innovations Driving Media Evolution Forward

As technology continues to advance and new ideas come to life the way we interact with the evolution of media is constantly evolving. Recent breakthroughs are transforming how we create distribute and interact with content. Staying updated on these shifts is essential, for navigating the ever-changing media landscape.

AI and Machine Learning

How we create and share content is evolving with the help of artificial intelligence and machine learning. These technologies assist us in sorting through data, identifying trends, making recommendations, and even producing written material. News outlets are utilizing AI to enhance their coverage of news and sports events. Additionally, platforms such as Netflix use algorithms to recommend movies and shows based on viewers' preferences. This captivates audiences and customizes content to align with individual tastes.

Blockchain Technology

The media industry is starting to embrace technology to enhance security and transparency. With growing concerns about copyright issues and the reliability of content blockchain technology offers a solution to verify ownership and trace the origins of materials through its decentralized ledger system. This innovation protects rights and ensures that creators are fairly compensated for their work. A notable example is Audius which utilizes blockchain to allow artists to directly benefit from their creations while maintaining control over their content. Virtual Reality (VR) and Augmented Reality (AR) are transforming how we engage with media by providing experiences that go beyond traditional formats. VR immerses users in environments enabling them to view content from different perspectives. This technology finds applications in gaming, education and even news reporting making interactions more captivating. On the hand AR enhances world settings improving how people interact with their surroundings. The combination of VR and AR opens up possibilities for storytelling and audience involvement.

5G Technology

The way we consume media is set to change with advancements in technology and internet connectivity. The speed and low latency of 5G technology will enhance video streaming real time gaming and interactive experiences making them more enjoyable on the go without sacrificing quality. As 5G networks expand globally new opportunities will emerge for applications and user satisfaction will increase significantly. In the media landscape social media platforms play a role in sharing content and engaging with audiences. Platforms like Instagram, TikTok and YouTube have not transformed how content is shared but have also facilitated influencer marketing. With their large followings influencers offer brands a chance to connect directly with their target audiences in a meaningful way. This shift has revolutionized advertising strategies and opened up possibilities for creators and businesses alike.

Interactive and On-Demand Content

The increasing demand for content is transforming how media companies produce and share their creations. Services such as Hulu, Amazon Prime and Disney+ give viewers the freedom to enjoy films and series at their convenience without being tied to traditional broadcast schedules. Additionally features like on demand videos and live streams allow audiences to interact more actively with their entertainment preferences. These advancements signify a move, towards tailored and flexible approaches to consuming media.

Data-Driven Insights and Analytics

Media companies depend on studies and evaluations to understand the likes and habits of their audience. By examining data they can spot patterns in viewership for different shows evaluate how well their content performs and gain insights about the characteristics of their viewers. With this knowledge they can improve how they create share and distribute content. For example by identifying genres that strike a chord with audiences these firms can adjust their programming schedules to boost audience involvement.

Conclusion

Advancements and fresh concepts are transforming the way we consume and engage with media. Technologies like intelligence, blockchain, virtual reality, augmented reality and 5G are revolutionizing the media scene and changing our interactions with content. Staying updated on these shifts is crucial, for navigating this constantly changing environment. By adopting these trends both people in the industry and audiences can discover ways to stay ahead of the curve.

Coach Boost Gio

About Kwento Co

Kwento Co is a diverse and dynamic media and information literacy website. We are a team of accomplished content creators, artists, influencers, and young entrepreneurs who are passionate about helping micro to macro-sized businesses market their services through effective digital marketing strategies- tailored for their brands.

This press release has also been published on VRITIMES

The Evolution of Media: Transformative Forces Shaping the Modern Media Landscape

  

The way media has changed over time is really impressive. Thanks to progress in technology changes in how people act and new ways of sharing content recent developments have transformed how we consume news and entertainment. Recognizing these changes is essential to staying relevant and influential in the current media scene.

Technological Progress The Age

Our interaction with content is always changing. The shift from traditional approaches to digital platforms has revolutionized the creation sharing and consumption of content. Thanks to smartphones, fast internet, and cloud technology media companies can now reach audiences worldwide. This change has led to the emergence of formats such as social media platforms podcasts and streaming services each providing distinct ways for viewers to connect with content.

The Rise of Social Media

Platforms like Facebook, Twitter, Instagram, and TikTok impact how we consume media. They do more than share content by promoting user posts and highlighting trending topics. With the power of media, people can express their views and showcase their creativity to a large audience. This shift has created an environment where influencers and independent content creators influence traditional media channels.

Content personalization and data analytics

In today’s age it’s crucial to customize content to align with individual tastes. Companies utilize information and tools to craft tailored experiences for their customers. A striking example of this trend can be found in services such as Netflix and Spotify which use algorithms to suggest movies or songs based on your past selections. Likewise, news apps personalize stories and articles according to your preferences. This move towards personalization has changed the way people perceive the significance and relevance of media.

The Emergence of Artificial Intelligence

The impact of intelligence is revolutionizing industries by boosting efficiency improving user experiences and harnessing data insights to forecast trends. In the media realm, these advancements are proving beneficial as AI contributes to creating news pieces movies and even music. Additionally, AI refines approaches to ensure that ads reach their intended audiences effectively. As AI technology continues to evolve its impact on the media landscape is set to expand presenting both obstacles and possibilities.

The Shift to Subscription-Based Models

The old way of making money through ads in the industry is running into challenges. Nowadays more and more people are opting for streaming services. Many viewers like watching their shows and movies without any interruptions. To meet this demand platforms such as Netflix, Disney+ and Hulu now have subscription plans that give access to a variety of movies and TV shows. Moreover, this trend has prompted traditional media companies to consider subscription models for news and online content. Well-known newspapers like The New York Times and The Washington Post are leading the way in this shift.

The Impact of Globalization

The way we consume content has been transformed by globalization making it simpler to access and share diverse cultural materials. Media companies now can reach audiences across the globe via streaming platforms instead of being confined to specific regions. This shift has provided viewers with choices and heightened competition, among content creators. Additionally, global media trends frequently impact markets leading to an interconnected and ever-changing media landscape.

The Challenge of Misinformation

Its concerning how misinformation and fake news are becoming more common these days. The quick sharing of news on social media and websites has made it easier for misleading or false information to reach many people. Tackling this issue requires steps like creating algorithms establishing content moderation rules and launching media education programs to assist people in assessing the information they come across.

Conclusion

The way we consume content is changing with the help of technology shifts in preferences and fresh concepts. Streaming services are gaining traction artificial intelligence is making its mark and there is an increased focus on tackling misinformation. These elements are influencing the landscape of the industry. To adapt to these transformations smoothly industry experts and viewers alike must keep themselves updated on these emerging trends as we navigate through this evolving landscape.

Coach Boost Gio

About Kwento Co

Kwento Co is a diverse and dynamic media and information literacy website. We are a team of accomplished content creators, artists, influencers, and young entrepreneurs who are passionate about helping micro to macro-sized businesses market their services through effective digital marketing strategies- tailored for their brands.

This Press Release has also been published on VRITIMES

The Evolution of Media: Impact of Technology on News Consumption Habits

 

The emergence of media platforms and the impact of traditional news outlets on how we consume news highlight the importance of recognizing these shifts, for both audiences and media professionals. Over time the way we consume and interact with news has changed a lot. With the help of technology, our ways of getting and sharing information have been revolutionized.

Recently social media has become a popular way to share news. Sites like Twitter, Facebook, and Instagram allow users to quickly spread and find articles, videos, and updates keeping them up to date on current events through their feeds. However, despite its convenience social media raises issues about spreading false information and the trustworthiness of sources. News organizations are starting to use media to connect with audiences but they need to be careful to maintain accuracy and reliability. Similarly, streaming services such as Netflix and Hulu give viewers the chance to watch news documentaries and shows, at their own pace. These platforms often mix entertainment with informative content in their news programming. While streaming services provide a way to consume news they also face challenges in ensuring factual correctness and presenting diverse viewpoints. The shift towards streaming for news reflects changing audience preferences that favor content alongside traditional journalism.

The Role of Podcasts in News Delivery

Podcasts are now a way to catch up on the latest news. Many news organizations produce podcasts where they delve into subjects conduct interviews and offer their viewpoints on current events. This format enables a exploration of stories making it easier for listeners to stay informed. However striking a balance between bias and impartiality in reporting can be challenging in the podcasting realm. Nevertheless podcasts continue to be a preferred choice for news delivery due to their convenience and captivating storytelling that resonates with audiences. Social media platforms have also emerged as avenues for news dissemination. Sites like Facebook Twitter Instagram and TikTok enable users to swiftly share and receive news updates keeping them informed about breaking stories and trending topics. However the rapidity of information sharing raises concerns regarding the accuracy and reliability of news since false information can spread just as swiftly. News organizations and fact checking entities are actively addressing these issues to uphold the credibility of news shared on social media platforms.

The Role of Mobile Technology

The way we get news has changed a lot with smartphones and devices. Thanks to tech advancements people can now read articles whenever and wherever they want making it simpler to stay updated even on busy days. News apps and websites are user friendly and come with features like alerts to keep users in the loop about breaking stories. Additionally mobile devices allow us to consume news through formats like videos, podcasts and interactive articles making the news experience more engaging overall.

Personalization and Algorithmic Curation

In todays media landscape news is presented in a personalized manner. News outlets employ algorithms and thorough assessments to tailor content according to users previous online behavior and engagements. This approach helps people find articles that resonate with their preferences. However it has a drawback as it can lead to creating echo chambers where individuals predominantly encounter news that reinforces their preexisting views. This inclination may restrict exposure to perspectives and contribute to polarizing public sentiment.

The Emergence of Subscription Models

As ad revenue declines media organizations are exploring subscription models to bolster their financial standing. Subscribers can enjoy content without interruptions by paying a fee. This move towards subscriptions is driven by the need to safeguard journalism in the current environment. While these strategies offer a source of funding for news outlets they raise concerns about affordability and accessibility potentially restricting news coverage for certain groups.

The Impact of Podcasting and Audio

Podcasts are gaining traction as a way to stay updated on the news through audio formats that can be enjoyed at your convenience. News podcasts offer perspectives interviews and discussions on current events allowing listeners to engage with news stories in a more personalized and accessible way. The rising popularity of podcasting signifies a change in how individuals consume media seeking content that aligns with their preferences and lifestyle.

The Impact of Emerging Technologies

The way news is being delivered is being revolutionized by recent advancements like Artificial Intelligence (AI) and Virtual Reality (VR) technology. AI improves reporting analyzes data trends and customizes content based on personal preferences. On the hand VR provides immersive experiences that let users interact with events virtually. These innovations have the power to change how news is created and consumed by offering engaging ways for people to connect with and comprehend current events.

Conclusion

Throughout the years the way we receive news has evolved significantly due to technological progress. The rise of media platforms and personalized content has transformed how we access information. As we navigate this shifting terrain it’s crucial to recognize the impact of these changes on our capacity, to stay updated and make choices regarding news sources. Adjusting to these transformations while remaining aware of challenges such as misinformation will be essential, in nurturing an informed society and a varied media environment.
Coach Boost Gio

About Kwento Co

Kwento Co is a diverse and dynamic media and information literacy website. We are a team of accomplished content creators, artists, influencers, and young entrepreneurs who are passionate about helping micro to macro-sized businesses market their services through effective digital marketing strategies- tailored for their brands.

This press release has also been published on VRITIMES

Donald Trump Vs. Kamala Harris, Who is More Pro Crypto?

 

Will Donald Trump Vs. Kamala Harris' candidacy in the 2024 US election have a positive impact on the crypto ecosystem? Read the full explanation in this article.

The United States presidential election has become a highlight among the crypto community. The reason is, that the United States is a region that often focuses on crypto regulations.

Therefore, the crypto community hopes that Donald Trump vs. Kamala Harris can get a detailed explanation of their plans for crypto regulation when they are elected.

Kamala Harris is considered to be more open to crypto if elected than her boss, Joe Biden. However, Kamala Harris remains behind Donald Trump, who from the start has paid full attention to the crypto ecosystem, even outspokenly wanting America to become a center for Bitcoin mining.

Donald Trump and His Interactions in the Crypto Ecosystem

Donald Trump is already “more experienced” in the crypto ecosystem than his opponent, Kamala Harris. Since his confirmation that he will be a presidential candidate in the 2024 US Election, he has been welcomed by the crypto community. Memes about him appeared to attract attention.

In his campaigns in various regions, Trump also loudly called for supporting cryptocurrencies and relaxing regulations. Last July, Donald Trump even promised to fire Gary Gensler, who is currently the head of the SEC. It is common knowledge that the SEC is often an obstacle to the development of the crypto ecosystem in America.

Increasingly gaining support from the crypto community, Trump is also increasingly strengthening his position to support the progress of cryptocurrency by becoming a figure who does it The first transaction is on a bar called PubKey. This transaction was carried out in mid-September and received a positive reaction from crypto circles.

Recently, Donald Trump also stole the attention of the crypto ecosystem by launching a platform called World Liberty Financial or WLFI. WLFI is a crypto platform that offers various financial activities, including lending, investment, and digital transactions.

Before its launch, WLFI even received more than 100,000 registrations and this fact is of course good news for Donald Trump in his candidacy in the 2024 US Election.

Kamala Harris and the Crypto Regulatory Framework

Not wanting to be left behind by Donald Trump, Kamala Harris also tried to attract the sympathy of the crypto community by stating that she also supports crypto. In her campaign in Erie, Pa., Kamala Harris outlined a big agenda in which she discussed Harris' substantive policies on cryptocurrencies.

There is a crypto regulatory framework there. However, Harris did not explain in detail how he would create the regulatory framework.

There is no mention of Bitcoin, blockchain, or other digital assets in the regulations proposed for the crypto ecosystem. Due to this, the crypto community feels disappointed with Kamala Harris.

Conclusion: Trump Vs. Harris, Will Crypto Get the Benefit in the End?

No matter how sweet Donald Trump's promises are and how Kamal Harris provides evidence of his support for crypto, the crypto community must remain careful about the existing political system. Every crypto observer must provide neutral criticism and suggestions without leaning towards either candidate to the extreme.

Policy in America will always be the basis for how crypto tokens are traded so that the results of the US election will determine future crypto developments. 

You can do comprehensive analysis and research when you want to buy a coin. Know Bitcoin price, Ethereum, XRP, Solana, USDT, and other tokens. Use features on a trusted global exchange website, such as Bitrue, to find out crypto market conditions in real-time.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES