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$USDC
USDC gains regulatory approval and establishes partnerships with major financial institutions or platforms, it could attract more users and investors, potentially driving its price towards $1,000.
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#CryptoStocks Israel vowed to intensify its strikes against Iran as the war between the two countries enters its seventh day. The beginning of the conflict last week coincided with a precipitous drop in the price of bitcoin ( BTC) which has since treaded water around the $104K threshold.
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$USDC Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period. The market capitalisation of USDC is equal to the value of USDC multiplied by the number of USDC in circulation.
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#MyTradingStyle Active trading is the act of buying and selling securities based on short-term movements with the goal of making a quick profit. This is in contrast to passive investing where the approach is buy and hold over the long term. Traders often use a multitude of tools and strategies which include but are not limited to fundamental, quantitative and technical analysis. Some traders also focus on market news and events.
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#GENIUSActPass Yesterday the Senate passed the GENIUS Act, the first stablecoin legislation to be approved by either Congressional chamber after several years of trying. The vote of 68 to 30 was the same count as the procedural vote last week. Eighteen Democrats voted in favor on both occasions, but previous supporter Mark Kelly abstained, while Jon Ossoff backed the bill this time around. In order to become law, both chambers will have to vote in favor, with the House having a separate STABLE Act bill with quite a few differences, as explored earlier this month. However, this is a major legislative breakthrough, as it’s the first major digital asset legislation approved by the Senate.
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#FOMCMeeting The Federal Reserve’s meeting deciding whether or not to lower interest rates this month kicked off Tuesday, and though it’s highly unlikely the summit will produce the rate cuts President Donald Trump has aggressively pushed for, it will reveal how the U.S.’ top monetary policymakers are approaching the U.S. economy as tariffs play out. The Federal Open Markets Committee, the 12-person committee that most crucially sets the target federal funds rate baseline for borrowing throughout the U.S. economy, will hold a regularly scheduled meeting Tuesday and Wednesday. The central bank will reveal at 2 p.m. EDT Wednesday whether it decided to change interest rates, to be followed by Fed Chairman Jerome Powell’s press conference. Wall Street considers it a near certainty the Fed will opt to keep rates at the 4.25% to 4.5% range they’ve stood since December.
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