White House Crypto Czar Predicts July Breakthrough for Crypto Market
Dan Gambardello cites the following quotes from White House crypto czar David Sachs that July has been a pivotal month for the crypto market, with the signing of the Genesis legislation and clarity on its way to the Senate.
Legislative news follows on the heels of Trump’s recent positive remarks about Bitcoin and crypto prices in public appearances.
Despite favorable regulatory steps, crypto prices continue to consolidate as altcoins are still over 200% from all-time highs while the S&P 500 achieves record highs.
This is the same divergence as in August 2020, when the traditional markets reached new highs while the crypto market passed through the trenches of consolidation.
