Bitcoin, Ethereum, Dogecoin Zoom Higher As Bitcoin Conference Awaits Donald Trump's Keynote Speech
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump’s keynote speech. Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies have seen significant gains. Notable statistics include an increase in large transactions and daily active addresses. The Michigan state pension fund disclosed holdings in the ARK 21Shares Bitcoin ETF. Other developments include Franklin Templeton's partnership with SBI Holdings to launch a digital asset management company in Japan and concerns raised by Senator Warren over foreign-owned crypto mining operations in the US.

July 26, 2024 | 8:29 pm
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The Michigan state pension fund disclosed holdings of 110,000 shares in the ARK 21Shares Bitcoin ETF, indicating institutional interest in Bitcoin.
The disclosure of significant holdings by a state pension fund suggests strong institutional confidence in Bitcoin, likely boosting investor sentiment and short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80