The post Trending Crypto Updates For This Week appeared on BitcoinEthereumNews.com.

Here’s a collection of some of the most trending crypto market updates reported over the past week, encompassing Bitcoin and recent market events. The crypto universe has concluded another week with remarkable developments unfolding across the broader market.  Amid the ongoing U.S. presidential election buzz, the cryptocurrency prices witnessed quite the volatility.  Bitcoin slipped from a $68K level to a slumping $60K low over the past seven days. Meanwhile, the altcoin market has mainly followed this turbulent movement. Crypto Market Tackles Turbulence Notably, recent economic events have presented the flagship crypto with quite the uncertainty. This week saw the Federal Reserve keeping the interest rates unchanged once again, raising investor concerns while also impacting markets. Moreover, the release of U.S. jobs data has brought further volatility to the broader industry. The U.S. unemployment rate came in hot at 4.3% for July, crossing expected 4.1%.  Further, the nonfarm payrolls unveiled that only 114,000 jobs were added in July. Collectively, these macroeconomic factors appear to have impacted the cryptocurrency prices this week. Meanwhile, Bitcoin bore the brunt of massive liquidations amid its price volatility. Also, Fidelity International launched a Bitcoin ETP on the LSE (London Stock Exchange). Trump vs. Harris Saga In the interim, this week saw noteworthy developments in the ongoing rivalry between Republican Donald Trump and Democratic Kamala Harris.  Notably, Harris‘ rebranded approach as a crypto-friendly candidate appears to have garnered significant attention among market participants. Subsequently, the Vice President’s winning odds also gained considerable weight. Nonetheless, Donald Trump has finally agreed to debate with Kamala Harris on Fox News. The debate is set to take place on September 4 and could bring a paradigm shift in the presidential candidates’ winning odds. Also, Donald Trump Jr. has taken the stage to challenge Harris to a debate on Fox News. Additionally,…

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Filed under: News - @ August 4, 2024 1:16 pm