Developments surrounding cryptocurrency in the US in October 2024 seem to have progressed in leaps and bounds. Bitcoin’s growth is persistent and now approximates the 64,000 dollar mark with some analysts suggesting the currency could go as high as 68,000, as a result of favorable economic statistics and the elections in USA. In the meantime, the last update to Ethereum's architecture is claimed to be useful in improving the effectiveness of the network, albeit causing some price effect very slowly.
The institutional appetite is increasing, as an example of the BTC and ETH ETPs which are allowing easier access to crypto exposure. This is thus helping with institutional adoption without just restricting to retail investors. However, within the US there are many uncertainties especially with regards to regulation on stablecoins which have hindered growth within its borders, although there is an increasing demand for US backed stablecoins like USDC in emerging markets.
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