🟨 Last week, cryptocurrency prices rose following two positive events. First, Jerome Powell, Chairman of the U.S. Federal Reserve, confirmed the beginning of monetary policy easing next month. Second, Robert F. Kennedy Jr. endorsed Donald Trump in his presidential campaign.
🟨 Bitcoin rose by 5.6%, and the CoinDesk 20 index increased by 4.7%. Ethereum, Tezos, and Solana saw growth of over 5%.
🟨 While Kennedy’s exit from the race may benefit Trump, both candidates promise a more crypto-friendly stance than the Biden administration. Trump proposed creating a strategic Bitcoin reserve and firing SEC Chairman Gary Gensler. Harris also supports the growth of cryptocurrencies.