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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-attempts-to-reclaim-61000/" data-wpel-link="internal">Bitcoin Attempts to Reclaim $61,000</a><br></p>
<p style="text-align: justify"><strong>BTC price</strong> is trying to reclaim $61,000 at the time of writing, which would be great for altcoins. Closing above $61,850 could pave the way to $63,000 and then $65,000, bringing us step by step closer to the $70,000 breakout level. So, what are the <strong>latest developments</strong> in cryptocurrencies?</p> 
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2> 
<p style="text-align: justify">Tomorrow, the <strong>Fed</strong> minutes will be released, and Jackson Hole will start on Thursday. This meeting will shed light on the global economy today and tomorrow. <strong>Powell</strong> is expected to make relatively optimistic statements in his speech on Friday. Moreover, the Fed minutes may contain developments that support risk markets.</p> 
<p style="text-align: justify">Indeed, <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from the past three months show that while inflation is falling, employment has fluctuated negatively enough to necessitate Fed action.</p> 
<h3 style="text-align: justify" id="tether-mints-usdt">Tether Mints USDT</h3> 
<p style="text-align: justify"><strong>Stablecoin</strong> issuer Tether minted $1 billion worth of <strong>USDT</strong> on the Tron network. The newly minted USDT amount thus exceeded $33 billion. Of this, $14 billion was minted on the <a href="https://en.coin-turk.com/ethereums-market-outlook-amidst-crypto-sell-off/" data-wpel-link="internal">Ethereum</a> network, while $19 billion was issued on the Tron network. Following USDC’s decision in favor of the Tron network, Tether continues to support it.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-381563 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/usdt-tron.png" alt="" width="1691" height="695"></p> 
<h3 style="text-align: justify" id="chinese-court-s-decision">Chinese Court’s Decision</h3> 
<p style="text-align: justify">The Chinese Supreme Court revised its interpretations of Anti-Money Laundering (AML) laws to include crypto under the “virtual assets” category. The first significant revision since its adoption in 2007 was made recently. Thus, transferring and converting criminal proceeds via crypto will also fall under rules prohibiting “concealing and disguising the source and nature of criminal proceeds and their benefits by other means.”</p> 
<h3 style="text-align: justify" id="coinbase-election-report">Coinbase Election Report</h3> 
<p style="text-align: justify">This was somewhat discouraging because young <strong>crypto</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in the US electorate showed an unexpected pattern. 41% of this group identifies as Democrat, while 39% identify as Republican. Despite Trump’s big pro-crypto promises, the equal ratio may explain Harris’s reluctance to take steps in this regard.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-381564 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/coinbase-secim-rapor.png" alt="" width="1042" height="545"></p> 
<p style="text-align: justify">Kamala Harris remains silent on <strong>cryptocurrencies</strong>. However, making a few pro-crypto statements would gain her votes rather than lose them as competition heats up in many states. This is exactly what is expected as the November elections approach.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-attempts-to-reclaim-61000/" data-wpel-link="internal">Bitcoin Attempts to Reclaim $61,000</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-attempts-to-reclaim-61000/" data-wpel-link="internal">Bitcoin Attempts to Reclaim $61,000</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Attempts to Reclaim $61,000

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