Jamie Crawley is a CoinDesk news reporter based in London.
BTC's price is little changed over 24 hours, trading in a range of $70,900-$71,100 for much of the morning in Europe, an increase of around 0.1%. Elsewhere, the broader digital asset market, as measured by the CoinDesk 20 Index is similarly unmoved, up about 0.25% at the time of writing. Among the crypto majors, only ether is showing a change in excess of 1%. ETH is priced at just under $3,850, a rise of around 1.25% in the last 24 hours.
Bitstamp, founded in 2011, is one of the largest crypto exchanges in Europe, and will therefore provide a boon to Robinhood's global expansion plans. “The acquisition of Bitstamp is a major step in growing our crypto business," said Johann Kerbrat, general manager of Robinhood Crypto"Through this strategic combination, we are better positioned to expand our footprint outside of the U.S. and welcome institutional customers to Robinhood.” HOOD shares rose 2.5% to $22.
Trump is regarded as the more bitcoin-friendly candidate, given Biden's vetoing of Congress' efforts to repeal SAB 121. Standard Chartered's head of crypto research, Geoff Kendrick, is predicting BTC to reach $100,000 by the election and $150,000 by year-end in the event of a Trump victory.Meme Coin Institutional Holdings Surged Since January, Led by DOGE, SHIB, PEPEin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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