CMC Research Director: The crypto market is still waiting for a key catalyst to take effect, attention should be paid to Trump's speech

BlockBeats reports that on July 24, traders anticipate the current price trend of Bitcoin to remain steady until a new comment is made by a U.S. presidential candidate, which could reveal the future of cryptocurrency regulation in the country.

Alice Liu, Research Director at CoinMarketCap said: "The market is still waiting for some key catalysts to take effect. Prior to Trump's speech at the Nashville Bitcoin Conference on July 25, the market is in 'wait and see' mode, anticipating he might announce Bitcoin being used for national reserves. If this really happens, it will trigger a parabolic rise in Bitcoin prices."