ChainCatcher news, Matrixport's latest report points out that while people are focused on the impact of the next U.S. president on Bitcoin, the actual influence may be more reflected in the regulation of the Bitcoin ecosystem rather than Bitcoin itself. During the Republican (2016-2020) and Democratic (2020-2024) administrations, cryptocurrencies experienced strong growth.Therefore, despite the media buzz surrounding the upcoming election, regardless of who takes office in the White House, Bitcoin may continue to perform positively.

ChainCatcher news, according to CoinDesk, Federal Reserve Chairman Powell stated today that he will not signal the timing of future policy actions, and that rising inflation is not the only risk facing the economy. Subsequently, the possibility of a rate cut in September has slightly increased. Powell's testimony did not have a significant impact on the price of Bitcoin (BTC), which experienced a brief rebound before quickly giving up its gains, currently slightly above $57,000, with a slight increase over the past 24 hours.