@cawardino

Richard Galvin, co-founder of Digital Asset Capital Management, attributes the recent cryptocurrency market downturn to concerns over President Biden's potential replacement by a stronger Democratic candidate who may not support cryptocurrencies. He also cites the selling pressure from Mt.Gox and government addresses as significant short-term factors affecting Bitcoin's Noelle Acheson, author of 'Crypto Is Macro Now,' highlights ongoing selling pressure from miners but suggests that weak US economic data or the approval of an Ethereum spot ETF could quickly boost market sentiment. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes that a new Democratic candidate could better address crypto issues, noting an overall improvement in the government's stance towards digital assets over the past year. For more details, visit Odaily's article.

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