Trends Emerge Ahead of National Cryptocurrency Month in October

One of the biggest trends in crypto right now is that it is increasingly being adopted by mainstream financial institutions, including JP Morgan, Blackrock, Goldman Sachs, and others. According to Themis For Crypto founder Gabriele Tortora, "This activity will introduce even more robotic trading in crypto, as approximately 80% of all trades are made by algorithms from these big financial institutions. In crypto, this is an ever-increasing trend, making it significantly harder for human traders to profit."

In addition, the U.S. election is creating uncertainty about where crypto prices will go. A win for presidential hopeful Kamala Harris will likely lead to more regulations, while one for Former President Donald Trump leads to less. Tortora says, "An increase in crypto prices is expected from the interest rate cuts by the Fed and the $35 trillion debt in the USA, which has led to increased adoption by institutions. However, a drop will come due to the uncertainty in the election and the unsustainable nature of the recent rise due to high inflation - though there will most likely be a rise at first, the banks will start selling to take profit coinciding with the U.S. election. So, expect a drop between November and January; before then, it should keep rising."

As we head into National Cryptocurrency Month in October, it is noteworthy that former President Trump recently announced a new crypto coin family endeavor called World Liberty Financial. Watch this space as plans begin to roll out for the platform's launch, spearheaded by Trump's sons Don Jr. and Eric Trump. The former President promises that the crypto will ultimately be a utility token that will provide multiple services simultaneously for those who buy in. Tortora says, "This new project has big implications in the crypto space and its collaboration with governments worldwide, we will be monitoring it closely."

Contact: Gabriele Tortora
Email: support@themisforcrypto.com
Address: Adelaide Street St.
Brisbane City QLD 4000, Australia

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This release was published on openPR.