Global #cryptocurrency

The International Monetary Fund (IMF) has recently adjusted its approach toward El Salvador regarding its controversial Bitcoin policy. After years of resistance, the IMF has suggested that the Central American nation reduce its government support for Bitcoin rather than repeal its status as legal tender altogether.

As of October 5, data from Bitcoin Magazine reveals that various funds are now managing over 911,000 BTC, signaling a significant uptick in institutional interest in the cryptocurrency.

In a remarkably short time, cryptocurrency has emerged as a crucial asset class in the global financial market. Investors are drawn to its potential for high returns and the allure of decentralization.

Toncoin (TON) has experienced significant price fluctuations in recent weeks, struggling to establish a solid support level around $5.96. After a series of unsuccessful attempts to maintain this threshold, the price of the Telegram-linked cryptocurrency has fallen below key support levels, prompting concerns among investors about its future trajectory.

Tron has recently announced significant financial results for the third quarter, showcasing a remarkable 43% growth from the previous quarter and an impressive total revenue of $1.66 billion over the past year.

As the 2024 U.S. presidential race heats up, the absence of Joe Biden has left Kamala Harris and Donald Trump as the primary contenders from the Democratic and Republican parties, respectively.