Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
US Infrastructure Bill
U.S. House Speaker Announces Voting Date on $1 Trillion Bipartisan Infrastructure Bill
Yesterday, U.S. House of Representatives Speaker Nancy Pelosi confirmed a vote on the $1 trillion bipartisan infrastructure bill is set for Thursday. She voiced confidence it would pass. Now the Democrats have more time to reach a consensus on President Biden’s sprawling domestic policy package. Pelosi noted that there would be four days of debate before the legislation. Discussion on the bill would help fund in repairing aging roads bridges and expand broadband. The infrastructure spending will also pay for the replacement of dangerous lead-piped drinking…
4 years ago
The US Infrastructure Bill: Why Is It Bad For Crypto?
The infrastructure bill is a US senate proposed bill that aims to spend over $1.2 trillion developing infrastructure. This bipartisan $1 trillion infrastructure bill results from the years of hard work to improve the American infrastructure systems. It includes lump sum spending on developing roads, rails, power, environment, drinking water, airports, and many more. The main issue with this trillion-dollar bill is the way to fund the projects. In a 2700 page document, the infrastructure bill contains new regulations that…
4 years ago