Battle lines drawn: Trump advocates for crypto while Biden looks to regulate the industry

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The 2024 Presidential race is starting to heat up and crypto is shaping up to be a key campaign issue, with Trump falling in the pro-crypto crowd while Biden backs the SEC. - The gold market continues to consolidate but at elevated levels, as the U.S. labor market appears to be losing momentum after more American workers applied for first-time unemployment benefits.

A recent survey shows that Americans agree the current financial system is broken, but fixing the problem is challenging, and crypto is not ready to serve as a viable replacement.Bitcoin price stalls amid lull in ETF flows, but on-chain data suggests 300% upside Wednesday saw another day of volatile consolidation for the crypto market as Bitcoin struggled to hold support at $62,000 while stocks traded mixed.PBoC buys gold for 18th straight month, but April also marked second month of sharply lower purchases

 

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