Bitcoin and cryptocurrency prices have experienced wild swings recently. Analysts suggest that political moves, including actions by U.S. President Donald Trump, might be influencing market stability. Some experts even warn of a looming $10 trillion shock on Wall Street.
The current bitcoin price is nearing $100,000, a significant rebound from its low of around $75,000 back in April. This surge has put the all-time high of approximately $110,000 back in sight—some market watchers are sensing a wave of “panic” among traditional financial institutions.
In other news, Apple, under CEO Tim Cook, is making significant changes to its App Store policies. A recent court ruling has ordered Apple to reduce its restrictions on app developers, especially concerning cryptocurrencies and NFTs (non-fungible tokens). This could lead to widespread adoption of crypto technology, as developers can now direct users to alternative payment methods.
Phil Kwok, co-founder of the crypto education platform EasyA, shared his thoughts on social media, stating, “This is a game changer. Our app has often faced compliance issues just for mentioning crypto. Loosening these rules will likely lead to a surge in blockchain adoption.”
This legal battle stemmed from a lawsuit between Apple and Epic Games, the company behind Fortnite. A judge ruled that Apple cannot charge fees on purchases made outside of iOS apps, thus encouraging developers to explore new revenue streams. Following this ruling, Apple informed iOS developers that they can now create links allowing users to browse crypto-based NFTs without limitations.
The change has been met with excitement in the crypto community. Many believe this could trigger a major increase in bitcoin prices and foster a broader bullish market trend. Wojciech Kulikowski, a software engineer, commented that this development might lead to a “generational golden consumer crypto bull run,” opening up opportunities for innovative mobile apps that were previously restricted.
Experts indicate that this shift in policy could transform how cryptocurrencies are integrated into everyday transactions. One developer noted that apps can now accept crypto payments directly, bypassing Apple’s 30% fee. This is seen as a win for users who can spend cryptocurrencies like USDC, ETH, and SOL without additional costs.
In summary, recent developments signal a potentially exciting future for cryptocurrencies, driven not just by rising prices but also by evolving technology and legal frameworks. Stay tuned—these changes could reshape the landscape of digital currencies and how they’re used. For more insights, visit [Forbes’ Crypto Asset & Blockchain Advisor](https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex).
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