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VeChain (VET) has faced a massive price dip today. The asset is down 20% in the daily charts, 21.3% in the weekly charts, 31.1% in the 14-day charts, and 33.2% over the previous month. Despite the correction, VET has rallied 18% over the last year. Source: CoinGecko Also Read: Trump’s 25% Tariffs Trigger Oil Price Spike—But a 40% Crash Could Follow Why Is The Cryptocurrency Down? Source: Watcher Guru VET’s latest correction comes after Bitcoin (BTC) fell to the $95,000 level. The global crypto market cap has also dipped 9.1% in the last 24 hours to $3.24 trillion. VeChain (VET) follows the market downtrend. The cryptocurrency market took a hit after US President Donald Trump announced new tariffs for Canada and Mexico. President Trump also plans to levy heavy tariffs on the European Union. The US dollar also gained over the last few days. Investors are likely worried about investing in risky assets. Also Read: XRP & Litecoin Price Prediction Following ETF Approval VeChain Predicte...

The state of Utah has presented a new bill proposing to allow 10% of state funds to be invested in Bitcoin (BTC) and stablecoins. State Representative Jordan Teuscher presented the bill on Monday, Jan. 20, 2025. An interesting point is that the proposed legislature was introduced on the day of Donald Trump’s inauguration as the 47th President of the United States. Also Read: 5 Currencies That May Take A Major Hit If De-Dollarization Advances The proposed legislature is called the “Blockchain and Digital Innovation Amendments” bill. According to an X post by State Representative Teusher, “ This bill reflects our commitment to embracing cutting-edge technology and preparing for the future of finance, while ensuring fiscal sovereignty. “ If voted into law, the bill could lead to a significant rise in Bitcoin’s (BTC) adoption. Utah is the 11th US state to have a BTC reserve bill. Will Bitcoin Rally? Source: Watcher Guru The proposed bill is a bullish deve...

VeChain (VET) is following the larger crypto market rebound trend, rallying 4.3% in the daily charts, 3.4% in the weekly charts, and 6% in the 14-day charts. According to recent price predictions, VET could reach new heights! Source: CoinGecko Despite the rally, VET continues to glow red in the monthly charts, falling 22.1% over the previous month. In this price prediction, let’s examine how VET may perform at the end of this month. Why is The Market Rallying? Source – CoinCentral The crypto market is undergoing another rally, with Bitcoin (BTC0 reclaiming the $60,000 level. The market resurgence could be due to increased investor sentiment and decreasing inflation figures in the US. While the Federal Reserve has not officially announced an interest rate cut, many investors and traders anticipate one by September. Also Read: VeChain Price Prediction: How High Can VET Go In August 2024 VET Price Prediction August-End 2024 According to CoinCodex’s price prediction, VeCha...