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    Market moves and political shifts: Coindesk 20 and Bitcoin rise, S&P 500 falls, Republican control influences crypto legislation, and a crypto influencer found dead

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    The CoinDesk 20 Index and prices of Bitcoin and Ether saw increases while S&P 500 and Nikkei 225 observed decreases. Bitcoin is recovering from a dip, with Bitcoin ETFs recording inflows of $510 million. The Republican party now rules the US House of Representatives that leads most of the federal crypto legislation. Institutions are manifesting greater interest in digital assets, with 57% planning to increase their cryptocurrency investments. Polymarket CEO’s home was raided by the FBI and a missing crypto influencer was found dead in Montréal. Meanwhile, analysts considered a portfolio scenario replacing bonds with Bitcoin.

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    This article was first published in First Mover, CoinDesk’s daily newsletter that provides updates on the latest trends in the crypto markets. You can subscribe to it for updates straight to your inbox every day.

    Here are the latest prices:

    – CoinDesk 20 Index: 2,668.37, increase of 2.72%
    – Bitcoin (BTC): $91,632.85, increase of 4.5%
    – Ether (ETH): $3,187.05, increase of 0.7%
    – S&P 500: 5,985.38, decrease of 0.29%
    – Gold: $2,611.13, increase of 0.02%
    – Nikkei 225: 38,535.70, decrease of 0.48%

    Top stories include, Bitcoin fluctuating around $91,000, recovering from a dip just above $89,000. Bitcoin ETFs witnessed inflows of another $510 million on Wednesday, driving the total for the last six days to $4.7 billion. In American politics, the Republican party gained a majority in the House of Representatives. The House has been the legislative body directing most crypto legislation at the federal level. Institutions are also showing a growing interest in digital assets, with 57% planning to increase their investment in cryptocurrency.

    Have a look at the day’s chart which highlights the search value for the term “bitcoin” in the U.S over the past five years. The rising interest among retail investors may herald higher prices and volumes in the future.

    In other trending posts, the home of Polymarket CEO got raided by the FBI, analysts discussed what a portfolio would look like if bonds were replaced with Bitcoin and a missing crypto influencer under investigation was found dead in Montreal.

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