El Salvador making waves in the crypto market purchasing two additional Bitcoins in a single day. According to its Bitcoin strategic reserve initiative, the country buys one BTC per day but recently the country has increased its acquisition rate. Recently, the country revoked Bitcoin’s legal tender status due to International
Bitcoin Falls Below $100,000, but It Might Be a Short-Term Drop For the first time since 27 January, bitcoin fell under $100,000. Although closing January with a record value of $102,412 is great, others feel it would briefly go back to $95,000 as an analyst has suggested. Bitget Research’s chief
Senator Cynthia Lummis advocates Bitcoin again and reiterates her support for creating a law that would make BTC a strategic reserve for the U.S. government. She believes this would strengthen America and help fix the financial issues that their generation is creating. Moreover, the bill proposes that the U.S. government
Bitcoin (BTC) fell below $100,000, reaching a low of $99,082.51. The cryptocurrency currently trades at $100,193.79, down 2.28% in 24 hours. Its market cap stands at $1.98 trillion, with a 24-hour trading volume of $34.22 billion, marking a 22.95% decline. The fully diluted valuation (FDV) is $2.1 trillion, while the
Bitcoin has been facing weakness in recent days getting rejected from the $105k mark. Despite that, analysts believe it may reach a new all-time high in the first quarter of 2025. According to Standard Chartered analyst Geoff Kendrick, the king crypto may leapfrog the $109k price point soon, and before
Bitcoin’s (BTC) market is preparing for a massive options expiry, a significant event will occur on Friday, which means today. This week’s option expiry event is big because of the month’s end. Approximately 80,000 BTC option contracts will expire, valued at $8.36 billion, making it a big deal. However, there
The Securities and Exchange Commission has approved the Bitwise Bitcoin and Ethereum ETF (Exchange Traded Fund) which allows investors to gain exposure to both assets in a single-regulated product. The approval of the fund’s 19b-4 filling for the Assets Management Firm is a first step before it launches, then SEC
The world’s biggest stablecoin issuer, Tether, has announced that the USDT asset is now connected to Bitcoin both at its fundamental level and through the Lightning Network. The Taproot Assets protocol engages in this by leveraging Bitcoin’s Taproot improvement to be able to improve security and increase functionality. Moreover, the
A week and a half into Trump’s presidency, significant things are occurring in AI and cryptocurrency. These moves demonstrate a strong drive to integrate digital assets into the mainstream financial sector, which might spur the crypto market in the next few years. Trump issued executive orders to foster the development
A bitcoin reserve bill is now introduced to the state’s legislative body of Illinois, hence one of the newest U.S. states venturing into a financial strategy regarding Bitcoin. Sponsored by State Representative John Cabello, the House Bill 1844 or HB1844 recommends the setting up of a Bitcoin reserve in the
