Utah will become the first US state to make history in terms of launching a Bitcoin reserve. The Strategic Bitcoin Reserve Bill, or HB230, has already been voted on by the House of Representatives and is waiting for final approval in the Senate before landing on the governor’s desk. HB230,
Standard Chartered projects Bitcoin could reach $500,000 by 2028. This feat will be driven by major growth and gradual adoption by institutions and ETF market potentials. Geoffrey Kendrick, the bank’s Head of Digital Asset Research, outlined the prediction in a February 5 investor’s note. He predicted Bitcoin’s potential for $200k
The global crypto market has been on rocky terms over the past few days. As another weekend approaches, community members are expecting further price consolidations. However, looking into what has occurred particularly in the last 24 hours, trading conditions don’t look very bright. Notably, Bitcoin, after its recent visit to
El Salvador continues to expand its BTC holdings despite recent policy changes. On February 4, the Central American nation added 12 Bitcoins to its reserves, increasing the total to 6,068 BTC, valued at over $554 million. The government purchased 11 Bitcoin for about $1.1 million, averaging $101,816 per BTC. Later,
Bitcoin (BTC) recently dipped to $91,242.89 and is trading at $94,297.01, marking a 5.93% decrease over the past 24 hours. The current market cap is $1.87 trillion, reflecting a 5.92% decrease. However, trading volume surged by 175.69%, reaching $96.08 billion, indicating heightened market activity despite the price drop. BTC remains
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’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
El Salvador’s Congress approved a legislative bill on Wednesday amending the country’s Bitcoin law in response to a $1.4 billion loan agreement by the International Monetary Fund, which conditioned approval on conditions that included keeping acceptance of the cryptocurrency voluntary instead of mandatory for businesses. The measure was sent by
Bearish trends have been gallivanting through Bitcoin’s price action over the past day. However, turning to other activities, the sector has kept the liveliness going. Recently, pro-crypto senator Cynthia Lummis filed a lawsuit in support of Coinbase against the SEC. Meanwhile, reverting to Bitcoin’s daily price action, the cryptocurrency trades
Bitcoin price has dropped to $99,381, reflecting a 1.95% decline in the last 4 hours. Its market cap now stands at $1.97 trillion, maintaining a market cap-to-volume ratio of 2.03%. Trading volume has surged by an impressive 88.19% in the last 24 hours, reaching $40.65 billion. This sharp increase in
