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Kentucky has become the 16th US state to introduce legislation aimed at establishing a Bitcoin reserve, highlighting the growing adoption of digital assets at the state level.The bill, KY HB376, was introduced by Kentucky State Representative Theodore Joseph Roberts on Feb. 6. If passed, it would auâŚ
According to a recent CryptoQuant Research post, Bitcoin (BTC) network activity has slumped to a 12-month low, with CryptoQuantâs Bitcoin Network Activity Index currently at its lowest level since February 2024.Bitcoin Network Activity Drops As Market ConsolidatesData from CryptoQuantâs Bitcoin NetwâŚ
Bitcoin continued its downtrend this week, dropping briefly below $95,600 during the trading day. With a demand zone between $94,300 and $95,800, the crypto asset has exhibited a liquidity sweep of equal lows around $96,200, but a clear bullish reversal has yet to take place in the short term. BitcoâŚ
In a recent client note, Standard Charteredâs Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTCâs potential extraordinary price rise to two major factors.Factors Propelling BTC PriceWhile 2024 was a âŚ
Bitcoin recent price movements have been nothing short of a rollercoaster ride. Earlier this week, BTC traded below $90,000 and quickly bounced back to above $100,000. As of today, the asset now hovers above $98,000.Amid this price performance, CryptoQuant contributor XBTManager has provided insightâŚ
Michael Saylor just announced that MicroStrategy has rebranded to Strategy. As part of the rebrand, it incorporated the Bitcoin symbol into its official logo.The firm also released its Q4 2024 Financial Results, claiming that it spent over $20 billion on BTC acquisitions during this period. This rebâŚ
The recent price slump in Bitcoin, caused by a turbulent cryptocurrency market, has sent many investors into panic mode, forcing them to offload their BTC holdings at a loss.However, blockchain analytics firm Glassnode noted that a group of Bitcoin investors remained resilient despite the crypto marâŚ
Ether has dropped nearly 70% versus Bitcoin since the Merge, weakening Ethereumâs market position and raising questions about its price outlook. Ethereumâs transition to proof-of-stake (PoS) in September 2022 aimed to be a game-changer for the network. It promised to improve energy efficiency and âŚ
El Salvador, one of the most pro-crypto countries in the world, added 5 BTC to its Bitcoin Reserve on Saturday. The country purchased over $5 million worth of BTC in the past month.This move comes as El Salvador is modifying its Bitcoin policies to align with conditions set by the International MoneâŚ
It has been less than two weeks since Donald J. Trump stepped back into the White House, and he has already rattled the cages with numerous controversial decisions. The latest came on Saturday evening as he levied hefty taxes on China but also its two neighbors â Canada and Mexico.Given the fact thaâŚ
U.S. Dollar Tether supply on major centralized exchanges is rocketing since the bull rally started in early November. Normally, this might be an indicator for the next phase of crypto prices upsurge approaching, CryptoQuant experts say. Meanwhile, the rivalry in the stablecoin segment intensifies.$âŚ
Today, in crypto, Elon Muskâs father, Errol Musk, is reportedly looking to raise $200 million through a memecoin token project called Musk It (MUSKIT). Bitwiseâs Bitcoin and Ether ETF cleared its first regulatory hurdle, and ECB President Christine Lagarde dismissed Bitcoin as a reserve asset.Elon MâŚ