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A technical analysis pattern hinting at bull reversal has appeared on bitcoin's (BTC) daily price chart as market participants look to Wednesday's U.S. inflation data to put a floor under risk assets.BTC has recently taken a beating, falling from $100,000 last month to under $80,000 this week due to…
The dollar languished near a five-month low versus major peers on Wednesday, as worries about the U.S. economy continued to simmer under President Donald Trump's unpredictable trade policies.The euro hovered close to a five-month peak on increased optimism for an end to the war in Ukraine.The Ca…
US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin a year over five years for a total acquis…
A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset.In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state’s comptroller not be allowed to invest more than $250 million of…
Bitcoin dailyThe US strategic bitcoin reserve announcement wasn't the catalyst that bitcoin bulls hoped it would be. Instead, it's created a flurry of 'sell the fact' trades that have it threatening the lowest levels since the election.Bitcoin is currently trading down $3000 and just above $80,000. …
Michael Saylor, the founder of Strategy, has proposed that the U.S. government acquire 25% of Bitcoin's total supply by 2035 to establish a Strategic Bitcoin Reserve. He suggests that the government systematically purchase 5-25% of Bitcoin’s supply through daily acquisitions between 2025 and 2035, b…
Crypto is still expressing its disappointment over the Trump Crypyo 'Reserve' that wasn't.Bitcoin smashed lower after Trump reversal on Bitcoin reserve - its just a stockpileBitcoin falls below $83,000 as US bitcoin reserve news disappointsThe liquidation has taken it below US$81K and nearly to 80K.…
For US citizens, tax season has arrived, and for crypto investors, this process entails checking multiple exchanges, wallets, decentralized exchanges and more to organize heaps of data and attempt to comply with Internal Revenue Service (IRS) crypto tax policies, which shift like grains of sand in a…
TL;DRADA on the Run AgainCardano’s native token has experienced huge volatility in the past few days. On March 3, its priceskyrocketedabove $1.10 after Donald Trumpconfirmedthat his administration would establish a strategic crypto reserve that includes ADA and other cryptocurrencies.However, the ra…
Wall Street's main stock indexes slipped on Monday after data showed that new orders at U.S. factories fell in February, while investors awaited details on tariffs on top trading partners that are expected to kick in at the end of the day. At 13:30 EST, the Dow Jones Industrial Average was down 0.9…
Bitcoin broke through the 61.8% retracement of Sunday's surge higher and is now only $2500 above when Trump tweeted about a strategic reserve including bitcoin and at least 4 other cryptos.Bitcoin intradayIt's a disappointing outcome but I highlighted that Trump's tweet had no money behind it, nor a…
Sunday's Trump bump in crypto has mostly vanished nearly as quickly as it appeared.In mid-afternoon U.S. action, bitcoin is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve.Ether is now actually…