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news-imageFebruary 8, 2025

A Missouri Bill Proposes Establishing a Bitcoin Reserve Fund for State Investments

House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees.
Publisher: TheNewsCrypto
Sentiment: Positive
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cover-imageInvezz
February 8, 2025

How high can Bitcoin Pepe go as more US states eye Bitcoin reserve legislation?

Over 15 US states have initiated legislative efforts to integrate Bitcoin into their financial frameworks, highlighting benefits such as economic diversification, inflation hedging, and fostering technological innovation. Utah has emerged as a leader in this movement, with its House Bill 230 advancing through the House on February 6 and now awaiting Senate approval.

Neutral
cover-imageNewsBTC
February 8, 2025

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report

The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level. Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January.

Positive
cover-imageTokenpost
February 8, 2025

Utah Moves Closer to Establishing a Bitcoin Reserve

Utah is on the verge of becoming the first U.S. state to establish a Bitcoin reserve as its Strategic Bitcoin Reserve bill advances to the Senate. House Bill 230 (HB230), also known as the Blockchain and Digital Innovation Amendments bill, passed the Utah House Economic Development Committee with an 8-1 vote on January 28.

Positive
cover-imageTokenpost
February 8, 2025

Missouri Eyes Bitcoin Reserve to Future-Proof State Finances

Missouri Representative Ben Keathley has introduced House Bill 1217, aiming to establish a Bitcoin Strategic Reserve Fund to diversify the states investment portfolio and hedge against fiat currency inflation. Filed on February 6, the bill would allow the Missouri state treasurer to receive, invest, and hold Bitcoin under specific conditions.

Positive
cover-imageNewsBTC
February 8, 2025

Bitcoin Dominance 2021 Vs. 2025: Why Striking Similarities May Show If An Altcoin Season Is Possible

As expectations of an altcoin season mount, a new technical analysis of the Bitcoin Dominance (BTC.D) draws striking parallels between the 2021 and 2025 market cycles, aiming to determine whether altcoins are on the brink of another bull run. Historically, Bitcoin Dominance has been a key indicator in predicting the likelihood of an altcoin, as a decline in BTC.D often signals a shift in investors' focus on alternative cryptocurrencies.

Positive
cover-imageCoingape
February 8, 2025

Bitcoin ETF: 8th Largest U.S Bank PNC Declares $67 Mln Exposure

The spot Bitcoin Exchange-Traded Fund (ETF) market just witnessed PNC, the 8th largest bank in the United States, declare its exposure to BTC. As revealed via its 13F filing with the Securities and Exchange Commission (SEC), PNC, with $325 billion in Assets Under Management (AUM), said it has exposure worth $67 million.

Positive
cover-imageThe Currency Analytics
February 7, 2025

New Mexico Joins U.S. States Exploring Bitcoin Reserves

New Mexico has officially joined the ranks of U.S. states exploring the use of Bitcoin (BTC) in state financial reserves. The state's new bill, introduced on February 4, 2025, has the potential to alter the way state finances are handled by proposing that a portion of public funds be allocated toward Bitcoin investments.

Positive
cover-imageCryptonews
February 7, 2025

Maryland Joins States Proposing Strategic Bitcoin Reserve

Maryland's proposed Bitcoin reserve bill aims to integrate cryptocurrency into state investments, allowing Bitcoin holdings as a financial hedge. The legislation follows similar moves in Utah and Kentucky, reflecting growing adoption at the state level. The bill also outlines guidelines for accepting crypto payments. The post Maryland Joins States Proposing Strategic Bitcoin Reserve appeared first on Cryptonews.

Negative
cover-imageBenzinga
February 7, 2025

Bitcoin, Ethereum, XRP, Dogecoin Bleed Lower As Trump Tariff Threat Looms

Crypto markets are grinding lower on Friday, with Bitcoin reversing gains on renewed tariff fears after briefly having touched $100,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,769.28 -0.8% Ethereum (CRYPTO: ETH) $2,650.07 -1.7% Solana (CRYPTO: SOL) $195.91 -2.4% XRP (CRYPTO: XRP) $2.43 -5.5% Dogecoin (CRYPTO: DOGE) $0.2502 -2.4% Shiba Inu (CRYPTO: SHIB) $0.0000153 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.2% and daily active addresses falling by 0.3%.

Negative
cover-imageCryptonews
February 7, 2025

Poland's Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report

Poland's central bank has ruled out Bitcoin as part of its national reserves, citing security risks and financial stability concerns. While other countries explore crypto reserves, Poland aligns with European regulators in favoring traditional assets like gold and foreign currencies. The post Poland's Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report appeared first on Cryptonews.

Neutral
cover-imageBitcoin
February 7, 2025

Bitcoin Price Holds Steady as Market Reacts to US Jobs Data

Today's U.S. jobs report indicated fewer positions added to the economy than expected, but bitcoin remained mostly flat on the news. Steady Bitcoin Price Reflects Cautious Market Reaction to U.S. Jobs Report Bitcoin (BTC) is trading at $97,783.95 at the time of reporting, rebounding slightly after dipping to $95,707.35 and peaking at $100,154.

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