Ohio proposes the Ohio Bitcoin Reserve Act to hedge against dollar devaluation by investing in Bitcoin as a state reserve asset. The post Ohio lawmaker pushes for state-backed Bitcoin reserve appeared first on Crypto Briefing.

Bitcoin sees classic BTC price sell-side pressure into the Federal Reserve's next key decision on interest rates.

The Ohio Bitcoin Reserve Act seeks to incorporate bitcoin into the state's financial reserves while diversifying its investment portfolio. Rep. Merrin Wants Bitcoin in Ohio's State Treasury Ohio State Representative, Derek Merrin has introduced the Ohio Bitcoin Reserve Act, a legislative bill granting the state treasury the authority to invest in bitcoin (BTC).

With Bitcoin (CRYPTO: BTC) prices peaking to all-time high levels, MicroStrategy's (NASDAQ:MSTR) aggressive Bitcoin accumulation strategy has once again become a focal point in discussions among traders and analysts. What Happened: In a tweet on Monday, industry expert Alex Kolicich addressed common misconceptions about MSTR in a recent tweet, explaining that the stock is neither a leveraged nor a synthetic call option on Bitcoin.

Bitcoin's recent price action and funding rate data reveal a market that is both stable and poised for growth. Analysts have pointed to healthy funding rates, with no signs of excessive speculation or overheating, suggesting that Bitcoin's bullish momentum has plenty of room to continue.

According to a report from Blockspace Media, there's a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Bitcoin hit a new high of $108,000 recently. President-elect Donald Trump confirmed on December 12th that he would implement a Bitcoin Strategic Reserve, and there are also rumors about Russia adopting a similar plan. These developments have sparked discussions about how they could affect Bitcoin's price and other asset classes.

Bitcoin has retreated from its record high above $108,000, taking a breather from its bullish uptrend. This comes as the Federal Reserve is forecast to issue another rate cut Wednesday and potentially suggest fewer rates cuts than expected in 2025.

MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders. He also talks about potentially advising the Trump administration on crypto and says he's still buying up Bitcoin.

MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders. He also talks about potentially advising the Trump administration on crypto and says he's still buying up Bitcoin.

The overton window has officially shifted and Bitcoin is going mainstream.

Bitwise Chief Investment Officer (CIO) Matt Hougan has predicted that Bitcoin could easily reach $500,000 if the Strategic Bitcoin Reserve happens. The Bitwise CIO explained how the introduction of the Bitcoin Reserve would cause a ripple effect that would send the flagship crypto to this price target.

MicroStrategy founder and Chairman Michael Saylor has reiterated his belief in Bitcoin's superiority over gold as the cryptocurrency continues to break new ground. His latest statements come in the wake of BlackRock's Bitcoin ETF achieving record growth, surpassing their gold ETF's 20-year milestone in less than a year.

Crypto markets are bracing for turbulence as Donald Trumps inauguration draws closer. Arthur Hayes warns that high expectations for crypto policy shifts may lead to a sell-off before markets find stability later in 2025.

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Bitcoin risks a 14% drop as technical indicators, including a rising wedge breakdown, Gravestone Doji, and elevated NUPL levels, point to growing sell pressure.

A notable divergence has recently formed between the Coinbase Premium Index and Bitcoin's price, as sighted by CryptoQuant. This divergence tilts toward the negative side despite the momentous rally in the price of Bitcoin.

Metaplanet expects ¥890M ($5.8M) in revenue for FY2024, marking a 240% increase from last year. Bitcoin put options generated ¥520M, becoming a key revenue source.

Bitflow, a decentralized exchange (DEX), and Pontis, a decentralized finance (DeFi) platform, have introduced the first-ever Bitcoin Runes Automated Market Maker (AMM) on Stacks, a Bitcoin (BTC) Layer-2 (L2) scaling solution, as reported to Finbold on Wednesday, December 18.

TL;DR SatLayer integrates with the Sui blockchain to expand Bitcoin's use in DeFi applications, allowing developers to secure dApps with Bitcoin's value and security. The collaboration strengthens the security of decentralized applications on Sui, a blockchain focused on fast transactions and scalability.

Bitcoin's upside momentum is holding firm, reaching a new all-time high and showcasing potential for more price growth towards critical resistance levels. While the recent move has triggered a wave of optimism about its future performance, pessimism still lingers among many individuals.

A popular market analyst known for his timely crypto calls is predicting Ethereum (ETH) will suddenly return to its all-time high. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Ethereum may surge more than 23% from its current value and start outperforming against Bitcoin (ETH/BTC).

Renowned investor and author of the personal finance book ‘Rich Dad Poor Dad,' Robert Kiyosaki, has been bullish on Bitcoin (BTC) for years.

QCP Capital has issued a cautious outlook for markets ahead of the Federal Reserve's final meeting of 2024, citing potential volatility amid decreasing liquidity and technical signals for Bitcoin (CRYPTO: BTC). The firm also noted growing optimism for crypto in 2025, fueled in part by speculation surrounding Donald Trump's return to office and emerging Bitcoin-related policy proposals, such as a draft Executive Order for a strategic Bitcoin reserve.

Bitcoin and ethereum exchange-traded funds (ETFs) had a smashing day on Tuesday, gobbling up a collective total of $638.69 million in positive inflows. $639M Inflows Propel Bitcoin and Ethereum Funds U.S. crypto ETFs were on fire Tuesday with spot BTC ETFs hauling in $493.95 million and the ETH ETFs a bit further behind, capturing $144.

The venture between BitGo and BiT Global provided a reminder of the distrust many BTC holders still have for centralized custody, according to a new report

In an exclusive interview with Yahoo Finance, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his bullish outlook on Bitcoin, projecting significant price appreciation by the end of 2025. “We expect Bitcoin to be up above $200,000 by this time next year,” Hougan stated, attributing this forecast to three primary sources of demand: exchange-traded funds (ETFs), corporate investments, and governmental acquisitions.

Daniele Bernardi shares key insights into the future price of Bitcoin.

The Bitcoin market has pulled back again in the early hours of Wednesday, as the market continues to see a lot of buying pressure regardless. At this point in time, the market remains a “buy on the dips” scenario.

President-elect Donald Trump on Monday met Crypto.com CEO Kris Marszalek to discuss topics related to the digital asset industry, including reportedly a strategic Bitcoin (CRYPTO: BTC) reserve. What Happened: The meeting focused on crafting a clear regulatory framework for digital assets and bolstering the U.S.'s leadership in crypto innovation, Bloomberg reported, citing a a person familiar with the discussion.

The price of Bitcoin is plummeting, falling below its peak and leading to significant market liquidations. Bitcoin is currently trading at $105154 with a slight downward trend, retracing from its recent highs of about $106,000, according to the price chart provided.

Matthew Sigel, head of digital assets research at global asset management firm VanEck, suggested in a recent interview with Natalie Brunell that the U.S. government might establish a strategic Bitcoin reserve in 2024.

Ohio State Representative Derek Merrin introduced a bill to establish a Bitcoin reserve in the state's treasury. Ohio becomes the third US state to do so after Texas and Pennsylvania.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

One popular analyst suggests that the bull run could be over in Q1, 2025.

A well-known crypto analyst has identified a selection of altcoins poised for growth following Bitcoin's recent rally.

Is adding Bitcoin to U.S. reserves a sign of weakness or strength? Let me tell you why Nic Carter has it all wrong.

SatLayer's integration with Sui is aimed at providing developers with a new way of leveraging Bitcoin to secure decentralized applications.

Metaplanet, a Japanese investment firm known for its Bitcoin accumulation strategy, is on track to achieve its first operating profit in seven years.

In the rapidly evolving landscape of cryptocurrency, Cryptokeying has set a new standard for accessibility and profitability in cloud mining. The innovative platform offers a simplified approach to digital currency mining for both new and experienced investors.

Bitflow's automated market maker uses Stacks' Nakamoto upgrade with the aim of addressing some shortcomings inhibiting Runes trading.

The Trump administration's proposal to establish a US Bitcoin reserve has sparked significant debate among financial experts, crypto enthusiasts, and policymakers alike.

"There are no politically acceptable solutions available to Trump to quickly bring about such change," the BitMex co-founder wrote.

Jeremy Allaire, Circle CEO and co-founder, recently discussed stablecoin legislation and Bitcoin's role within the global financial sector. Allaire, a long-time voice in the crypto space, said constructive regulation should continue to help the growth and innovation of the digital asset market.

Sellers have returned to the game, according to CoinMarketCap.

Robert Kiyosaki, finance expert and investor, also famous as the author of the popular book on asset management “Rich Dad Poor Dad”, has taken to his official account on the social media platform X (widely known as Twitter previously) to make a stunning Bitcoin price prediction for next year.