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news-imageJanuary 29, 2025

Bitcoin Price Faces Tough Resistance: A Breakout In The Cards?

Bitcoin price started a fresh upward move above $100,000. BTC is facing resistance at $103,000 and might aim for an upside break.
Publisher: NewsBTC
Sentiment: Positive
BTC

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Positive
cover-imageThe Currency Analytics
January 30, 2025

Czech National Bank Plans 5% Bitcoin Investment for Reserves

The Czech National Bank (CNB) is considering investing 5% of its €140 billion in foreign reserves into Bitcoin. If approved, this would make the Czech Republic one of the first major Western countries to include cryptocurrency as part of its official foreign reserve holdings.

Positive
cover-imageThe Currency Analytics
January 30, 2025

Bitcoin's Supply Squeeze Could Fuel Price Surge

Bitcoin (BTC) has been experiencing a strong accumulation phase, with nearly 4.85 million BTC withdrawn from exchanges since 2020. This surge in withdrawals highlights an increasing trend among investors to hold onto their Bitcoin, removing it from centralized exchanges (CEX) and signaling a belief in Bitcoin's long-term value.

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