After Michigan, Utah, Arizona, and California, other states of the United States are stepping in into the crypto arena. Recently Indiana has joined the list with the introduction of House Bill 1322, to establish a Strategic Bitcoin Reserve. However, this bill will allow the state's pension funds to invest in Bitcoin ETFs.
Bitcoin's price dropped 6.5% on Jan. 27, falling to $97,906 as a result of a broader market decline linked to a new AI model release from China-based DeepSeek.
In a new investor note published on January 29, 2025, Matt Hougan, Chief Investment Officer at Bitwise, questioned whether the historical four-year market cycle of Bitcoin could finally be coming to an end. His reasoning is rooted in seismic shifts in US policy toward crypto, highlighted by a recent executive order from President Trump aimed at solidifying the nation's leadership in digital assets.
Bitcoin's price fell by more than 1.6% today as investors await the Federal Reserve's decision on interest rates.
Bitcoin (BTC) has seen a modest but notable 9% gain in January 2025, defying the typical slow start to the year. However, despite this positive growth, market sentiment remains cautious, as traders reduce their exposure to Bitcoin in response to looming uncertainties.
The crypto market has successfully regained momentum with top cryptocurrencies displaying a positive price action for the second consecutive day. Successively, Bitcoin, Ethereum, and Ripple tokens have recorded the highest gains this week among top altcoins. Evaluating the current market trends, investors are closely monitoring the price action of top cryptocurrencies.
El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund.
Bitcoin's (BTC) initial reaction to the FOMC meeting and the decision not to cut the rate was a short-term selloff. The price dropped to $101,365 but recovered 4.01% and currently trades at.
El Salvador's Congress has swiftly approved amendments to its Bitcoin laws, aligning with a deal struck with the International Monetary Fund (IMF) to scale back its crypto exposure. The post El Salvador Congress Amends Bitcoin Laws to Meet IMF Agreement on Crypto Exposure appeared first on Cryptonews.
Trump's crypto czar David Sacks confirmed on Fox News that a national BTC reserve is being studied, but the market isn't buying it
In 2014, Bitcoin showed a change of -57.6%. In 2018 and 2022, it also showcased -73.3% and -64.3% changes, respectively. This implies that the Bitcoin market follows a four-year boom and bust cycle. In short, every fourth year, the market experiences a crash.
The crypto market has taken a notable upswing, after the FED's decision to keep the rates unchanged at 4.25% to 4.5%. As a result, the market cap of the business has soared by 2.63% to $3.56 trillion. Traders and investors have helped shoot up the intraday trade volumes by 12.65% to $128.32 billion.
Tesla reported a $600 million gain from its Bitcoin holdings in Q4 2024, thanks to new FASB accounting rules.
Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee's decision yesterday to keep interest rates unchanged weighs on investor sentiment.
El Salvador has made a big change to its Bitcoin laws to follow the rules set by the International Monetary Fund (IMF). This change comes as part of a $1.4 billion loan agreement with the IMF, which asked the country to reduce its involvement with Bitcoin.
Tesla saw a boost in its financial performance in the fourth quarter of 2024, thanks in part to its Bitcoin holdings.
Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to distribute their coins.
Under Trump's leadership, Bitcoin has found its place in the mainstream financial system, and companies are finding new ways to incorporate it into their financial strategies.
Bitcoin rose to $105,000 following the Fed's decision to hold rates steady, with Chair Jerome Powell signaling openness to crypto banking.
CME Group, the worlds top derivatives marketplace, will introduce options on Bitcoin Friday futures on February 24, pending regulatory approval. These financially-settled options will offer expirations every business day, enhancing traders flexibility in managing short-term Bitcoin price risk.
Changpeng Zhao is once again stirring discussions on national Bitcoin adoption. The Czech Republics central bank has proposed allocating 5% of its reservesaround $7.3 billioninto Bitcoin, potentially securing over 71,000 BTC at current prices.
Illinois and Indiana have introduced bills to establish a Strategic Bitcoin Reserve. They join a growing list of US states exploring Bitcoin as a financial asset.
Cryptocurrencies gained on Wednesday, bucking the stock market's decline as the Federal Reserve held interest rates steady. Bitcoin and other major digital assets advanced following comments from Fed Chair Jerome Powell, who signaled that banks can continue serving crypto customers if they effectively manage the associated risks.
Mark Karpeles, former CEO of Mt. Gox, recently shared insights on Bitcoins role in shaping modern finance.
Shiba Inu (SHIB) is witnessing one of 2025s most significant price declines, resembling a falling knife pattern. The token has dropped to $0.00001817, with $0.000020 now acting as resistance.
Bitcoin (BTC) has experienced sharp price fluctuations, trading between $100,238.19 and $103,730.82 in the past 24 hours. Amid this volatility, CryptoQuant CEO Ki Young Ju has issued a cautionary warning to investors, citing increased taker sell pressure.
The price of Bitcoin, the leading cryptocurrency, has managed to reclaim the $105,000 level despite the Federal Reserve's hawkishness.
With the new rule, Tesla's digital asset holdings grew to $1.076 billion at the end of 2024 from $184 million the previous quarter.
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments.
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.
The crypto prices today, January 30, have brewed significant optimism among investors despite unchanged interest rates in the latest U.S. FOMC meeting. Bitcoin (BTC) price recovered to trade near the $105K level, whereas top altcoins such as Ethereum (ETH), Solana (SOL), and XRP also pumped in sync.
A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B. The post Tesla Enjoys $600M Bitcoin Profit Jump After Accounting Rule Change appeared first on Cryptonews.
Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal.
Bitcoin and altcoins rally after the Fed's rate pause, with BTC breaking out of a bull flag pattern and targeting $116K. Powell's crypto remarks and Trump's policies fuel further optimism.
SEC's closed meeting sparks speculation on Ripple's case. Will a leadership shift end the legal battle and drive XRP to new highs?
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.
Tesla's net income was boosted by a recent change in how companies account for their holdings of digital currencies.
Bitwise's Matt Hougan said crypto wouldn't “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before.
Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone.
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
Metaplanet raised $760M to buy 10,000 BTC by 2025, adopting MicroStrategy's strategy as its stock surged 245% since November.
Tesla's Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule.
El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
Bitcoin has experienced significant volatility in recent days, navigating through bearish sentiment and market uncertainty. Despite this, BTC remains strong above the $100K mark, holding a key psychological and technical level.
Bitcoin shot up 4.5% on Jan. 29, climbing to around $105,000 after the Federal Reserve decided to hold interest rates steady. Traders snapped back to riskier assets after five straight days of losses.
The operation will mine Bitcoin and several other tokens as part of the firm's broader venture mining push.
Steve Kurz, Galaxy global head of asset management, joins 'Fast Money' live in Miami talks the direction of crypto in 2025.
Bitcoin is once again gaining traction, and a discernible increase in trading volume indicates that market volatility is returning. The price is resilient above important support levels, currently trading at about $102,700.