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news-imageDecember 28, 2024

Cryptoquant CEO: US Strategic Bitcoin Reserve Adoption Unlikely Amid Economic Strength

Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard' Needs U.S.
Publisher: Bitcoin
Sentiment: Negative
BTC

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Negative
cover-imageNewsBTC
December 29, 2024

CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst

Some analysts raised their concerns that Bitcoin might experience a possible crash which will be driven by the Chicago Mercantile Exchange (CME) gap leading to a huge drop in its price. Since Bitcoin needs to fill in the gap, crypto traders predict it might push the firstborn cryptocurrency near the critical CME gap, suggesting that its price could go as low as $77,000 per coin.

Neutral
cover-imageBitcoin
December 29, 2024

Japan Hesitates on Bitcoin Reserve, While US Debate Rages

The Japanese government says discussions about making bitcoin (BTC) a reserve asset are still in the early stages. Lawmaker Urges Japan to Emulate the US The Japanese government says discussions about making bitcoin (BTC) a reserve currency are still in their early stages, making it difficult to express a view on the topic.

Neutral
cover-imageTokenpost
December 29, 2024

Bitcoin Purchases Unlikely for US Government in 2025 but Reserve Policy May Expand, Says Galaxy Research

According to Galaxy Research, the US government is not expected to buy Bitcoin in 2025 but may initiate significant discussions to expand its Bitcoin reserve policy, signaling strategic shifts in its cryptocurrency approach. US Governments Bitcoin Reserve Policy Sparks Debate On Dec. 27, Galaxy Research chief of research Alex Thorn claimed, The US government will not purchase Bitcoin in 2025.

Negative
cover-imageNewsBTC
December 28, 2024

Bitcoin Next Move Hinges On Critical $96,600 Region – Here's Why

The price of Bitcoin saw no overall gain over the past week as the premier cryptocurrency continued to undergo a market correction. Despite multiple upward movements, Bitcoin struggled to break past the $100,000 resistance with its price performance in December continuing to deviate from earlier bullish predictions.

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