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news-imageFebruary 24, 2025

Second Bitcoin reserve bill introduced in Georgia, now without investment limit

Another Bitcoin reserve bill has been introduced in Georgia to allow the state treasurer to invest in Bitcoin without limits, only 10 days following the first bill's submission.
Publisher: Crypto news
Sentiment: Positive
BTC

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Positive
cover-imageBitcoin
February 24, 2025

Strategy Nears Half-Million Bitcoin Custody Milestone With New $1.99 Billion Acquisition

On Monday, Michael Saylor, CEO of enterprise analytics firm Strategy (formerly Microstrategy), revealed the company procured 20,356 Bitcoin for $1.99 billion. Michael Saylor's Strategy Adds 20,356 Bitcoin to Portfolio Amid Market Fluctuations The transaction marks Strategy's latest expansion of its cryptocurrency portfolio since its prior $8 billion purchase on Feb. 10.

Positive
cover-imageBenzinga
February 24, 2025

Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target

Bitcoin (CRYPTO: BTC) is poised to reach $180,000 by the end of 2025, according to a prediction from Grok 3, an AI developed by xAI, driven by growing institutional adoption and potential U.S. strategic reserve status. What Happened: The analysis, prompted by Strategy (NASDAQ:MSTR) executive chairman Michael Saylor's query on X on Sunday about the best crypto asset, positions Bitcoin as the dominant cryptocurrency in a $3.23 trillion market.

Neutral
cover-imageNewsBTC
February 24, 2025

Is The Bitcoin Price Manipulated? Expert Exposes The Truth

In a new research report shared on X, Joe Consorti, Head of Growth at Theya, has dispelled ongoing rumors alleging that the Bitcoin price is being artificially held down. Consorti lays out a comprehensive examination of on-chain data, pointing to the normal cyclical behavior of long-term holders (LTHs) and their profit-taking patterns as key drivers of bitcoin's current trading dynamic.

Negative
cover-imageThe Currency Analytics
February 24, 2025

Bitcoin Faces Prolonged Consolidation as Market Sentiment Weakens

Bitcoin, the leading cryptocurrency, is facing a period of market uncertainty, according to recent data from CryptoQuant. In a report released on February 23, 2025, analyst “Avacado onchain” highlighted that Bitcoin's price has been trapped in a range between $90,000 and $106,000 for several weeks.

Negative
cover-imageCrypto Economy
February 24, 2025

Bitcoin Investors BEWARE: This Week's Economic Events Could Shake the Market

TL;DR This week's key economic events include the Consumer Confidence Report, housing market data, Nvidia's earnings, US GDP report, PCE inflation report, and multiple Fed speeches. Strong economic data could boost Bitcoin's value by encouraging investors to take on more risk, while weak data or high inflation could lead to increased market volatility.

Negative
cover-imageCoingape
February 24, 2025

El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF's $1.4B Loan Pressure

El Salvador, the first country to accept Bitcoin as a legal tender, has paused its BTC purchases, shocking the entire crypto community. Despite the country's commitment to buying one token of the biggest cryptocurrency in the market daily, it has stopped the process amid pressure from the International Monetary Fund (IMF) 's $1.4 billion loan.

Neutral
cover-imageBenzinga
February 24, 2025

Bitcoin Remains Stuck Below $96,000: Why Is It Not Moving?

Bitcoin's (CRYPTO: BTC) sideways movement over the past week has prompted analysts to look at macroeconomic influences and historical patterns for indicators of the next move. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bitcoin (CRYPTO: BTC) $95,712.56 $1.89 trillion -0.5% -0.5% Ethereum (CRYPTO: ETH) $2,687.27 $324 billion -4% -2.1% XRP (CRYPTO: XRP) $2.47 $143.5 billion -3.7% -7.4% Trader Notes: In a podcast from Feb. 21, Cowen noted that Bitcoin is stuck in a broadening wedge, waiting for a strong catalyst.

Positive
cover-imageBenzinga
February 24, 2025

Bitcoin Poised For Growth? Analyst Says 'One More Flush' Could Set Stage For Surge

Cryptocurrency analyst James Van Straten shared his optimistic perspective on Bitcoin's (CRYPTO: BTC) ongoing market consolidation on Saturday, describing it as “bullish.” What Happened: In an X post, Van Straten noted that, unlike the choppy period of 2024, Bitcoin's price has consistently stayed above the Short-Term Holder Realized Price in the current cycle.

Negative
cover-imageInvezz
February 24, 2025

Montana lawmakers reject Bitcoin reserve bill: here's why

Montana's House Bill No. 429, which sought to establish a state-backed Bitcoin reserve, has failed to move forward after a crucial vote in the state's House of Representatives. The bill was rejected by a 41-59 vote on February 22, dealing a significant blow to efforts to integrate Bitcoin into state financial reserves.

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