VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a Strategic Bitcoin Reserve.

Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone.

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28.

On Sunday, President-elect Donald J. Trump revealed that Stephen Miran, who previously served during Trump's first term, will helm the Council of Economic Advisers. Miran is seen as a pro-bitcoin ally, openly advocating for cryptocurrencies' role in driving both innovation and economic progress. Trump Taps Stephen Miran to Shape U.S.

Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bitcoin has been on a correction path since it reached a new all-time high of $108,135 on December 17. Notably, this correction has seen the leading cryptocurrency decline by about 10% up until the time of writing and even breaking below $93,000 very quickly.

Rich Dad Poor Dad author Robert Kiyosaki believes that the world is in trouble amid a financial system that runs on inflation and currency debasement. Kiyosaki tells his 2.

Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado.

Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin's (CRYPTO: BTC) volatility are exaggerated. What Happened: In an interview on Friday, Scaramucci pointed to Saylor's long-term debt strategy as evidence of MicroStrategy's resilience.

The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations.

Bulls remain in control of the cryptocurrency space even as the fear & greed index eases to a neutral level of 59 as at the time of writing. Analysts forecast an unparalleled bull run in 2025; an aspect that has pushed investors to look for profitable investment opportunities beyond Bitcoin.

VanEck, a leading asset management firm, has recently projected that the United States could significantly cut its national debt by as much as 36% by 2050 through adopting a Strategic Bitcoin Reserve.

MicroStrategy co-founder Michael Saylor has suggested that suggested that Amazon founder Jeff Bezos should consider buying $100 million worth of Bitcoin instead of splurging all this cash on a lavish wedding.

Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation's Bitcoin holdings.

Google's new quantum chip, Willow, drastically reduces computation times.

Crypto analyst Anthony Pompliano, founder of Pomp Investments, remains optimistic about Bitcoin (CRYPTO: BTC) despite its recent drop below the $100,000 milestone. What Happened: In a recent interview with FOX 5, Pompliano predicted that "2025 will continue to be a great year for Bitcoin.

If the United States boldly leaps into action with a strategic bitcoin reserve under the Trump administration, this daring move could spark a worldwide financial upheaval, crowning bitcoin proponents as the ultimate guardians of freedom in a crumbling fiat realm.

Bitcoin (BTC) is seeking to extend its impressive 2024 run into the new year, aiming to reclaim and establish its price above the $100,000 mark.

According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.

Bitcoin (BTC) has experienced a 5% dip over the past week. As of this writing, the leading coin trades at $96,905, below the key $100,000 price level.

Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices.

Crypto hedge funds post exceptional returns, Riot secures massive funding, and North Korean hackers set new crypto theft records in today's edition of the weekly recap.

Bitcoin has plunged 12% in the last five days since setting a new high, while Dogecoin and XRP have fallen hard after recent milestones.

Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion. Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news.

On Sunday, Dec. 22, 2024, bitcoin's price dropped under the $96,000 mark, hitting a low of $95,135 per unit. This dip comes after bitcoin soared past the $100,000 milestone earlier this month, marking an impressive run for the cryptocurrency.

Quantum computing is not an immediate threat to Bitcoin, with current technology far from breaking its security. Bitcoin is preparing for the future by enabling upgrades like Taproot for easy integration of quantum-resistant tech.

U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act.

A major player in the cryptocurrency market found itself on an unusual side of history after experiencing its largest outflows in months. Related Reading: Fed Can't Hold Bitcoin, No Plans Yet To Change Law, Powell Says The leading asset manager BlackRock ended the inflow streak of its Bitcoin exchange-traded fund after recording a $72.

Having a solid saving plan is essential, and what better way to save than with Bitcoin? A crypto saving plan offers a hassle-free way to grow your investments over time using Dollar-Cost Averaging (DCA).

The cryptocurrency market faced a significant setback this week as Bitcoin ETFs recorded unprecedented outflows. The trend has raised concerns about investor confidence, with major players like BlackRock and Fidelity witnessing their largest withdrawals since inception.

Bulls could not hold the gained initiative until the end of the week, according to CoinMarketCap.

The United Arab Emirates (UAE) now holds $40 billion in Bitcoin, according to a report shared by Binance founder Changpeng “CZ” Zhao. The Gulf nation has spent years building the foundation for this moment.

Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns.

The NUPL indicates that Bitcoin is in its final run stages with a target between $130k and $160k.

The calm of Sunday morning was shattered today by a sudden massive Bitcoin (BTC) shift. According to a report by Whales Alert, 8,427 BTC, equivalent to $818.69 million, were shifted between two unknown wallets.

Retail Bitcoin traders brace for sub-$90K levels as whales quietly accumulate. Discover how market sentiment is shaping BTC's next major move. The post Bitcoin Pessimism Among Retail Traders Points to Possible Market Bottom appeared first on Cryptonews.

Donald Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth"

Nate Geraci, a well-known expert in the field of Bitcoin ETFs, recently expressed his optimism about the launch of an unusual fund proposed by Nexo, a major player in fintech. This fund, named Nexo 7RCC, combines investments in spot bitcoin and futures contracts on carbon credits, a first in the ETF sector.

Bitcoin's (BTC) price movement correlation with the global money supply (M2) is signaling a possible massive correction for the asset as it seeks to breach the six-figure valuation mark.

Bitcoin has experienced a notable price correction, dropping by 15% from its recent all-time high of $108,300. This sharp decline signals a rapid shift in market sentiment, transitioning from an extremely bullish outlook to one characterized by uncertainty and caution.

The US Federal Reserve's public consideration of reduced interest rate cuts in 2025 resulted in numerous negative effects on financial markets. Aside from a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap.

Analyst warns of jumping on altcoin discounts as bearish signals persists.

The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network's security.

Investment manager VanEck has projected that the Bitcoin Reserve, as proposed under Senator Cynthia Lummis's BITCOIN Act, could hold up to 35% of the US national debt by 2050. This will offset about $42 trillion of the country's liabilities, it claimed.

The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter.

With many altcoins posting double-digit gains, it looks like they're ready to take center stage while BTC catches its breath. But staying vigilant is key.