Texas took a step closer to accepting Bitcoin reserves as the state Senate voted on the Bitcoin Reserve bill. The bill received 25 votes in support and 30 against, meaning that it received strong bipartisan support. The bill is sent […]
The post Texas Senate Approves Bitcoin Reserve Bill, Moves to House Vote appeared first on Coinbackyard.
Méliuz, a Brazilian fintech and publicly traded company, has allocated 10% of its cash reserves to Bitcoin, which represents a substantial advancement in the cryptocurrency sector. Méliuz is now a part of an increasing number of corporations that regard Bitcoin as more than a mere speculative asset. Related Reading: Mt. Gox Stirs The Market With […]
The US government’s decision to establish a Strategic Bitcoin Reserve could significantly ease market sell pressure by up to $18 billion. In a March 7 post on X, Coinbase executive Conor Grogan estimates that federal authorities currently hold around 198,109 BTC. He suggests that the new directive, which prevents the liquidation of these holdings, effectively […]
The post US government’s Bitcoin reserve curbs potential $18 billion market sell pressure appeared first on CryptoSlate.
The North American Securities Administrators Association has sounded the alarm on crypto and social media scams, warning that fraudsters are ramping up their tactics to lure in unsuspecting investors. In a March 6 statement, NASAA flagged cryptocurrency and social media…
US President Donald Trump signed an executive order establishing the crypto reserve just before the White House crypto summit scheduled today. His move leverages roughly 200,000 bitcoins worth over $17 billion seized from criminals. The order too positions the US as a leader in state-backed crypto adoption. Led by White House and crypto czar David..
The post Trump Launches US Crypto Reserve Before White House Crypto Summit: Everything to Know appeared first on 99Bitcoins.
President Trump has signed an executive order to establish a Strategic Bitcoin Reserve, marking the biggest milestone in crypto history. But why is the crypto crash still happening?
Without a doubt, March 6 will go down in crypto history as the day when the United States—and indeed the world—legitimized Bitcoin as a worthy asset class and store of value. President Donald Trump, less than five days after mentioning his plans to create a crypto and Bitcoin reserve, officially signed an executive order that..
The post What to Expect From White House Crypto Summit After Crypto Reserve News? appeared first on 99Bitcoins.
Venture Capitalist Nic Carter comments on Trump’s March 7 White House Crypto Summit executive order to establish a Strategic Bitcoin Reserve. In a recent post on March 7, Carter praises Trump’s decision to create a Strategic Bitcoin (BTC) Reserve, saying…
As Bitcoin (BTC) attempts to reclaim the $90,000 mark, some market watchers have warned investors about Friday’s potential market volatility. Various analysts suggest that the flagship’s crypto performance could “go either direction” depending on the White House crypto summit’s outcome. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 – Here Are The Levels To Watch Bitcoin Price To See Volatile Friday Over the past two days, the crypto market has recovered from this week’s lows ahead of the US crypto summit. Last Friday, news that US President Donald Trump would host the first-ever White House crypto summit filled investors and industry participants with bullish expectations. Scheduled for March 7, several high-profile figures will attend the event, including Strategy’s Michael Saylor, Coinbase CEO Brian Armstrong, and Robinhood CEO Vladimir Tenev. Since Tuesday, Bitcoin’s price has surged around 9% from the $81,500 support to surpass the $90,000 barrier, but some market watchers have warned investors about the expected volatility for Friday’s crypto summit. Analyst Altcoin Sherpa noted that Bitcoin “doesn’t have much clarity on higher timeframes” despite retesting its post-November breakout range and holding the 200-day Exponential Moving Average (EMA). Sherpa suggested holding the $89,000 support is key for BTC’s price as the crypto summit’s volatility leaves “all options on the table.” He added that the crypto market will likely “whipsaw in both directions” this Friday. Meanwhile, trader Daan Crypto Trades pointed out that Bitcoin’s current levels are worth watching over the next few days, as it “is still struggling to hold on to the range, but bears have also failed a further breakdown after the initial rejection.” Nonetheless, he considers that the crypto summit is a “very promising sign for the next 4 years,” regardless of the outcome: It’s something we couldn’t have dreamt of the past few years. With the industry being attacked on a regular basis. Let’s hope the focus will be on the right things and that the administration is choosing the right way to do things. BTC Recovery Targets Surge To $140,000 Analyst Crypto Jelle affirmed that “things are developing well, but it all hinges on the crypto event on Friday.” He noted that an underwhelming event could trigger another sell-off, as there aren’t other potential bullish catalysts on the horizon. Jelle also advised investors “Don’t get too excited until we get some more clarity.” However, he highlighted a Potential Power of 3 (PO3) forming on BTC’s chart, targeting $140,000 “once range lows are successfully reclaimed.” This pattern divides the price cycle into three distinctive phases. In the first phase, accumulation, the price consolidates near the recent high following strong price action. The second phase, manipulation, consists of a token’s price falling below the previous phase’s support level and trading within a range below this zone. The third phase, distributions, sees a strong price breakout, building momentum and driving participants to enter the market. Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move According to the post, Bitcoin is “pushing for the reclaim” of the post-November breakout’s lower range. Holding through the $90,000-$92,000 zone “would trigger the power of three set up” third phase, which would see BTC’s price expand to new highs. After today’s rejection from the $90,000 range, the analyst signaled that Bitcoin could form a higher low around $87,500 before retesting the range lows again. At the time of writing, BTC trades at $88,372, a 1.3% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
US President Donald Trump signed an executive order on March 7 establishing a Strategic Bitcoin Reserve (SBR) and a “Digital Asset Stockpile.” Both will initially be capitalized with cryptocurrency seized via government criminal and civil forfeiture proceedings, with future acquisitions possible under budget-neutral conditions. Moments after the news went public, BTC’s price slipped from roughly […]