Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve. President Donald Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases…
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Strategy founder Michael Saylor has proposed that the United States government aims to acquire up to 25% of Bitcoin’s total supply over the next decade for its Strategic Bitcoin Reserve. “Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC…
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Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000. “What it needs is a trigger. I think that trigger may be as simple as the Fed not cutting rates at all this year,”…
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El Salvador acquired 13 Bitcoin (BTC) since March 1, despite International Monetary Fund (IMF) pressure on the country’s public sector to stop accumulating the decentralized store of value asset. According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury holds a total of over 6,105 BTC, valued at more than $527 million at current…
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White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin (BTC) reserve and the crypto stockpile with digital assets. During a recent appearance on the All In podcast, host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency…
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The Bitcoin (BTC) community voiced mixed reactions to the March 7 White House Crypto Summit, with some investors characterizing it as a historic day for Bitcoin and cryptocurrencies, while others called the event underwhelming. Crypto trader Miles Deutscher said the event was a “massive net positive” for Bitcoin, despite the mixed reactions. Kyle Samani, the…
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In February, Nigeria sued Binance for unpaid taxes and introduced new cryptocurrency taxations in an effort to boost its faltering economy, but it may not have the intended effects. As the 53rd largest economy in the world, Nigeria is predicted to enjoy the highest average GDP growth between 2010 and 2050, according to Citigroup. However,…
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US President Donald Trump has placed cryptocurrency at the center of his economic strategy, marking a major policy shift for the US blockchain industry, according to Crypto.com CEO Kris Marszalek. Trump hosted a White House Crypto Summit on March 7, signaling that he intends to make crypto policy a national priority and make the US…
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Women are showing an increased interest in cryptocurrency investments, with the majority favoring long-term strategies and lower-risk assets like Bitcoin despite reporting a lack of industry knowledge, according to a new Bitpanda survey shared exclusively with Cointelegraph. According to the survey, 50% of female crypto investors prioritize long-term financial growth, with 49% holding digital assets…
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Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 sparked the first allegations of Operation Chokepoint 2.0.…
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