Month: February 2025

Montana moves closer to allowing Bitcoin investment in state reserves

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The House Business and Labor Committee in Montana has advanced a bill that seeks to establish a reserve allowing investments in Bitcoin, precious metals, and stablecoins. Introduced by Representative Curtis Schomer, House Bill 429 first landed in the House on Feb. 7 and has now cleared its first major hurdle with a 12-8 committee vote on Feb. 19. Despite unified opposition from Democrats, the bill secured enough support from Republicans to move forward. Now, the bill heads to the full Montana House for a vote. If it passes there, it…

Metaplanet expands Bitcoin reserves with 68 BTC, now holds 0.01% of total supply

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Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $6.6 million purchase, bringing its total to 2,100 BTC. Tokyo-based investment firm Metaplanet announced Thursday it has purchased 68.59 Bitcoin (BTC) for about 996 million Japanese yen (or around $6.6 million), bringing its total Bitcoin holdings to 2,100 BTC, or roughly 0.01% of the total Bitcoin supply. In a Feb. 20 notice of additional purchase, the firm said the latest purchase had an average price of 14.53 million yen per BTC. Metaplanet also tracks BTC Yield, which measures changes…

Bitcoin ETFs continue outflow streak as BTC reels from geopolitical tensions

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Spot Bitcoin ETFs in the U.S. saw more net outflows on Feb. 19 as Bitcoin struggled amid delays in crypto regulations and ongoing geopolitical tensions, like the U.S.-China tariff disputes, keeping the market in a consolidation phase. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $71.07 million in outflows on Wednesday, extending their outflow streak to two consecutive days with $60.63 million exiting the funds the previous day. The majority of outflows came from Fidelity’s FBTC which saw $48.39 million withdrawn by investors followed by Valkyrie’s BRRR,…

Crypto.com’s Explosive Growth Reshapes Exchange Rankings

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Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to […] Source

Chainlink’s 40% Drop In The Past Month: Analyst Assess the Path to Recovery

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Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels. This downtrend has raised questions among investors about the possibility of a rebound and whether recent shifts in network activity might signal a potential recovery. As LINK’s performance falters, some analysts have stepped in to assess its trajectory and what might come next. Analyst Outlook On Chainlink Ali, a renowned crypto analyst, recently shared his perspective on…

As markets tumble, Lightchain AI stands out as a resilient investment opportunity

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As markets tumble, Lightchain AI stands out, raising $16.1m with AI-blockchain tech, attracting investors seeking stability. The crypto market is facing intense volatility, with major assets experiencing sharp declines. As uncertainty grips investors, many are searching for projects with real utility and long-term growth potential. Lightchain AI has emerged as a standout investment, proving its resilience even as the broader market struggles. With $16.1 million raised in its presale…

BNB Price Approaches a Key Level—Can It Clear the Hurdle?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Expert Discusses BRICS Currency Push—Is Gold-Backed System the Ultimate Solution?

Momentum for a BRICS currency is building, with gold-backed alternatives and trade strategies gaining traction, but challenges to dethroning the dollar remain. BRICS Currency and Dedollarization—Expert Exposes the Hard Truth Behind the Hype Momentum is building for a BRICS common currency as the economic bloc expands, currently comprising Brazil, Russia, India, China, South Africa, the […] Source CryptoX Portal

Bitcoin Liquidity Signals A Brutal Squeeze To $111,000: Analyst

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Este artículo también está disponible en español. While the Bitcoin price is hovering below the crucial resistance at $96,500, the liquidation heatmap on Binance’s BTC/USDT pair is sending powerful signals of a potential short squeeze to the upside. Analyst Kevin (@Kev_Capital_TA) shared his insights alongside the attached liquidation heatmap, noting signs of significant liquidity pools forming both above and below Bitcoin’s current trading range. “What we’re seeing over the last couple of days is lining up perfectly with what I have been saying,” Kevin explained, referencing his earlier market calls.…

XRP Bulls Return—Will This Be the Breakout to $3?

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XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone. XRP price started a fresh increase above the $2.550 level. The price is now trading above $2.650 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2.620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.750 resistance zone.…