A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability. Bill Introduced in Pennsylvania to Build Bitcoin Reserves for State Funds Pennsylvania State Representative Mike Cabell announced Tuesday that he is introducing a bill to allow the state’s Treasury and pension […] Original
“In view of bitcoin’s impressive rally since the US election, our view is that $100,000 – $120,000 may not be too far off,” traders at QCP Capital said in a Telegram broadcast. “We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office” Original
Galaxy Digital’s CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin’s value could surge to $500,000 if the U.S. establishes a […] Original
Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside…
Skybridge Capital’s founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration’s approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo. As an investor […] Original
The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex Hacker The U.S. Department of Justice (DOJ) announced Thursday that Ilya Lichtenstein has been sentenced to prison for his role in a major cryptocurrency […] Original
Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck’s Sigel Sigel’s outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally. Following recent price surges, he […] Original
Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and State Investment Fund — into Bitcoin (BTC). Cabell argues that Bitcoin could act as a hedge against inflation, helping protect the state’s economy amid economic volatility. The bill, known as the Pennsylvania Bitcoin Strategic Reserve Act, aligns with a broader interest in Bitcoin as a store of value in the…
Deribit reached an all-time high in open interest this week, totaling $37.6 billion across bitcoin and ether contracts, signaling intensified activity in cryptocurrency derivatives amid bitcoin’s recent price volatility. Amid Bitcoin’s Climb, Deribit Reaches Unprecedented Open Interest High Deribit, a prominent platform for cryptocurrency derivatives trading, has reached an all-time high in open interest across […] Original
This week, the bitcoin bull and venture capitalist Tim Draper shared his excitement on X about Donald Trump’s potential next term. “Every job they cut in the government will create three jobs in the private sector,” Draper eagerly stated. Bitcoin Enthusiast Draper Anticipates Trump’s Next Term Will Unleash Private Sector Growth Venture capitalist Tim Draper […] Original