Optimism | Chauhan_Indi on Binance Square

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Optimism

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$BTC Arizona is about to make history by becoming the first U.S. state to have a bitcoin reserve. With the approval of various historic bills, the state could allocate up to 10% of its public assets into cryptocurrencies, paving the way for a new era in American public finance.

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#AirdropStepByStep Arizona is about to make history by becoming the first U.S. state to have a bitcoin reserve. With the approval of various historic bills, the state could allocate up to 10% of its public assets into cryptocurrencies, paving the way for a new era in American public finance.

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#AbuDhabiStablecoin Arizona is about to make history by becoming the first U.S. state to have a bitcoin reserve. With the approval of various historic bills, the state could allocate up to 10% of its public assets into cryptocurrencies, paving the way for a new era in American public finance.

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#ArizonaBTCReserve Arizona is about to make history by becoming the first U.S. state to have a bitcoin reserve. With the approval of various historic bills, the state could allocate up to 10% of its public assets into cryptocurrencies, paving the way for a new era in American public finance.

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Bitcoin price rallied above $95,000 on Monday and is hovering at its highest level since February 24 as the recent rally continued. The ongoing Bitcoin btc-0.2%Bitcoin recovery has been driven by recent optimism surrounding a potential trade deal between the United States and China. Bitcoin and other altcoins also jumped after Trump hinted that he was not going to fire Jerome Powell, the Federal Reserve Chairman. Trump has changed his mind on tariffs and Powell’s firing following recent turmoil in the bond market, driven by bond vigilantes. Bitcoin now has another major catalyst that could push its price higher over the longer term: the soaring unrealized losses among U.S. banks. The recent bank earnings season revealed that U.S. banks are holding over $482 billion in unrealized losses. These unrealized losses stem from longer-dated Treasury bonds that banks purchased during the era of low interest rates.

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