#BTC
The price of Bitcoin is continuing to move near $108,850 amidst a limited downward trend despite an improved market sentiment and new developments in the political and sectoral landscape. In Germany, the Alternative for Germany (AfD) party has proposed classifying Bitcoin as a strategic national asset, while mining company TeraWulf announced a massive $500 million funding to enhance its expansion in the artificial intelligence sector, and Binance has unveiled a new partnership to enhance transparency with Bubblemaps.
On the monetary front, the reduction of U.S. interest rates to 4% has triggered short-term volatility in the market, as investors are looking at the support area at $108,900 as a crucial level for the upcoming Bitcoin price direction.
The German opposition calls for Bitcoin to be included among strategic national assets
The Alternative for Germany (AfD) - the largest opposition force in the country - has proposed to consider Bitcoin as a strategic national asset, and to exempt the currency from the European Digital Assets Markets Regulation (MiCA).
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