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#AbuDhabiStablecoin AbuDhabiStablecoin Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. š¬ Whatās your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin Abu Dhabiās ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
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#ArizonaBTCReserve #ArizonaBTCReserve Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. š¬ Whatās your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin Abu Dhabiās ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region. š¬ How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
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$BTC In fact, there is no need to worry, because most retail investors have suffered significant losses, with many losing 60%-70%. A rise of 20%-30% is simply not enough for them to break even, so many people will not sell. At this time, when outsiders see Bitcoin breaking 100,000 and altcoins rising 10% to 20% daily, naturally more people will be unable to resist rushing in. When external funds flood in, and market sentiment reaches its peak, the main players will suddenly launch a downward sell-off. At that time, many people may fall into deep entrapment, with emotions completely collapsing. However, at present, this round of adjustment should not directly break the previous major bottom, as the upward cycle has been too short, and the main players have not accumulated enough at low levels, lacking a solid foundation for sustained upward movement. In the short term, the opening of the US stock market tonight may bring some volatility, but the overall trend should still aim to sweep away short positions around 95,700 dollars. One point to note: if Bitcoin reaches a new high but there is no significant volume increase, or if there are long upper shadows or bearish candles, then caution is warranted. Consider gradually reducing positions to lock in profits. Even if you sell early at such heights, the risk-reward ratio is still favorable.