US Senator David McCormick has announced the purchase of Bitcoin worth up to $600,000 through the Bitwise Bitcoin ETF. This significant financial move by the senator highlights the growing political interest in digital assets, which could potentially influence policy-making and market dynamics.
Senator McCormick, from the Digital Assets Subcommittee, invested between $260,008 and $600,000 in several Bitcoin ETF transactions. The acquisitions made in February and March 2025 underscore the increasing political interest in Cryptocurrency.
"2025 is the year for digital assets. Blockchain and digital assets provide opportunities for Pennsylvania and America to lead the next wave of innovation, enhancing our national security and economy. Proud to be a member of the Senate Banking Subcommittee for Digital Assets," said David McCormick, US Senator, Digital Assets Subcommittee.
$BTC US Senator David McCormick has announced the purchase of Bitcoin worth up to $600,000 through the Bitwise Bitcoin ETF. This significant financial move by the senator highlights the growing political interest in digital assets, which could potentially influence policy-making and market dynamics.
Senator McCormick, from the Digital Assets Subcommittee, invested between $260,008 and $600,000 in several Bitcoin ETF transactions. The acquisitions made in February and March 2025 underscore the increasing political interest in Cryptocurrency.
"2025 is the year for digital assets. Blockchain and digital assets offer opportunities for Pennsylvania and America to lead the next wave of innovation, enhancing our national security and economy. Proud to be the first member of the Senate Banking Subcommittee for Digital Assets," said David McCormick, US Senator, Digital Assets Subcommittee.
$BTC Head of digital assets at the world's largest asset management company, BlackRock estimates that Cryptocurrency could benefit from an unstable economic environment, which is assessed to have a positive impact on the digital assets industry. According to a BlackRock executive, the prospect of a recession in the United States could serve as a strong catalyst for Bitcoin.
In his interview with Yahoo Finance, Robbie Mitchnick, head of digital assets at BlackRock, stated: "I don't know if we will experience a recession or not, but a recession will be a big catalyst for Bitcoin." According to Mitchnick, Bitcoin is driven by factors that typically emerge during recessions, including increased fiscal spending, accumulation of deficits, lower interest rates, and monetary stimulus. "And that is triggered by fears of social chaos in general. And unfortunately, that can also happen during a recession," he added.
#SECCryptoRoundtable Bilal Bin Saqib, CEO Dewan Crypto Pakistan, has proposed the use of the country's surplus energy to drive Bitcoin mining at the inaugural meeting of the Crypto Council on March 21. According to an article from The Nation, the council is exploring a comprehensive regulatory framework for Cryptocurrency to attract foreign direct investment and make Pakistan a Crypto hub.
The meeting was attended by lawmakers, the governor of the State Bank of Pakistan, the chairman of the Securities and Exchange Commission of Pakistan (SECP), and the federal secretary of information technology. Senator Muhammad Aurangzeb expressed his views on the meeting: “This is the beginning of a new digital chapter for our economy. We are committed to building a transparent financial ecosystem that is prepared for a future that attracts investment, empowers the youth, and places Pakistan on the global map as a leader in new technologies.”$XRP
I am still holding $SUI and experiencing a 28% loss with 20x leverage. Will the market be bullish on Monday? What do you think? Let's discuss in the comments section!
President Donald Trump delivered his speech at the Digital Asset Summit in New York City via video recording at 10:40 ET, marking the first time a sitting US President has spoken at a Cryptocurrency conference. In his speech, Trump emphasized the US's intention to become the 'Bitcoin superpower and the world's Crypto capital.'
Trump's statement included a call to Congress to pass stablecoin legislation that would be a 'historical achievement,' advocating for 'simple and sensible rules' to regulate the market. He also mentioned the establishment of a Strategic Bitcoin Reserve, which he claimed would maximize the value of US ownership and prevent 'poor sales.'$BTC
1. The screening process must be accurate with the aim of determining whether the asset is currently experiencing exposure or not [ Volume | Open Interest | Outperform other assets ] 2. Technical Analysis [ Structure | Key Level | Smart Money Trap ] 3. Balance Stop Loss placement with proper Risk to Reward
This process is done repeatedly to consistently achieve a strategy that can also be implemented repeatedly.
My strategy does not have a 100% Win Rate, by the way; I don't think there is such a thing as a 100% win rate. If there is, then it is likely manipulated.
So far, with this setup, my Win Rate is in the range of 40-50%, but the Risk to Reward is in the range of 1:3
Which means if 1R = 1%
Then, I allocate 1% of capital as risk to obtain a reward of 3%.
Example:
10 Trades Win Rate 40% Risk to Reward ratio = 1:3
6 Losses x 1% = ( - 6% ) 4 Wins x 3% = 12%
Overall, there is still a gain of 6%
What can be improved is the screening and Technical aspects, especially in entry timing, so the Win Rate can be above 50%
Drop the 🔥 emoticon if you like information regarding this post-analysis $BTC