Missouri Takes a Bold Step Toward Bitcoin Adoption
State Representative Ben Keathley just introduced Missouri's second Bitcoin reserve bill, paving the way for the state to hold and accept $BTC for payments.
This is yet another sign that Bitcoin isn't just an investment, it's becoming an integral part of financial infrastructure.
As more governments explore Bitcoin reserves, the question isn't if states will adopt Bitcoin, but when. Missouri is making moves early, and others are bound to follow. Adoption is happening right in front of us!
"I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down."
- Bitcoin surged and hit $99,000 after the release of the US CPI data.
Ripple (X$XRP) has donated $100,000 in XRP to support California wildfire relief efforts, aiding organizations like World Central Kitchen.
President-elect Donald Trump is expected to introduce crypto-friendly policies on his first day in office, including repealing existing regulations and collaborating with crypto leaders.
BUKELE IS SET TO INSTALL A #Bitcoin NODE IN EVERY HOUSEEL SALVADOR #ElSalvador 's president @nayibbukele said today that he is planning to install a $BTC node in every household by 2025, pushing for greater adoption and a decentralized national economy, this is the adoption we are talking about.
Liquidation activity has surged across the crypto market, reflecting increased volatility as traders navigate uncertain conditions. Here's a breakdown of the notable long and short liquidations and what they signal for the market:
🔴 Significant Long Liquidations
#BTC:
Liquidation: $2.1M at $95,499.77
Insight: This massive BTC long liquidation highlights pressure at the $95.5K level, suggesting that traders may have over-leveraged their positions anticipat
Bitcoin (BTC) recently faced a significant market move, breaking below the critical $90K support and touching $89.2K for the first time in three months. However, contrary to broader market expectations, BTC showed a surprising recovery with a strong pullback, trading above $95$K at the time of writing. - Key Insights from Market Dynamics, 1. Institutional Buying During the Dip: -Japan, MicroStrategy, and BlackRock made substantial BTC acquisitions
Altseason Ahead? Here's Why History May Repeat Itself! 🚀
As we approach January 20th, 2025, all eyes are on the cryptocurrency market. Why? History suggests that Presidential Inauguration Days have often marked the beginning of massive altcoin rallies. Let’s take a look at the trend:
2017 – Trump’s Inauguration: The altcoin market experienced a historic boom. 2021 – Biden’s Inauguration: Altseason followed soon after. 2025 – Trump’s Return?: Will this spark another Altseason?
Why This Happens: Presidential transitions often bring shifts in economic and regulatory sentiment, which can lead to optimism in speculative markets like crypto.
The current market dip? It’s likely a healthy correction before a potential bull run.
Don’t Panic, Stay Focused! If history is any indication, this temporary market dump could just be the calm before the storm. Stay patient, hold strong, and get ready for what might be an altcoin explosion.2025 Could Be Historic! With Trump’s pro-business stance and the crypto market maturing, the stage may be set for a rally like never before. Brace yourselves – the next altseason could be closer than you think!
Bitcoin (BTC) has seen sharp volatility recently, with prices falling to $91,000 before a slight recovery to $94,000. All eyes are now on the U.S. Non-Farm Employment data, a critical economic indicator influencing the Federal Reserve's interest rate decisions.
Key Factors at Play
U.S. Government Holdings: Speculation continues about whether the U.S. will sell its Bitcoin holdings before Trump’s potential return to the White House, though his pro-crypto stance may delay such moves.
Global Market Trends: U.K. bonds hit a 16-year high, and gold surged to mid-December highs, highlighting global economic tension.
Future Outlook: Optimism grows for BTC’s long-term price, with projections of $150K or higher as Trump’s policies could strengthen economic recovery, potentially driving BTC to $180K by Q2 2025.
Short-Term Prediction-:
While Bitcoin’s immediate reaction to the Non-Farm Employment data could introduce volatility, bullish sentiment remains strong for a rally in the mid to long term. A solid catalyst, such as positive CPI data or favorable policies, could reignite momentum and push BTC to new highs.
#USJoblessClaimsDrop #BinanceAlphaAlert U.S. Government Bitcoin Holdings The U.S. Government has seized at least 215k BTC since 2020, making it one of the largest BTC whales.
This dashboard tracks the US gov wallets associated with the three largest BTC seizures since 2020:
Nov 2020 Silk Road Seizure - 69,369 BTC Jan 2022 Bitfinex Hack Seizure - 94,643 BTC Mar 2022 James Zhong Seizure - 51,326 BTC For more information, find the report by a special agent of the Internal Revenue Service, Criminal Investigation Division (IRS-CI)
In recent developments, the U.S. government has been granted permission to liquidate these holdings. A federal judge authorized the sale of 69,370 Bitcoins, with plans indicating that liquidation could begin before the new presidential administration takes office. $BTC $ETH $BNB #Fed #CryptoMarketDip
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