Senator Cynthia Lummis to Chair First Senate Digital Assets Subcommittee
The U.S. Senate Banking Committee is set to launch its first-ever subcommittee dedicated to digital assets. This move reflects the Senate’s commitment to addressing the growing impact of cryptocurrency on the financial sector. Senator Cynthia Lummis (R-Wyo.), a staunch Bitcoin advocate, is expected to chair the panel pending a committee vote. The subcommittee’s creation follows incoming Chair Tim Scott’s (R-S.C.) promise to prioritize crypto legislation. He announced the idea during the Wyoming
Bhutan’s City Adopts Bitcoin, Ethereum, and BNB Strategic Reserves
The concept of digital asset strategic reserves is gaining a lot of traction these days. While Vancouver Mayor proposed a Bitcoin-friendly city to safeguard reserves, Satoshi Action Fund announced plans to introduce up to 20 Strategic Bitcoin Reserves bills by multiple US states. With the Trump election and an anticipation of a larger crypto bull run, global countries are recognizing the potential of adopting digital assets to preserve their reserves. While El Salvador is the first country to a
Binance announces the launch of Solv Protocol on its Megadrop platform. Binance has now introduced Solv Protocol, a Bitcoin staking protocol with aspirations to build a Bitcoin and Bitcoin-native financial ecosystem. No other platform will be launching the SOLV token, and any platform claiming to “list” or offer SOLV tokens ahead of the launch date is false advertising, Binance says. The exact details and trading times will be announced separately. An updated formal research report on Solv Protocol will also be published in the next 24 hours.
Solv Protocol tokenomics includes a maximum supply of 9,660,000,000 SOLV tokens and a genesis supply of 8,400,000,000 tokens, which constitutes 86.96% of the total supply. Of these, 588,000,000 SOLV tokens, which constitutes 7% of the genesis supply and 6.09% of the maximum supply, will be distributed as part of the Megadrop rewards. At the time of Binance listing, the circulating supply will be 1,482,600,000 SOLV tokens, representing 17.65% of the Genesis supply and 15.35% of the maximum supply. The exchange will share more details about the Megadrop reward structure, Web3 Quests, and listing plans in a separate announcement. #BinanceMegadopSolv
Is Bitcoin Heading for a Major Price Correction❓📉 Bitcoin [BTC], the leading cryptocurrency, has grappled with bearish market conditions over the past week. Trading at $94,805, BTC has declined by 2% in the past 24 hours, trading volumes surged by 6%. Over the last seven days, Bitcoin has shed 4% of its value, following its recent drop below the critical $92,200 support level eight days ago. $BTC
Hedera Hashgraph (HBAR) is a decentralized public network that allows individuals and businesses to build powerful decentralized applications (DApps). HBAR itself is the platform’s native token and serves a dual purpose as fuel for Hedera’s services as well as a tool to secure the network through staking ¹ ².
The current price of HBAR is around Rp5,089.81 with an increase of 13.78% in the last hour and 11% in the last 24 hours ² ³. HBAR’s market cap is around Rp194.69 trillion with a 24-hour trading volume of Rp24.4 trillion ².
Several technical analyses suggest that HBAR may be poised for further gains, with the Super Trend indicator signaling bullish momentum and the rising Chaikin Money Flow (CMF) indicating strong buying pressure ³.
If you are interested in buying or selling HBAR, you can do so through various crypto trading platforms such as Pluang ⁴.
The latest Bitcoin (BTC) news suggests that the BTC price is expected to experience two significant declines before reaching a new record high of US$225,000. Certified market analyst Adrian Zdunczyk predicts that the decline will range between 20% and 30% ¹.
Currently, the Bitcoin price is around US$98,859, after recovering by 7% from the previous decline ¹. BTC trading volume is also concentrated in the US$90,915 to US$100,000 price range, with 68% of the trading volume occurring between November 11 and December 11 ¹.
Here are some *Key Levels* to watch out for:
- _Key Resistance Level_: Bitcoin must pass the high value area (VAH) at US$100,000.
- _Support Level_: If Bitcoin fails to break through this resistance, there is a possibility that the price will fall again to test the low value area (VAL) at US$90,915 ¹.
In addition, the Bitcoin price today is US$96,771.01 with a 24-hour trading volume of US$49,912,803,131, indicating a price decline of -1.88% in the last 24 hours ².
#BTCOutlook The outlook for Bitcoin (BTC) in 2024 is promising, driven by several key factors. - *Persetujuan ETF Bitcoin dan Ethereum*: The potential approval of Bitcoin and Ethereum Exchange-Traded Funds (ETFs) by the US Securities and Exchange Commission (SEC) could significantly boost investor confidence and increase demand for BTC, potentially driving prices up to $100,000 ¹. - *Bitcoin Halving*: The upcoming Bitcoin halving event, scheduled for May 1, 2024, will reduce the supply of new BTC, potentially leading to higher prices due to increased demand and limited supply ¹. - *Efek Pemilu Terhadap Harga BTC*: The 2024 US presidential election and other global elections may also impact BTC prices, as historically, election outcomes have influenced cryptocurrency markets ¹. - *Rating Analis*: Analysts from prominent financial institutions, such as Standard Chartered and JP Morgan Chase, predict significant price increases, with some forecasts reaching $100,000 ¹.
Additionally, the overall market sentiment and global economic conditions will influence BTC's performance. As always, investing in cryptocurrencies carries risks, and it's essential to conduct thorough research before making investment decisions.