A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.
Donald Trump news
With Republicans soon to have a majority in the US Senate, Cynthia Lummis said she plans to have lawmakers pass a bill to “build a strategic Bitcoin reserve.”
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
A boost in Bitcoin’s spot volumes and a classic chart pattern hint that $110,000 could be the next stop for BTC price.
Crypto markets cheered Donald Trump’s win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.
The Republican-led Senate is poised to bring clearer crypto regulations, signaling a shift toward industry-friendly policies in the US.
Memecoins are up today, fueled by positive sentiment following Trump’s win in the US presidential elections.
Coinbase chief legal officer Paul Grewal has urged the SEC to foster crypto innovation over litigation amid Trump’s pledge to fire Gensler.
The five largest Trump bettors could stand to win a combined $81 million in profit.
Donald Trump was not always a cryptocurrency fan, but the community has rallied around him as a pro-crypto candidate in the 2024 US presidential election.