Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.
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Distributed ledger technology can help solve longstanding challenges in US financial markets, the report said.
Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trump’s incoming presidency and optimistic signs for cryptocurrency regulation.
The Association ultimately seeks a swift end to the “regulation by enforcement” era of cryptocurrency oversight in the US.
Bitcoin’s record monthly gains come eight days before the end of November — historically the most bullish month for Bitcoin returns.
The new trademark filing from Trump Media and Technology Group mentions digital wallets, cryptocurrency payment processing services, and a digital asset trading platform.
President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.
Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back
The role would be the first-ever crypto-specific White House role and may report directly to Trump, Bloomberg reported.