A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.
Federal Reserve news
Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve’s hawkish 2025 outlook on inflation.
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
Trump’s potential executive order making Bitcoin a US reserve asset may drive a $20 billion BTC purchase in 2025.
Bitcoin’s price tumbled after the United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December.
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.