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Crypto Community Reacts to Trump’s Strategic Bitcoin Reserve
American President Donald Trump has reaffirmed his commitment to cryptocurrency by recently signing an executive order aimed at establishing a strategic Bitcoin reserve. This initiative aligns with several pro-crypto promises he made during his campaign last year and includes the creation of a Digital Asset Stockpile designed to bolster the country’s position in the digital…
Continue ReadingPavel Durov’s rise to the top
Pavel Durov, born on October 10, 1984, in St. Petersburg, Russia, carved a notable niche in the tech world from an early age. His passion for computer science led him to establish influential online social media platforms, one of which is VKontakte (VK), a prominent social media site tailored for Russian speakers that he founded…
Continue ReadingThis Key Resistance Could Prevent BTC’s Surge to $90K
Bitcoin has recently shown notable price action, experiencing a vigorous rebound from the pivotal support level of $78K. Currently, it finds itself testing a crucial resistance point at $85K. Should Bitcoin manage to reclaim this level, traders anticipate that the next target may land within the $90K region. ### Technical Analysis #### The Daily Chart…
Continue ReadingThese Indicators Suggest Bitcoin May Be at the Start of a Bear Market: CryptoQuant
Analysts from crypto market intelligence firm CryptoQuant have raised alarms regarding the current state of Bitcoin (BTC), suggesting the leading cryptocurrency could be entering a bear market. Their recent report highlights concerning trends in on-chain valuation metrics that indicate a significant shift in market dynamics. The assessment of Bitcoin’s price movement suggests that the recent…
Continue ReadingBitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC
A significant player in the cryptocurrency market has placed a massive bet against Bitcoin, signaling potential short-term bearish sentiment as the market prepares for a week filled with crucial economic reports. This "Bitcoin whale," a term used for large-scale investors, has opened a leveraged short position amounting to over 4,442 Bitcoin (BTC), valued at approximately…
Continue ReadingBitcoin gets $126K June target as data predicts bull market comeback
Bitcoin’s potential to reach new all-time highs by June this year is making waves in the cryptocurrency community, thanks to insights from network economist Timothy Peterson. He posited that historical patterns could guide Bitcoin (BTC) to surpass its previous peak of $109,000 within a narrow window of approximately two and a half months. His analysis,…
Continue Reading5 Unbelievable Ways Trump Is Unleashing Bitcoin’s Trillion-Dollar Bull Run (Opinion)
The political landscape surrounding cryptocurrency has witnessed a dramatic shift, particularly with the evolving stance of Donald Trump, the reelected Republican president. Once a vocal critic of cryptocurrencies, Trump’s transformation into an advocate for the crypto industry signals a significant cultural and economic pivot in American politics. Back in 2019, during his presidency, Trump openly…
Continue ReadingDeep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL
Trading volumes for Cardano’s ADA token have recently surged, with daily averages around $720 million in February, and soaring past $1.4 billion in March. This spike is attributed to a social media post from former U.S. President Donald Trump, who included ADA within the nation’s strategic crypto reserve, signaling endorsement to a wider audience. Originating…
Continue ReadingGrowth in Bitcoin and stablecoin adoption could accelerate dedollarization
The US dollar’s longstanding status as the preeminent global reserve currency is increasingly under scrutiny. While it commands nearly 60% of global foreign exchange reserves, the recent geopolitical climate and the strategic use of economic sanctions have catalyzed a move among several nations to reduce their dependence on the greenback. With the US accounting for…
Continue ReadingSIMD-228 Inflation Proposal Rejected as Solana Community Engages in Record-Breaking Vote
The Solana ecosystem has recently made headlines with a significant governance decision regarding its inflation reform. In a historic vote, stakeholders rejected the SIMD-228 proposal, aimed at transitioning from a fixed inflation model to a dynamic, market-driven one. The attempt garnered 61.4% support of the participating votes, falling short of the 66.67% threshold required for…
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