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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The broader crypto market continues to experience heightened volatility, causing a robust sharp drop in Bitcoin’s price below the $85,000 mark after witnessing a slight upward push in the previous week. With BTC’s price undergoing strong bearish pressure, investors’ sentiment has taken…
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Andrew Harnik / Staff / Getty Images On March 6, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve. Trump’s order also creates the United States Digital Asset Stockpile, which will hold other cryptocurrencies. The Strategic Bitcoin Reserve will initially hold all the bitcoins held by the Department of the Treasury that were forfeited…
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He pitched the reserve as a way to offset losses in spending power caused by inflation in the US dollar. On Thursday, Sacks reiterated that line of argument, posting on X, “The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like…
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Crypto prices jump after Trump sets plan for US strategic reserve Prices for bitcoin and the like have soared after Donald Trump set out plans for a U.S. cryptocurrency reserve. He said in a social media post that the stockpile would include bitcoin and ether, as well as smaller tokens XRP, solana and cardano. Industry…
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Utah lawmakers approved legislation late Friday, aimed at providing regulatory clarity but removed a pivotal provision that would have allowed the state to invest public funds directly into crypto. H.B. 230—Blockchain and Digital Innovation Amendments passed Utah’s Senate by a 19-7 vote after legislators amended it to eliminate language that would have authorized Utah’s state…
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A weakening US dollar could be bullish for Bitcoin, but two metrics could be cause for concern in the short term, according to Real Vision crypto analyst Jamie Coutts. “While my framework is turning bullish as the dollar plunges, two metrics still raise alarms: Treasury Bond volatility (MOVE Index) and Corporate Bond spreads,” said Coutts…
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WASHINGTON, DC – David Sacks, AI and Crypto Czar (Photo by Anna Moneymaker/Getty Images) Getty Images In a historic move, President Donald Trump signed an executive order on March 6, 2025, establishing the ‘Strategic Bitcoin Reserve and United States Digital Asset Stockpile.’ The announcement, made just a day before the first-ever White House Crypto Summit,…
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Bitcoin price hovers around $82,000 on Monday after falling nearly 15% last week. Ethereum price closes below the $2,125 support level, hinting at a further correction. XRP trades around $2.17 on Monday after crashing 27.25% last week. Bitcoin (BTC) hovers around $82,000 on Monday after falling nearly 15% last week. Ethereum (ETH) and Ripple (XRP)…
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President Donald Trump’s decision to establish official government cryptocurrency reserves in the US has drawn criticism from industry watchers. He has signed an executive order creating what he calls a Strategic Bitcoin Reserve as well as a Digital Asset Stockpile, which will consist of other forms of digital currency. The funds will be stocked with…