President Donald Trump said Sunday that he is directing his newly created digital assets working group to move forward on creating a “crypto strategic reserve” along the lines of existing U.S. reserves of gold and oil. Yet details of the proposal left many observers frustrated, including some longtime Trump and crypto supporters. These critics say…
Coinbase’s Brian Armstrong Thinks Having A Bitcoin-Only Crypto Reserve ‘Best Option’ While Arthur Hayes Says Trump’s Announcement Insignificant Until Congressional Approval President Donald Trump took the cryptocurrency world by surprise Sunday, announcing a strategic reserve comprising of top coins such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). As the market came to terms with…
North Carolina could add bitcoin and other cryptocurrency into its state investment portfolio under a bill moving in the state House this week. Advocates, including the House speaker, think it could improve returns for the state pension fund. The Digital Assets Investments Act is the first bill sponsored by new Republican House Speaker Destin Hall.…
Bitcoin, Ethereum, and other major cryptocurrencies surged in value Sunday as President Donald Trump signaled plans for which assets could be included in a proposed U.S. crypto reserve. But Bitcoin has already shed thousands of dollars worth of gains on Monday, with other assets starting to fade as well. Following a nearly $4,000 rapid drop…
Jakub Porzycki | Nurphoto | Getty Images Stock Chart IconStock chart icon Bitcoin Over the weekend, Trump announced the creation of a strategic crypto reserve – a pivot from the “bitcoin stockpile” he previously touted – that he said will include ether, XRP, Solana’s SOL token and Cardano’s ADA, in addition to bitcoin. Bitcoin rose…
KEY TAKEAWAYS Prices of bitcoin and a slew of cryptocurrency stocks are jumping Monday, after U.S. President Donald Trump announced that the token, as well as four others, could be included in a strategic crypto reserve for the United States. In two Sunday posts on Truth Social, Trump said that the reserve would include bitcoin,…
US stock futures pushed higher early on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, which brings a crucial jobs report and key retail earnings. S&P 500 futures (ES=F) climbed 0.3%. while those on the tech-heavy Nasdaq 100 (NQ=F) saw an 0.4% gain. Dow Jones…
Bitcoin is back with a vengeance this week as US President Donald Trump appears to confirm the strategic crypto reserve. Bitcoin (BTC) price action abandons its slump to seal a $10,000 daily “green” candle, and a giant CME futures gap. Trump champions the reserve in advance of the first White House crypto summit, promising “more…
Cryptocurrency prices have jumped after Donald Trump revealed he would like Bitcoin and other lesser-traded tokens to be in a new US strategic crypto reserve. He said his January executive order on digital assets would create a stockpile of currencies including Bitcoin, Ethereum, XRP, Solana and Cardano (ADA). The names had not previously been announced.…
Bitcoin-stacking investment firm Metaplanet purchased another 156 Bitcoin on March 3 as its CEO said the firm is exploring a potential listing outside of Japan, such as the United States. The 156 Bitcoin (BTC) was purchased for around $13.4 million at $85,890 per coin, bringing Metaplanet’s total Bitcoin stash to 2,391 BTC, the company said…