On Saturday, Texas became the first-ever US state to commit public funds towards the purchase of Bitcoin. Governor Greg Abbott signed Senate Bill 21 (SB21), officially authorizing the establishment of the Texas Strategic Bitcoin Reserve. Keep reading to learn more about this development, increasing investor and government confidence in Bitcoinβs long-term potential, and whatβs the…
Bitcoin BTC fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz. The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20%…
Iran’s politicians leaned in favor of blocking the strategically important Strait of Hormuz on Sunday in response to the US military strikes on the Iranian nuclear facilities, according to Saeed Azimi, Tehran correspondent for France 24. “The MPs have unanimously reached this conclusion merely in a consultation capacity. The decision lies with the Supreme National…
Key takeaways Solanaβs SOL is down 9% in the last 24 hours and risks dropping to the $120 support level. The head and shoulder pattern on the daily timeframe indicates that the bears are firmly in control. Solana dips 9% amid wider market bearish movement SOL, the native coin of the Solana ecosystem, is down…
BTC price declines accelerate as the US hits Iran’s nuclear facilities, but traders are hopeful that Bitcoin may even gain from geopolitical uncertainty. Market Update COINTELEGRAPH IN YOUR SOCIAL FEED Key points: Bitcoin sees a snap reaction to news of direct US involvement in the Israel-Iran conflict, dipping below $102,000. Traders note that war-based headlines…
MiCAβs licensing clarity helped Europe capture crypto flows as US retail activity declined despite a crypto-friendly Trump administration. News COINTELEGRAPH IN YOUR SOCIAL FEED Europe is pulling ahead in the global crypto race under its Markets in Crypto-Assets (MiCA) framework, outpacing even President Donald Trumpβs crypto-friendly America. According to Konstantins Vasilenko, co-founder and chief business…
Texas becomes the first US state to commit public funds to a standalone Bitcoin reserve, aiming to treat BTC as a long-term strategic asset. News COINTELEGRAPH IN YOUR SOCIAL FEED Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will…
Bitcoinβs narrow price movement over the past week contradicts a much different development in the futures market. According to Axel Adler Jr., an analyst at on-chain analytics platform CryptoQuant, a sharp rise in the long liquidation dominance metric could set the stage for a significant shift in sentiment that may completely wash out bears from…
Key takeaways ETH is the worst performer in the top 10 today, losing 7% of its value. The cryptocurrency risks dropping to the $2k level amid growing selling pressure. Ether drops below $2,300 after dipping 7% Ether, the second-largest cryptocurrency by market cap, is the worst performer among the top 10 cryptos. It has lost…
Cardano (ADA) ADA is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell…
