Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to legally establish a US Strategic Bitcoin Reserve, locking federally held Bitcoin for at least 20 years. The bill allows the Treasury to buy up to 200,000 BTC annually for five years, aiming for a one-million-coin reserve without new taxpayer spending. This move builds on previous efforts and aims to provide long-term stability and federal custody standards for Bitcoin holdings. Upcoming committee hearings will determine the bill's progress in Congress.
Bitcoin briefly approached $87,000 early Monday, just below its September 21 peak of $87,397, before dropping below $86,000. This price movement followed the release of US employment data showing 29,000 jobs added in September and a 4.2% unemployment...
Ether's price rose 70% in Q3, surpassing bitcoin's 42% gain, but its market liquidity thinned significantly compared to bitcoin, according to CoinGecko. The median daily market depth of ether was only 35% to 45% of bitcoin's, down from at least 60% l...
Doctor Profit is placing staggered short orders for Bitcoin in the price range of $86,500 to $89,500. This range is described as a distribution phase, which suggests the market is preparing to build a swing trading position. This strategy indicates c...
Zcash has registered a lobbyist in Washington, DC, aiming to influence US cryptocurrency policies, including tax rules and market structure. This move is part of Zcash's effort to promote privacy-focused crypto regulations. Market watchers see this a...
The cryptocurrency market rebounded from a $50 billion drop driven by macroeconomic factors, finishing the week nearly flat with a market cap close to $3 trillion. Bitcoin gained about 1%, closing at $85,500, while Ether rose slightly by 0.4% to $2,7...
