Florida Republican Senator Joe Gruters has introduced a bill proposing that the state allocate a portion of its funds to Bitcoin and other digital assets as a hedge against inflation. The post Florida Senator Proposes State Investment in Bitcoin to Hedge Against Inflation appeared first on Cryptonews.

LINK and SUI are among the poorest performers from the larger-cap alts.

Bitcoin (BTC) frenzy is sweeping across the US following Donald Trump's victory in the November presidential election, with Kentucky becoming the latest state to introduce legislation aimed at establishing a Bitcoin reserve. Kentucky Joins The Bitcoin Reserve Club Kentucky has become the 16th US state to introduce legislation seeking to create a Bitcoin reserve.

XRP price rallies amid ETF buzz, but SEC appeal uncertainty remains a key risk. What's next for XRP?

Bitcoin's price remains in a phase of indecision, bouncing between key support and resistance levels. The world's largest cryptocurrency has been unable to break past $98,000, leaving traders and investors wondering whether the next move will be up or down.

Bitcoin price has declined by six percent in the last week amid FUD sentiment caused by tariff wars. Here's why a reversal is imminent.

Will the institutional craze on CME ETH yield boost ETH's recovery odds?

Bitcoin sellers are grappling with a decisive support zone at the 100-day moving average, with a potential breakdown paving the way for a retest of the critical $90K region. However, heightened volatility is anticipated, as price action will dictate the market's next direction.

Sławomir Mentzen has committed to establishing a Bitcoin reserve for Poland if elected, like U.S. President Donald Trump. Poland's National Bank (NBP), led by Adam Glapiński, firmly rejected Bitcoin for national reserves concerning over security and stability.

DeepSeek is the new open-source large language model (LLM) AI chatbot that made headlines in January after Apple store downloads flipped ChatGPT. So, we asked it about BTC prices in 2025.

Onchain RWAs are gaining traction as Bitcoin's price struggles, with market commentators predicting TVL could hit $50 billion in 2025 as demand grows.

Bitcoin price remained under pressure this week as trade concerns remained, but two rare patterns point to an eventual rebound. Bitcoin (BTC) wavered, while the crypto fear and greed index slipped to the fear zone of 35 this week.

PNC Bitcoin Exposure reaches $67M, with major investments in Bitwise ETF, reflecting increased institutional involvement in crypto assets.

Russia's main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties. Russia's Investigative Committee has put forward a proposal that could potentially affect the country's cryptocurrency market.

The CEO of Bitcoin (BTC) mining giant Marathon Digital, Fred Thiel, is leaning bullish on the flagship crypto asset, believing it can more than double its value before 2025 expires. In an interview on CNBC, Thiel says that Bitcoin could go up by over 100% from the current level before the end of the year.

Bitcoin price in recent days seems to have dimmed investor's confidence in the asset for now with the community seeing less buzz as BTC sees fewer green days. Regardless of this, some analysts are still eager to analyze BTC and its major metric to at least get a perspective on if there's hope around the corner.

Robert Kiyosaki, venture investor, entrepreneur, also widely known as the author of the book on finance literacy “Rich Dad Poor Dad”, has addressed his followers on the X platform to talk to them about Bitcoin.

Over 15 US states have initiated legislative efforts to integrate Bitcoin into their financial frameworks, highlighting benefits such as economic diversification, inflation hedging, and fostering technological innovation. Utah has emerged as a leader in this movement, with its House Bill 230 advancing through the House on February 6 and now awaiting Senate approval.

The crypto market today has resumed its trade on a sluggish note, with the market capitalization slipping to $3.13 trillion, a 1.37% decline since yesterday . However, trading activity picked up, as the total volume rose by 5.75% to $131.99 billion.

The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level. Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January.

Bitcoin mining firm Cleanspark reported $162.3 million in Q4 2024 revenue, a 120% year-over-year increase. With 10,500 BTC in reserves and a mining cost of $34,000 per bitcoin, the company is expanding operations across the U.S.

While countries like the United States, Germany, and the Czech Republic explore adding Bitcoin to their national reserves, Poland's central bank has firmly rejected the idea.

Traders fear the impact of the US employment report on bitcoin. In this article, we explain why.

Bitcoin has appreciated substantially following Trump's election win and his administration's advocacy for the token.

Kentucky has stepped into the spotlight with a new proposal that could make Bitcoin an official part of the state's financial strategy. The bill, introduced recently, seeks to allow Kentucky to invest up to 10% of its state funds into digital assets.

The Czech National Bank (CNB) is considering a groundbreaking decision—allocating €7 billion of its international reserves into Bitcoin (BTC). This move, aimed at diversifying assets and exploring digital currencies as a strategic reserve, has triggered mixed reactions among European financial leaders.

Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory.

Bitcoin (BTC) is displaying a strong bullish pattern as it hovers around the $97,000 mark, drive speculation about a potential rally to new all-time highs. Technical analysis suggests that BTC is mirroring past trends, with some analysts predicting a move toward $145,000 by March 2025.

House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees.

Utah is on the verge of becoming the first U.S. state to establish a Bitcoin reserve as its Strategic Bitcoin Reserve bill advances to the Senate. House Bill 230 (HB230), also known as the Blockchain and Digital Innovation Amendments bill, passed the Utah House Economic Development Committee with an 8-1 vote on January 28.

Cryptocurrency trading on the Chicago Mercantile Exchange (CME) reached an all-time high in January, with volumes soaring to approximately $285 million, according to a report by CCData. This marks an 8% increase from the previous month, driven by a surge in Bitcoin futures and options activity.

Michael Saylor, co-founder and executive chairman of Strategy, took to X to share a Bitcoin-themed message with his massive following. His tweet, We all need a Strategy for Success, coincided with Bitcoin briefly surpassing the $100,000 mark.

Missouri Representative Ben Keathley has introduced House Bill 1217, aiming to establish a Bitcoin Strategic Reserve Fund to diversify the states investment portfolio and hedge against fiat currency inflation. Filed on February 6, the bill would allow the Missouri state treasurer to receive, invest, and hold Bitcoin under specific conditions.

Bitcoin fell on Friday as market sentiment weakened following U.S. President Donald Trumps warning of new reciprocal tariffs. The cryptocurrency dropped 1% to $95,853, extending last weeks 4% decline.

On-chain analytics firm Glassnode reports that retail investors have significantly increased their Bitcoin accumulation since mid-December 2024. Investors holding around one BTC are now buying at a rate of 10,627 BTC per day72% more than last years daily average of 6,177 BTC.

Bitcoin's price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction.

As expectations of an altcoin season mount, a new technical analysis of the Bitcoin Dominance (BTC.D) draws striking parallels between the 2021 and 2025 market cycles, aiming to determine whether altcoins are on the brink of another bull run. Historically, Bitcoin Dominance has been a key indicator in predicting the likelihood of an altcoin, as a decline in BTC.D often signals a shift in investors' focus on alternative cryptocurrencies.

Bitcoin exchange-traded funds (ETFs) in the U.S. have slipped back into outflow territory, reflecting ongoing uncertainty in the market. On February 6, spot Bitcoin ETFs saw a net outflow of $140.3 million, reversing a two-day inflow streak that had brought in $407 million.

Florida Senator Joe Gruters argued that the state “should have access to tools such as Bitcoin to protect against inflation.”

ARK Invest released a comprehensive report detailing Bitcoin's milestones in 2024, the surging run of AI agents, and the potential of stablecoins in the digital asset market. The report is complete with market predictions for 2030.

After dropping from the $102,000 price level earlier this week, Bitcoin continues to struggle to initiate a rebound toward the $100,000 mark. Its weak performance is attributed to a broader bearish action in the general crypto market.

The spot Bitcoin Exchange-Traded Fund (ETF) market just witnessed PNC, the 8th largest bank in the United States, declare its exposure to BTC. As revealed via its 13F filing with the Securities and Exchange Commission (SEC), PNC, with $325 billion in Assets Under Management (AUM), said it has exposure worth $67 million.

Bitcoin miners' profit/loss sustainability has entered the extremely underpaid zone, risking miner capitulation.

Maryland has introduced the “Strategic Bitcoin Reserve Act of Maryland,” a legislative proposal to establish a Bitcoin reserve fund for the state. Sponsored by Delegate Caylin Young, the bill aims to allow state funds derived from gambling violations to be allocated into Bitcoin (BTC).

New Mexico has officially joined the ranks of U.S. states exploring the use of Bitcoin (BTC) in state financial reserves. The state's new bill, introduced on February 4, 2025, has the potential to alter the way state finances are handled by proposing that a portion of public funds be allocated toward Bitcoin investments.

Maryland and Kentucky this week joined a growing list of U.S. states mulling Bitcoin as a way to strengthen their reserves.

Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims.