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news-imageFebruary 6, 2025

Ohio Bitcoin Reserve Bill: A Step Towards Crypto Integration

Ohio is taking a bold step towards embracing cryptocurrency with a new bill that could establish a state Bitcoin reserve. Introduced by Senator Sandra O'Brien on January 28, 2025, Senate Bill 57 seeks to allow Ohio's treasurer to invest public funds in Bitcoin, marking the state's commitment to digital assets.
Publisher: The Currency Analytics
Sentiment: Positive
BTC

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Neutral
cover-imageInvezz
February 6, 2025

Crypto prices on Feb 6: BTC at $97K, TRUMP top gainer with 5% surge

The crypto market was jittery on Thursday. Bitcoin (BTC) and leading altcoins like XRP and Solana (SOL) have remained volatile on February 6. The global cryptocurrency market capitalization is $3.21 trillion, reflecting a 0.26% decrease in the past 24 hours. Total market volume for the last 24 hours was $120.36 billion, a 37.59% decrease.

Positive
cover-imageThe Currency Analytics
February 6, 2025

Trump's Crypto Czar David Sacks Advocates for Bitcoin's Role in U.S. Economy

David Sacks, the appointed crypto czar by former U.S. President Donald Trump, has recently articulated why Bitcoin and other digital assets are essential for the future of the U.S. economy. In a CNBC interview on February 4, 2025, Sacks emphasized the immense potential of cryptocurrencies like Bitcoin and their underlying technologies.

Positive
cover-imageBitcoin
February 6, 2025

Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin could soar to $500,000 by 2028 as institutional inflows rise, volatility declines, and regulatory shifts under Trump expand investor access, according to Standard Chartered's outlook. Trump, ETFs, and Institutional Inflows—Will Bitcoin Hit $500K by 2028? Standard Chartered's head of digital assets research, Geoffrey Kendrick, predicts bitcoin could reach $500,000 by the end of 2028.

Positive
cover-imageBitcoin
February 6, 2025

218,887 BTC in One Quarter—Microstrategy MSTR Sets Record With Mega Bitcoin Buy

Microstrategy, also known as Strategy, recorded its largest quarterly bitcoin acquisition in Q4 2024, adding 218,887 BTC for $20.5 billion as it expanded its accumulation strategy. The Biggest Bitcoin Buy in Microstrategy's History—And They're Not Stopping Microstrategy Inc. (Nasdaq: MSTR), also known as Strategy, reported its fourth-quarter earnings for 2024 on Feb.

Negative
cover-imageThe Currency Analytics
February 6, 2025

Bitcoin Price Update: Market Bottom Yet to Be Reached

Bitcoin (BTC) continues to fluctuate within a consolidation range between $94,000 and $100,000, many traders and investors are keeping a close eye on the market, trying to determine whether the cryptocurrency has reached its lowest point. Despite the ongoing price swings and heightened volatility across the crypto market, key indicators suggest that Bitcoin may still be some distance away from hitting its bottom.

Positive
cover-imageThe Currency Analytics
February 5, 2025

Elon Musk's Tesla & Bitcoin Investments Reshaping Global Markets

Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX, and several other ventures, continues to make waves in global markets. With a net worth surpassing $414.6 billion, Musk's diverse range of investments spans across industries such as electric vehicles (EVs), space exploration, artificial intelligence (AI), and blockchain technology.

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