The legislation proposes the creation of a Sovereign Strategic Bitcoin Reserve, cleverly dubbed RESBit.

Bitcoin's $100K path will not be easy and with ups and downs, many predict hitting a large figure will take a path of dips. Bitcoin's recent dip from nearly $100,000 to around $91,000 is stirring up this debate among traders and analysts.

Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals.

Congressman Eros Biondini wants to establish the Bitcoin Sovereign Strategic Reserve, also known as RESBit (Reserva Estratégica Soberana de Bitcoins). This reserve would help Brazil's Treasury by adding Bitcoin to its mix of national assets.

Remixpoint, a Japanese energy and automotive firm, jumps on the recent Bitcoin surge by adding $3.2 million worth of BTC to its crypto holdings. In a recent company notice, Remixpoint declared that it has purchased 500 million yen (around $3.

BTC's rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.

Bitcoin (BTC) investors are bracing for potential volatility as analysts highlight a concerning trend: Bitcoin's price has historically tracked the global M2 money supply with a 70-day lag. Following a recent decline in global liquidity, Bitcoin might experience a 20–25% pullback in the near future.

The rise in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed. What Happened: A paper by the U.S. Treasury's Office of Financial Research has identified a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies.

Billionaire venture capitalist Tim Draper has long believed Bitcoin (BTC) would surge to $250,000. In 2018, Draper first predicted the top crypto asset would hit $250,000 by 2022. When that failed to happen, the venture capitalist amended the timeline of that prediction until mid-2023.

Bitcoin has experienced a 7% pullback from its all-time high at $99,800 after failing to break above the psychological $100,000 mark. This retracement, while causing some concern among investors, is seen as a necessary consolidation phase for the cryptocurrency to build strength before continuing its ascent.

Brazilian Congressman Eros Biondini has introduced a bill proposing the creation of a national Bitcoin reserve. The post Brazilian Lawmaker Proposes Bitcoin Reserve to Diversify National Assets appeared first on Cryptonews.

Bitcoin recently flirted with the $100,000 milestone, hitting a high of $99,645, but its rally lost steam, dropping to $93,415—a sharp fall of over 6%. This correction has left investors questioning if this is just a breather or the start of a larger downturn.

President-elect Donald Trump's administration is reportedly planning to grant the Commodity Futures Trading Commission (CFTC) expanded oversight over the cryptocurrency market.

Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels.

As Bitcoin (BTC) prices faced a correction on Tuesday, Dan Morehead, founder and managing partner of Pantera Capital, expressed optimism about the cryptocurrency's future. In a recent interview, he suggested that the current market challenges could be temporary and that the rally might not be over.

Bitcoin's market cap could hit $15 trillion if it reaches $740,000 per coin, Pantera CEO suggests, citing untapped blockchain adoption.

Bitcoin investors remain bullish despite a 10% correction, with exchange reserves hitting 2018 lows. On-chain metrics and technical analysis hint at a $100K target by 2024.

MicroStrategy's Bitcoin strategy is very simple: Raising debt to buy Bitcoin and selling shares at a premium to repeat the cycle. Until recently, it had been regarded as outstanding. At the start of November 21, the MicroStrategy price stood at a peak of $535.42. However, since then, it has sharply plummeted by over 33.94%.

Bitcoin price correction may continue further to $88,000 and below if it follows the Global M2 money supply correlation. BTC has already corrected more than 9% in the last four days following the rejection sub $100K level.

The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Bitcoin has taken a sharp $6,000 plunge in daily trading, pulling back after its remarkable rally over the past few weeks. The cryptocurrency recently surged from under $70,000 to nearly $100,000, marking one of its most dramatic climbs in history.

A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation's financial assets.

Key Points:

Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.

The goal of the ETF is to give investors balanced exposure to the two largest cryptos in the world in an easy-to-access format.

The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.

Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.”

Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation's financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption.

Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

An analyst says Bitcoin's correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.

"I got a bunch of yahoos saying I called the top on crypto by recommending it," Cramer said Tuesday during a segment of Mad Money.

The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level.

MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.

Bitcoin (BTCUSD) pared some of its gains after hitting a fresh all-time high of $99,800 due to profit booking and is currently trading around $92,387. Impact of Leverage Overheating Recent data shows that the cryptocurrency market is dealing with leverage overheating, meaning many traders are using borrowed money to invest, leading to high risk.

Bitcoin has recently seen a significant drop in value, shedding 4% of its price and failing to hold onto the critical $100,000 support level. This fall, which saw Bitcoin trading as low as $92,785, has raised concerns among investors about the future of the world's most popular cryptocurrency.

Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts.

U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion.

Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset.

South Korean prosecutors say they have seized Bitcoin (BTC) from a convicted crypto scam operator who targeted elderly citizens and North Korean defectors. The post South Korean Prosecutors Seize BTC From Fraudster Who Targeted the Elderly appeared first on Cryptonews.

The use case of Bitcoin has spread around the globe since El Salvador adopted it as a legal tender, the U.S. planned it for a national strategic reserve, and now Suriname.

SEC sets record $8.2B in fines, sparking debate on crypto enforcement as Ripple case remains notably absent.

Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence.

Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22.

Bitcoin (BTC) has recently experienced impressive gains, with a notable 46.59% rise in its monthly value, pushing its market capitalization to a remarkable $1.94 trillion. Despite this growth, Bitcoin's price has recently been trading within a relatively narrow range, leading some to speculate about its next major move.

Bitcoin price is correcting gains below the $95,000 support. BTC traded close to the $90,000 level and is currently consolidating near $92,500.

Prior to the ongoing correction in price, Bitcoin saw a surge. However, this was without retail trader involvement.

Financial analyst Jim Cramer endorsed owning cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) as a safeguard against government overspending and an ever-increasing deficit. What Happened: Cramer defended his pro-cryptocurrency stance, stating that the concerns over national debt are perpetual, CNBC reported Tuesday.