Month: January 2025

Arizona Senate committee approves strategic Bitcoin reserve bill

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Key Takeaways Arizona’s Senate Finance Committee approved a bill allowing public funds to invest in Bitcoin. The bill permits investment of up to 10% of public funds in virtual currencies like Bitcoin. Share this article Arizona lawmakers have advanced a bill allowing public funds to invest in Bitcoin and other digital assets, with the state Senate Finance Committee approving the measure in a 5-2 vote on January 27. Co-sponsored by Wendy Rogers and Jeff Weninger, the proposed legislation, known as SB1025 or “Arizona Strategic Bitcoin Reserve Act,” allows the state…

Key Hurdles Blocking Its Path?

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Este artículo también está disponible en español. Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,220 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,300 level. Ethereum Price Dips…

Bitcoin Price Bounce Back Might Be Short-Lived: Here’s Why

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Este artículo también está disponible en español. Bitcoin price extended losses and tested the $97,650 zone. BTC is now correcting losses and might face hurdles near the $103,000 level. Bitcoin started a downside correction below the $103,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $103,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it stays below the $103,500 zone. Bitcoin Price…

MicroStrategy Expands Bitcoin Holdings to 471,100 BTC Worth $46 Billion

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MicroStrategy has once again solidified its position as the largest corporate holder of Bitcoin, announcing the acquisition of an additional 10,100 BTC for $1.1 billion. The latest purchase, made at an average price of $105,596 per Bitcoin, occurred just before a market correction saw Bitcoin’s price dip 6% below $100,000. MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin and has achieved BTC Yield of 2.90% YTD 2025. As of 1/26/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/UM5dGUS9Ma — Michael…