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Explainer-How would a U.S. bitcoin strategic reserve work?
By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON (Reuters) - hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here's how the plan could work. WHAT IS A STRATEGIC RESERVE? A strategic reserve is a stock of a critical resource which can be released at times of crisis or supply disruptions. The best-known example is the U.S. Strategic Petroleum Reserve, the world's largest supply of emergency , which was created by an act of Congress in 1975 after a 1973-74 Arab oil...
Fed’s Third Rate Cut of 2024, Will It Revive XRP and Bitcoin Prices?
As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years. Fed Cuts Rates by 25 Basis Points This decision has officially lowered the federal funds rate to 4.25% from 4.50%. While inflation remains slightly above the central bank’s target, it has significantly declined from the 40-year high reached during the pandemic peak. Although the effects of this latest rate cut may not be immediately noticeable, it marks a critical step in...
Bitcoin Top Here? What Historical HODLer Selloff Pattern Says
On-chain data shows the Bitcoin long-term holders are selling. Here’s whether the current level of selloff is enough for a price top or not. Bitcoin Long-Term Holders Have Been Selling Big Recently In a new post on X, analyst Ali Martinez has discussed about the historical trend in the holdings of the long-term holders relative to the Bitcoin top. The “long-term holders” (LTHs) refer to the BTC investors who have been holding onto their coins for more than 155 days. The LTHs represent one of the two main divisions of the BTC market done on the basis of holding time,...
