#bitcoin looks like bitcoin is on the move for a upward tren | pratik_stha20 on Binance Square

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#bitcoin looks like bitcoin is on the move for a upward trend. Will bitcoin cross the 105k?

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#TRUMPCoinMarketCap TrumpCoin (DJT) is a cryptocurrency on the Solana blockchain. As of January 18, 2025, it is priced at approximately $0.000614 USD, with a 24-hour trading volume of about $2,020,337 USD. The total supply is 10 billion DJT tokens. Another related token is DONALD TRUMP (DONALD), also on the Solana blockchain. It is currently priced at approximately $0.000058 USD, with a 24-hour trading volume of about $46.54 USD. Please note that cryptocurrency markets are highly volatile. Prices and trading volumes can change rapidly. For the most current information, refer to official sources or reputable financial platforms.

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#BTCNextATH? Bitcoin (BTC) is currently trading at approximately $103,008, with an intraday high of $105,912 and a low of $100,992. Recent market movements have been influenced by anticipation of President-elect Donald Trump's inauguration and his proposed crypto-friendly policies. Analysts suggest that continued bullish sentiment in equities might propel Bitcoin's price further, potentially reaching $130,000 by the end of January. Technical indicators also provide insights into Bitcoin's potential trajectory. Analysts note that Bitcoin's price previously peaked when the one-year moving average hit the midway mark of the logarithmic growth curve channel, suggesting a possible mid-year peak in 2025. However, it's important to note that Bitcoin has experienced significant volatility, with recent dips below $90,000 raising concerns about a potential bear market. Analysts caution that if Bitcoin falls below $91,615, it could decline further to around $74,000. Given these varying perspectives, it's crucial to approach such predictions with caution and conduct thorough research before making investment decisions.

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#WyomingBTCReserves Wyoming has recently introduced House Bill 0201 (HB0201), proposing the creation of a Strategic Bitcoin Reserve. This legislation would permit the state treasurer to invest up to 3% of specific state funds—including the general fund, permanent mineral trust fund, and permanent land fund—in Bitcoin (BTC). The bill outlines stringent security measures for managing these investments, such as secure custody of digital assets, exclusive state control over cryptographic private keys, and the use of encrypted storage environments. Additionally, the state treasurer would be required to submit annual reports detailing the performance and status of the Bitcoin investments. This initiative aligns Wyoming with a growing number of U.S. states exploring the integration of Bitcoin into their financial strategies. States like Pennsylvania, Texas, Ohio, New Hampshire, Oklahoma, North Dakota, and Massachusetts have also proposed or enacted similar measures to establish Bitcoin reserves. Senator Cynthia Lummis, a prominent advocate for Bitcoin, praised the introduction of HB0201, stating that it represents a "forward-thinking approach" that will benefit Wyoming as it leads the nation in financial innovation. This movement at the state level mirrors discussions at the federal level, where proposals have been made to establish a national strategic Bitcoin reserve. For instance, Senator Lummis introduced a bill in July 2024 advocating for the U.S. government to acquire a significant Bitcoin reserve. Additionally, President-elect Donald Trump has expressed openness to the idea of creating a "Strategic National Bitcoin Stockpile," suggesting that the government retain any Bitcoin it acquires.

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#SOLVLaunchOnBinance Binance has announced the listing of Solv Protocol's native token, SOLV, on January 17, 2025. Trading pairs will include SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. Prior to the listing, Binance hosted a Megadrop event for SOLV tokens, which began on January 7, 2025. Participants could earn SOLV tokens by subscribing to BNB Locked Products and completing specific Web3 quests. The total reward pool for this event was 588,000,000 SOLV tokens, representing 7% of the genesis supply. Solv Protocol, launched in 2020, focuses on Bitcoin staking and aims to build a Bitcoin-centric financial ecosystem. It is backed by notable investors, including Binance Labs, Nomura’s Laser Digital, Blockchain Capital, and OKX Ventures, after securing $11 million in a strategic funding round in October 2024. The listing of SOLV on Binance represents a significant milestone for Solv Protocol as it expands its presence in the global cryptocurrency market. This development highlights the growing interest in Bitcoin-based DeFi solutions and the increasing demand for decentralized financial products.

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