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According to PANews, Bitwise has released updated data on its cryptocurrency exchange-traded funds (ETFs) as of December 20. The company's Bitcoin ETF holds 41,165.79 BTC, valued at approximately $3,986,965,091.07. Meanwhile, its Ethereum ETF contains 119,021.31 ETH, with an estimated value of $411,507,871.29.

On Dec 21, 2024, 13:23 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 97,000 USDT and is now trading at 96,840 USDT, with a narrowed narrowed 3.44% increase in 24 hours.

According to Odaily, CryptoQuant CEO Ki Young Ju commented on the X platform regarding a video by crypto influencer The BTC Therapist. He stated that MicroStrategy has emerged as another 'USD-Bitcoin gateway.' However, its design is innovative enough to frustrate those who find it difficult to grasp. This high-performance gateway has successfully processed $27 billion into 439,000 BTC.

According to BlockBeats, data from Farside Investors indicates that U.S. Bitcoin spot ETFs experienced a total net inflow of $457.2 million this week.

According to Odaily, Glassnode recently shared insights on the X platform, noting an interesting trend in the Bitcoin market. As the market expands, the severity of Bitcoin's pullbacks during bull market uptrends has decreased. The deepest pullback in this cycle was recorded at -32% on August 5, 2024. Most corrections have only seen a decline of about 25% from previous highs. This trend reflects the demand for spot ETFs and increasing institutional interest.

According to PANews, CryptoQuant's founder and CEO, Ki Young Ju, expressed on the X platform that it is entirely feasible to use Bitcoin to repay U.S. debt if there is a consensus on Bitcoin's status. He noted that the only risk involves old Bitcoin holders selling their assets to undermine the U.S. However, he questioned whether these holders would actually sell if the U.S. government continues to accumulate Bitcoin until 2050 and its price keeps rising.

On Dec 21, 2024, 07:36 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 99,000 USDT benchmark and is now trading at 99,049.351563 USDT, with a narrowed 1.03% increase in 24 hours.

According to PANews, U.S. Senator Cynthia Lummis has emphasized the purpose of a strategic Bitcoin reserve as a means to 'clearly and strategically repay the government debt looming over every American.'

On Dec 21, 2024, 05:47 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 98,000 USDT benchmark and is now trading at 98,164.023438 USDT, with a narrowed 1.26% increase in 24 hours.

According to BlockBeats, on December 21, Nate Geraci, President of The ETF Store, announced on social media that the S-1 amendment for the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF has been submitted. As the name suggests, this ETF comprises 80% Bitcoin and 20% carbon credit futures. The SEC has approved the 19b-4 filing, and the ETF is expected to launch soon.

On Dec 20, 2024, 21:10 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,975.421875 USDT, with a narrowed 1.14% decrease in 24 hours.

On Dec 20, 2024, 15:27 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,026.679688 USDT, with a narrowed narrowed 2.80% decrease in 24 hours.

According to Binance market data, Bitcoin has rebounded and surpassed 96,000 USDT, currently priced at 96,212.04 USDT. The 24-hour decline has narrowed to 5.88%.

According to ShibDaily, Federal Reserve Chair Jerome Powell has reiterated that the central bank is not authorized to own Bitcoin, despite a proposal from Senator Cynthia Lummis suggesting otherwise. During a press briefing after the year's final Federal Open Market Committee (FOMC) meeting, Powell emphasized that the Federal Reserve has no plans to hold Bitcoin as part of its reserves and does not intend to seek legislative changes to allow such actions. This stance comes amid growing interest in cryptocurrencies as President-elect Donald Trump prepares to take office. Powell's statements highlight the central bank's reluctance to integrate Bitcoin into its monetary policy framework, maintaining a focus on preserving the dollar's dominance in global markets. In contrast, some members of the incoming Trump administration are exploring alternative reserve assets. Experts suggest that creating a Strategic Bitcoin Reserve could lead to tensions between regulatory agencies and the executive branch, complicating efforts to incorporate Bitcoin into federal financial systems. Senator Lummis, however, has proposed a plan to grant the Federal Reserve the authority to hold Bitcoin. In an interview with Yahoo Finance, she outlined her proposal for the U.S. government to acquire 200,000 Bitcoin annually over five years, ultimately amassing one million Bitcoin. The plan includes holding the Bitcoin for at least 20 years, with projections suggesting the reserve could appreciate to $16 trillion. Lummis believes a Bitcoin reserve could strengthen the U.S. dollar and address challenges related to the country's large debt. Lummis expressed enthusiasm about working with President-elect Trump's pick for Crypto Czar, David Sacks, on comprehensive digital asset legislation and her proposed Bitcoin reserve. She described the upcoming administration as potentially the most pro-digital asset in history. This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making investment decisions.

On Dec 20, 2024, 11:36 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 93,000 USDT and is now trading at 92,911.296875 USDT, with a narrowed 9.21% decrease in 24 hours.

On Dec 20, 2024, 11:21 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 94,000 USDT and is now trading at 93,979.992188 USDT, with a narrowed 8.16% decrease in 24 hours.

On Dec 20, 2024, 09:48 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,934.796875 USDT, with a narrowed 6.73% decrease in 24 hours.

On Dec 20, 2024, 08:47 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,912.609375 USDT, with a narrowed 5.72% decrease in 24 hours.