#BTCNextMove BTC is dropping drastically, market is looking | Syed Omer Hussain on Binance Square

Trending Articles

Bookmarked and Liked

Syed Omer Hussain

--

#BTCNextMove  BTC is dropping drastically, market is looking very bearish a hard pull down is coming forward

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

2.4k

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Syed Omer Hussain

@Square-Creator-26c90bb0aae8

Explore More From Creator

#TrumpBTCBoomOrBust now everyone must understand what does that mean 👻🌊

--

#BitcoinHashRateSurge Cryptocurrencies’ sudden increase in value is a sign of investor optimism about President-elect Donald Trump’s policies and those of his picks to head several key regulatory agencies, some of whom have explicitly promised deregulation of the crypto industry. “That bitcoin hit the $100,000 mark reflects the expectation of both political support and regulatory latitude under the incoming administration,” said Ramaa Vasudevan, an economics professor at Colorado State University who has been critical of crypto. “The nomination of crypto-enthusiasts for administrative posts is a clear signal of the embrace of bitcoin and crypto triggering the flood of money into these markets.” Bitcoin’s rally is also a product of its increased legitimacy. Trump’s election may have sparked its rally, but the financial establishment’s embrace of the asset in recent months provided the tinder. While bitcoin was once a niche curiosity, it is now a mainstream digital currency that everyday Americans can now buy through reputable retail investment accounts. Even if bitcoin ultimately turns out to be a bubble, as many economists have argued it may, these investment vehicles have assured it some staying power. The policies of the incoming Trump administration are fueling optimism Trump has been an ardent cryptocurrency supporter throughout his most recent presidential campaign, and his choices to lead key government agencies related to its regulation reflect that enthusiasm. Bitcoin hit its highest valuation ever following the nomination of Paul Atkins on Wednesday to head the Securities and Exchange Commission (SEC), which is in charge of regulating tradable securities like stocks. Atkins was previously an SEC commissioner for six years during former President George W. Bush’s administration.

--

$ETH I am on short what you guys are at ??

--

#Binance250Million Return to McDonald's Investments always come with risks, and when the worst-case scenario actually happens — such as FOMO-fueled buying crypto on debt and being 90% down in your investments — it's nice to have a plan B just in case. For some of you, the best options left are taking whatever minimum wage job is available near your mom's place, where you can temporarily stay in your old room while processing a valuable lesson on risk management. Would you like fries with that?

--

Japan Rejects Bitcoin National Reserves Japan's government has officially turned down the proposal to include Bitcoin in its national foreign exchange reserves, citing the cryptocurrency's volatility and its incompatibility with existing financial frameworks. This cautious stance stands in stark contrast to the growing enthusiasm for Bitcoin and other cryptocurrencies in both private sectors and among several global governments. Government’s Caution on Bitcoin Reserves On December 26, 2024, Japanese Prime Minister Shigeru Ishiba addressed the proposal from Senator Satoshi Hamada, a member of the House of Councilors, regarding the potential to convert part of Japan’s foreign exchange reserves into cryptocurrencies, including Bitcoin. The Japanese government responded with a statement clarifying that cryptocurrencies do not align with Japan’s financial reserve strategy. “The current legal framework does not recognize Bitcoin as part of foreign exchange reserves,” the statement read, adding that Bitcoin’s inherent volatility makes it unsuitable for the government’s strategy, which prioritizes security, liquidity, and stability. The government emphasized that its reserves are intended to stabilize foreign currency-denominated assets and bond markets, not to accommodate speculative, high-risk assets like Bitcoin. Prime Minister Ishiba also noted the lack of detailed information on the global movement toward Bitcoin reserves, especially in countries like the United States, where discussions are still in their infancy. “It would be difficult for the government to commit to such a decision at this stage,” he said. Private Sector Investment in Bitcoin While the Japanese government is still quite cautious about the digital currency, the private sector has been more aggressive with Bitcoin. Companies like Metaplanet, often mentioned as a Japanese version of U.S.-based MicroStrategy, have continued to aggressively invest in Bitcoin. Just last week, Metaplanet added 617 BTC to show its bullish outlook for long-term potential. #Binance250Million

--

Latest News

GSR Markets UK Limited Secures FCA Approval For Crypto Services

--

Tech Leaders Debate Future Of Artificial Intelligence

--

Bitcoin(BTC) Surpasses 99,000 USDT with a 1.35% Increase in 24 Hours

--

Trump's Team Considers Tariff Plan Targeting Key Imports

--

Starknet Delays Optimization Update to February 2025

--

Trending Articles

WARNING TO XRP HOLDERS 🚨: YOUR FUTURE DEPENDS ON YOU! 📣 A

#BitcoinHashRateSurge The first price of bitcoin is $0.0009

🚀 The 20$ Crypto strategy: Flip $20 into $52K! I PERSONALL

Vitalik Buterin Sounds Alarm: Superintelligent AI Could Arrive Sooner Than You Think

BeInCrypto Global

Hedera (HBAR) Price Analysis: Uptrend At Risk

Cookie Preferences

Cookie Preferences