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YGG

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+1.81%

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0

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Bitcoin’s price fell sharply after reaching an all-time high of $104,088 on December 5th and dropped to around $97,000 as of December 10 The US government transferred Bitcoin worth nearly $2 billion to Coinbase played a crucial role in these fluctuations. The Royal Government of Bhutan transferred 406 Bitcoins to a Singapore-based digital asset trading firm QCP Capital. The crypto community is concerned about the potential threat that the computational power of Google’s Willow chip can cause to the security of Bitcoin.

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Bitcoin Crashing? 'Mundane' Reasons, Says Bernstein: 'Buy The Dip' Bitcoin Crashing? 'Mundane' Reasons, Says Bernstein: 'Buy The Dip' The pullback in Bitcoin‘s (CRYPTO: BTC) price sub $95,000 levels has raised concerns among traders, but Bernstein analysts advise investors to “buy the dip.”#BinanceMEOpening #MOVEOpening #MicroStrategyAcquiresBTC #BinanceHODLerMOVE #TokenUnlocks:APT,ADA,ENA

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Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout The week ahead could boost market volatility with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Janet Yellen on Friday, one firm said.

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Donald Trump Vows to Become the ‘Crypto President’ in Fundraising Event Former United States President Donald Trump is ramping up his advocacy for cryptocurrency, now setting his sights on becoming the “crypto president.” He made the comment during a fundraising event in San Francisco, co-hosted by Craft Ventures’ general partner, David Sacks, and tech billionaire Chamath Palihapitiya, according to a recent Reuters report. At this gathering, Trump purportedly affirmed his commitment to cryptocurrency, asserting his readiness to champion the industry’s advancement, while cautioning against the Democratic Party’s purported inclination towards stringent regulations. The fundraising event proved to be a significant boon for Donald Trump’s promotional efforts, reportedly netting a substantial $12 million in support ahead of the November 5 U.S. presidential election. Trump’s Crypto Support Comes in Contrast to Biden Donald Trump’s embrace of cryptocurrency aligns with his broader strategy to distinguish himself from the policies espoused by the current administration, particularly in light of President Joe Biden’s recent decision that drew ire from the crypto community. Just a week prior, Biden faced criticism after vetoing a resolution aimed at overturning the controversial U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. This bulletin, which mandates institutions holding cryptocurrency assets to record them as liabilities on their balance sheets, has been a point of contention within the industry. Trump’s vocal support for cryptocurrency is not new, as evidenced by several recent public statements. On May 26, he reiterated his stance that the United States must assert its dominance in the crypto sector. “Our country must be the leader in the field, there is no second place,” he said at the time in a post on Truth Social, a social media platform owned by Trump Media and Technology Group. Furthermore, he has recently announced that his presidential campaign would accept cryptocurrency donations.

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