Binance Square
USCrypto
42,378 次浏览
20 人讨论中
热门
最新内容
2024年12月11日
Bitcoin Officially Recognized as “Digital Gold” by the U.S. Department of the TreasuryIn its latest report, the U.S. Department of the Treasury has officially designated Bitcoin as “digital gold,” underscoring its critical role in the world of decentralized finance (DeFi). According to the report for the fourth fiscal quarter of 2024, Bitcoin’s primary function has evolved into that of a store of value. The document highlights that, while significant speculative interest has fueled the popularity of digital tokens, Bitcoin is increasingly viewed as a digital counterpart to gold. Interest in Bitcoin has surged following a series of key political developments. Recently elected U.S. President Donald Trump nominated Scott Bessent, a prominent cryptocurrency advocate, as Secretary of the Treasury. In July, the President also announced plans to establish a strategic national reserve of Bitcoin, capturing the attention of both the public and investors. Federal Reserve Chair Jerome Powell also weighed in during the DealBook conference organized by The New York Times. Drawing comparisons between Bitcoin and gold, Powell described the cryptocurrency as a highly volatile asset that serves more as a store of value than as a payment medium. “It’s not a competitor to the dollar but rather a virtual equivalent of gold,” Powell remarked. A key milestone for the cryptocurrency market was Bitcoin surpassing the $100,000 mark in December. This achievement not only reinforced the cryptocurrency’s status but also accelerated its integration into the traditional economy. Experts believe that further increases in Bitcoin’s value could drive heightened interest from both institutional investors and retail users. Support from major corporations like BlackRock and MicroStrategy has also been instrumental in strengthening Bitcoin’s position. These companies have made significant investments in the digital currency, underscoring its potential as an innovative investment tool and a means of preserving capital over the long term. #Bitcoin #DigitalGold #USCrypto #BlockchainNews #FinancialInnovation

Bitcoin Officially Recognized as “Digital Gold” by the U.S. Department of the Treasury

In its latest report, the U.S. Department of the Treasury has officially designated Bitcoin as “digital gold,” underscoring its critical role in the world of decentralized finance (DeFi).
According to the report for the fourth fiscal quarter of 2024, Bitcoin’s primary function has evolved into that of a store of value. The document highlights that, while significant speculative interest has fueled the popularity of digital tokens, Bitcoin is increasingly viewed as a digital counterpart to gold.
Interest in Bitcoin has surged following a series of key political developments. Recently elected U.S. President Donald Trump nominated Scott Bessent, a prominent cryptocurrency advocate, as Secretary of the Treasury. In July, the President also announced plans to establish a strategic national reserve of Bitcoin, capturing the attention of both the public and investors.
Federal Reserve Chair Jerome Powell also weighed in during the DealBook conference organized by The New York Times. Drawing comparisons between Bitcoin and gold, Powell described the cryptocurrency as a highly volatile asset that serves more as a store of value than as a payment medium. “It’s not a competitor to the dollar but rather a virtual equivalent of gold,” Powell remarked.
A key milestone for the cryptocurrency market was Bitcoin surpassing the $100,000 mark in December. This achievement not only reinforced the cryptocurrency’s status but also accelerated its integration into the traditional economy. Experts believe that further increases in Bitcoin’s value could drive heightened interest from both institutional investors and retail users.
Support from major corporations like BlackRock and MicroStrategy has also been instrumental in strengthening Bitcoin’s position. These companies have made significant investments in the digital currency, underscoring its potential as an innovative investment tool and a means of preserving capital over the long term.

#Bitcoin #DigitalGold #USCrypto #BlockchainNews #FinancialInnovation
2024年12月19日
看跌
$BTC $ETH Are You Ready for the Latest IRS Crypto Rules? The IRS is hosting a webinar tomorrow to clarify and address questions about the latest crypto tax regulations impacting 50M+ US Crypto Investors. From stricter reporting rules to Form 1099-DA, here’s your sneak peek straight from their slides 🧵 Source: IRS Webinars#BTC #USCrypto
$BTC $ETH Are You Ready for the Latest IRS Crypto Rules?

The IRS is hosting a webinar tomorrow to clarify and address questions about the latest crypto tax regulations impacting 50M+ US Crypto Investors.

From stricter reporting rules to Form 1099-DA, here’s your sneak peek straight from their slides 🧵

Source: IRS Webinars#BTC #USCrypto
2024年12月19日
Why Bitcoin is Dumping 🩸Market Correction Buy or HODL?Today’s market downturn is driven by multiple factors, with BTC dropping 6.27% to $97,986.03. The Federal Reserve’s recent rate cut to 4.25%-4.5% and its signal of a slower pace for further reductions have dampened investor optimism. This adjustment has particularly impacted speculative assets like Bitcoin, which are highly sensitive to interest rate expectations. Inflation concerns are mounting due to policies from the incoming U.S. administration, which may fuel further price instability. Bitcoin, often seen as a hedge against inflation, remains volatile as investors weigh potential risks. Additionally, thin holiday liquidity has amplified market fluctuations, worsening the sell-off across crypto and other markets. Global economic indicators suggesting a slowdown have heightened fears of stagnation or recession, further unsettling investors. Policy uncertainty surrounding tariffs, tax reforms, and inflation management has compounded the cautious sentiment, leading to increased volatility in Bitcoin’s price. Looking ahead, Bitcoin may test lower support levels near $78,941 or $73,483 due to overbought RSI levels and macroeconomic headwinds. However, improved liquidity and reduced uncertainty could push BTC back toward $108,353 by early 2025. Investors should closely monitor Federal Reserve policies and global economic data to navigate the ongoing volatility. $BTC #MarketCorrectionBuyorHODL #BinanceAlphaAlert #USJoblessClaimsFall #USCrypto #BTCNextMove {future}(BTCUSDT)

Why Bitcoin is Dumping 🩸Market Correction Buy or HODL?

Today’s market downturn is driven by multiple factors, with BTC dropping 6.27% to $97,986.03. The Federal Reserve’s recent rate cut to 4.25%-4.5% and its signal of a slower pace for further reductions have dampened investor optimism. This adjustment has particularly impacted speculative assets like Bitcoin, which are highly sensitive to interest rate expectations.
Inflation concerns are mounting due to policies from the incoming U.S. administration, which may fuel further price instability. Bitcoin, often seen as a hedge against inflation, remains volatile as investors weigh potential risks. Additionally, thin holiday liquidity has amplified market fluctuations, worsening the sell-off across crypto and other markets.
Global economic indicators suggesting a slowdown have heightened fears of stagnation or recession, further unsettling investors. Policy uncertainty surrounding tariffs, tax reforms, and inflation management has compounded the cautious sentiment, leading to increased volatility in Bitcoin’s price.
Looking ahead, Bitcoin may test lower support levels near $78,941 or $73,483 due to overbought RSI levels and macroeconomic headwinds. However, improved liquidity and reduced uncertainty could push BTC back toward $108,353 by early 2025. Investors should closely monitor Federal Reserve policies and global economic data to navigate the ongoing volatility.
$BTC #MarketCorrectionBuyorHODL #BinanceAlphaAlert #USJoblessClaimsFall #USCrypto #BTCNextMove