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Koda_
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Bullish
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#chainlink
breaking out of bullish flag separating itself from the rest of the
#crypto
market.
#link
#BTC
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𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 𝐨𝐟 𝐁𝐢𝐭𝐜𝐨𝐢𝐧? 𝐓𝐡𝐞𝐬𝐞 𝐒𝐭𝐚𝐭𝐞𝐬 𝐀𝐫𝐞 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐁𝐓𝐂 𝐑𝐞𝐬𝐞𝐫𝐯𝐞𝐬 As of February 2025, a growing number of U.S. states are considering legislation to establish strategic Bitcoin reserves as part of their financial strategies. This movement aligns with President Donald Trump's federal initiative to create a national Bitcoin stockpile. States such as Texas, Pennsylvania, Ohio, Wyoming, Massachusetts, Oklahoma, Illinois, and South Dakota have introduced proposals to invest in Bitcoin. For instance, Texas State Representative Giovanni Capriglione proposed a bill in December 2024 to create a Bitcoin stockpile, emphasizing the state's commitment to fostering innovation in digital assets. Similarly, Pennsylvania's House of Representatives proposed a bill in November 2024 that would allow the state's Treasurer to allocate up to 10% of various state funds into Bitcoin, potentially enabling a significant investment. In December 2024, Ohio State Representative Derek Merrin introduced a bill to establish a strategic Bitcoin reserve, granting the State Treasurer discretionary power to purchase the asset. Wyoming and Massachusetts have also joined this trend, with legislators submitting draft bills in January 2025 to permit their state treasurers to invest public funds in Bitcoin. As of early February 2025, 16 U.S. states are exploring legislation to establish Bitcoin reserves or enable crypto investments for public funds, with Utah leading the way. This state-level momentum reflects a broader national interest in integrating Bitcoin into governmental financial strategies, aiming to leverage the cryptocurrency's potential as a hedge against inflation and a tool for financial innovation. $BTC #AltcoinRevolution2028
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$BTC $XRP
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JUST IN: El Salvador bought another 11 #bitcoin worth over $1.1 million for their strategic bitcoin reserve 🇸🇻 $BTC
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🔔 Price of BTC has decreased by -1.03% in the past 7d. 🔸 Summary:The price of BTC has decreased by 1.03% over the past 7 days, currently standing at $101,582.18, which is a 4.58% drop from its 7-day high. Despite the decrease in price, the capital flow into BTC has significantly increased by 1,166.59% over the same period, indicating a strong influx of investment. 📈 Technicals: The MACD indicates a bullish sentiment with strong buying pressure, while the OBV confirms a bearish market sentiment with continued selling pressure, and the expanding Bollinger Bands suggest increased market volatility and a potential shift towards a bearish trend.
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The cryptocurrency market's recent collapse can be attributed to: Regulatory Pressure: Increased scrutiny and potential bans from governments. Economic Factors: High U.S. inflation and interest rates pushing investors to safer assets. Market Sentiment: Fear from past collapses like Luna and FTX, leading to cautious investing. Lack of Innovation: Fewer new, impactful crypto projects, diluting market interest. Liquidity Problems: Too many competing tokens, reducing effective liquidity. External Influences: Events like the introduction of DeepSeek AI and Trump's policies. Fraud and Manipulation: High-profile cases diminishing investor trust.
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