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1. President Trump Signs Executive Order to Establish Strategic Bitcoin Reserve link David Sacks, the “Crypto Tsar” and the White House’s AI and Crypto Affairs Chief in the United States, tweeted that Trump has signed an executive order to establish a strategic Bitcoin reserve. The funds for this reserve come from the bitcoins obtained by the federal government through criminal or civil asset forfeiture procedures, without involving taxpayers’ money. These bitcoins will be used as a store of value and will not be sold. In addition, the executive order also establishes a US digital asset reserve for holding confiscated digital assets other than bitcoin, but will not acquire any new assets. This reserve will be managed by the US Department of the Treasury. Fox reporter Eleanor Terrett has conducted an in-depth Analysis of Trump’s establishment of strategic Bitcoin and digital asset reserves. The strategic reserve contains only BTC, with the initial funds coming from approximately 200,00...

Bitcoin price surge hit powerful new records as the leading cryptocurrency rocketed past $105,000 on Wednesday, triggering quite a shift in crypto market trends. A remarkable rally unfolded right after the Federal Reserve announced its plan to keep current interest rates steady, with Bitcoin volatility staying surprisingly stable through such dramatic moves. The world’s largest digital asset showcased impressive investment security while numerous policy signals shifted around it. Also Read: Cardano: ADA To Surge 146% To Sit At $2: Here’s When Fed’s Policy Changes and Bitcoin’s Price Surge Amid Crypto Volatility Source: WSJ News Fed’s Strategic Rate Hold Several market watchers praised the Federal Reserve’s decision to keep interest rates between 4.25% and 4.50%. Multiple investors watched the Bitcoin price surge as numerous comments from Fed Chair Powell sparked fresh confidence. Powell said: “Banks are perfectly able to serve crypto customers as long...

The entire cryptocurrency market was painted red. Several assets, including Bitcoin (BTC), recorded a major fall over the past 24 hours. The world’s largest cryptocurrency recently hit an all-time high of $108,268.45. But BTC was trading 6.63% below this peak during press time. Sadly, the asset dipped below the coveted $100,000 mark and was trading at a low of $98,792. But what is the reason behind this notable correction? Also Read: Amazon Stock Rises as AMZN Plans $10B AI Investment Bitcoin’s Current State Source: CoinMarketCap At the time of writing, Bitcoin was trading at $100,997.17. This is after the asset witnessed a nearly 3% decrease in price over the past 24 hours. The king coin recorded a bullish month as the asset went from being priced at a low of $91,000 all the way to its all-time high of $108,268.45. Along with its price, the market cap of the king coin also dipped. Yet, Bitcoin continues to remain the world’s largest cryptocurrency, with a market value...

This week, the cryptocurrency market is experiencing a strong bullish trend, partially fueled by the recent U.S. presidential election. This development has drawn the attention of Polymarket bettors, who have benefited from recent market moves. Bitcoin reached a significant milestone on Friday, surpassing $77,000. This surge followed the U.S. Federal Reserve’s decision to lower interest rates by 25 basis points, setting a new target range of 4.50% to 4.75%.  During the announcement, Fed Chair Jerome Powell emphasized that the rate adjustment was unrelated to the recent election results. The Fed’s decision appears to have injected fresh optimism into the crypto market. Beyond Bitcoin, several leading cryptocurrencies saw gains in response to the interest rate cut, contributing to the broader rally. This article analyzes the top crypto to invest in right now amidst this bullish momentum.  Top Crypto to Invest in Right Now The Graph token currently stands at $0.16...

Inflation in the U.S. has gradually been on a decline. The CPI fell to 7.1% in November last year, a number lower than expected. Likewise, it further dropped down to 6.5% in December and 6.4% in January this year. Now, the U.S. Bureau of Labor Statistics has released the much-awaited numbers for February. According to data, inflation dropped to 6%. The figure is exactly in line with the projected median estimate of 6%. BREAKING: US inflation falls to 6%. — Watcher.Guru (@WatcherGuru) March 14, 2023 Will regulators cut some slack? Today’s inflation numbers follow the ripe unemployment rise data that was released last week. Despite adding a slew of jobs in the month of February, the U.S. unemployment rate increased to 3.6%. Nevertheless, the Bureau of Labor Statistics employment summary of the month showed that 311,000 jobs were added last month, massively exceeding expectations by more than 200,000. The latest inflation data release, along with the employment-unemployment data,...