AmirCrypto7
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AmirCrypto7
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#Binance
#bitcoin
#Bitcoin❗ $BTC
Analysis of the Impact of the Sale of 69,000 Bitcoins by the US Government
The sale of 69,000 Bitcoins by the US government could have significant effects on the market.
---
1. Total Supply of Bitcoin
Maximum Supply: 21,000,000 BTC
Mined Bitcoins (January 2025): 19,500,000 BTC
Active Bitcoins: About 15,000,000 BTC
69,000 BTC corresponds to 0.46% of the total supply and 0.65% of active Bitcoins.
---
2. Impact of Supply and Demand
The Bitcoin price depends on supply and demand:
A sudden increase in supply could lower prices by 5-10%.
---
3. Sale Value and Market Volume
Sale Value: 6.3 billion USD (at 91,400 USD/BTC)
Daily Trading Volume: ~20 billion USD
This sale corresponds to 31.5% of the daily trading volume and creates selling pressure.
---
4. Sales Strategy and Impact
A gradual sale reduces short-term impacts and gives the market time to absorb the supply.
---
Conclusion:
Short-term: Price drop of 5-10% with sudden sale.
Long-term: Minor impacts with gradual sale.
Survey:
Do you believe that this sale will have long-term effects on the Bitcoin price?
Yes
No
No opinion
#bitcoin
#Bitcoin❗ $BTC
Analysis of the Impact of the Sale of 69,000 Bitcoins by the US Government
The sale of 69,000 Bitcoins by the US government could have significant effects on the market.
---
1. Total Supply of Bitcoin
Maximum Supply: 21,000,000 BTC
Mined Bitcoins (January 2025): 19,500,000 BTC
Active Bitcoins: About 15,000,000 BTC
69,000 BTC corresponds to 0.46% of the total supply and 0.65% of active Bitcoins.
---
2. Impact of Supply and Demand
The Bitcoin price depends on supply and demand:
A sudden increase in supply could lower prices by 5-10%.
---
3. Sale Value and Market Volume
Sale Value: 6.3 billion USD (at 91,400 USD/BTC)
Daily Trading Volume: ~20 billion USD
This sale corresponds to 31.5% of the daily trading volume and creates selling pressure.
---
4. Sales Strategy and Impact
A gradual sale reduces short-term impacts and gives the market time to absorb the supply.
---
Conclusion:
Short-term: Price drop of 5-10% with sudden sale.
Long-term: Minor impacts with gradual sale.
Survey:
Do you believe that this sale will have long-term effects on the Bitcoin price?
Yes
No
No opinion
$BTC
Analysis of the impact of the sale of 69,000 Bitcoins by the US government
The sale of 69,000 Bitcoins by the US government could have a significant impact on the market.
1. Total Bitcoin Supply
Maximum supply: 21,000,000 Bitcoins
Bitcoins mined to date (January 2025): 19,500,000 Bitcoins
Active Bitcoins: Approximately 15,000,000 Bitcoins
69,000 Bitcoins are equivalent to 0.46% of the total supply and 0.65% of active Bitcoins.
2. The impact of supply and demand
The price of Bitcoin is a function of supply and demand:
A sudden increase in supply causes the price to decrease. If this sell-off happens all at once, there is a possibility of a 5-10% drop.
3. Sale value and trading volume
Sale volume: $6.3 billion (at $91,400)
Daily trading volume: around $20 billion
This is 31.5% of the daily trading volume and is creating selling pressure.
4. Selling strategy and impact
A gradual sell-off can reduce the negative impact and give the market time to absorb these bitcoins.
Conclusion:
Short term: 5-10% price drop in case of a sudden sell-off.
Long term: Low impact with gradual sell-off.
Poll:
Do you think this sell-off will have a long-term impact on the price of bitcoin?
Yes
No
No opinion
#bitcoin
#Bitcoin❗
#Binance
Analysis of the impact of the sale of 69,000 Bitcoins by the US government
The sale of 69,000 Bitcoins by the US government could have a significant impact on the market.
1. Total Bitcoin Supply
Maximum supply: 21,000,000 Bitcoins
Bitcoins mined to date (January 2025): 19,500,000 Bitcoins
Active Bitcoins: Approximately 15,000,000 Bitcoins
69,000 Bitcoins are equivalent to 0.46% of the total supply and 0.65% of active Bitcoins.
2. The impact of supply and demand
The price of Bitcoin is a function of supply and demand:
A sudden increase in supply causes the price to decrease. If this sell-off happens all at once, there is a possibility of a 5-10% drop.
3. Sale value and trading volume
Sale volume: $6.3 billion (at $91,400)
Daily trading volume: around $20 billion
This is 31.5% of the daily trading volume and is creating selling pressure.
4. Selling strategy and impact
A gradual sell-off can reduce the negative impact and give the market time to absorb these bitcoins.
Conclusion:
Short term: 5-10% price drop in case of a sudden sell-off.
Long term: Low impact with gradual sell-off.
Poll:
Do you think this sell-off will have a long-term impact on the price of bitcoin?
Yes
No
No opinion
#bitcoin
#Bitcoin❗
#Binance
✨ The future of BNB; Why this token has a bright future? 🚀
🔮 With the continuous growth of the crypto market and the advancement of Binance projects, BNB remains on an ascending trajectory.
1️⃣ Expansion of the Binance ecosystem:
Binance, one of the largest crypto exchanges in the world, is continuously developing its ecosystem. From the BNB Chain to DeFi and NFT projects, all these factors increase the demand for BNB.
2️⃣ Periodic burning of BNB:
The process of burning tokens helps to reduce the supply and increase the long-term value of BNB. This mechanism ensures a balance between supply and demand.
3️⃣ Growth of real-world application:
BNB is no longer just a token for reducing trading fees. Today, one can use it for payments, investing in projects, and even buying NFTs.
4️⃣ Strong support from the Binance team:
Binance is continuously working to keep BNB at the center of its ecosystem. This strong support makes the future of BNB even more promising.
🔥 Conclusion:
Given the continuous progress and wide application areas, BNB remains a powerful asset for future investments. But always remember: research and analysis are the key to success in investing.
📊 What do you think about the future of BNB? Can this token overcome its limitations? Share your opinion with us!
#BNB #XmasCryptoMiracle
$BNB
🔮 With the continuous growth of the crypto market and the advancement of Binance projects, BNB remains on an ascending trajectory.
1️⃣ Expansion of the Binance ecosystem:
Binance, one of the largest crypto exchanges in the world, is continuously developing its ecosystem. From the BNB Chain to DeFi and NFT projects, all these factors increase the demand for BNB.
2️⃣ Periodic burning of BNB:
The process of burning tokens helps to reduce the supply and increase the long-term value of BNB. This mechanism ensures a balance between supply and demand.
3️⃣ Growth of real-world application:
BNB is no longer just a token for reducing trading fees. Today, one can use it for payments, investing in projects, and even buying NFTs.
4️⃣ Strong support from the Binance team:
Binance is continuously working to keep BNB at the center of its ecosystem. This strong support makes the future of BNB even more promising.
🔥 Conclusion:
Given the continuous progress and wide application areas, BNB remains a powerful asset for future investments. But always remember: research and analysis are the key to success in investing.
📊 What do you think about the future of BNB? Can this token overcome its limitations? Share your opinion with us!
#BNB #XmasCryptoMiracle
$BNB
Binance Academy
·
--
What Is Bio Protocol (BIO)?
Key Takeaways
Bio Protocol is a curation and liquidity platform dedicated to advancing Decentralized Science (DeSci), aiming to make biotech research more accessible by enabling community-driven funding, development, and ownership of tokenized projects and intellectual property.
The BIO Protocol operates through bioDAOs, decentralized organizations focused on specific areas of biotechnology, such as longevity research or gene therapy, where members pool resources and make collective decisions.
Intellectual property generated within the ecosystem can be tokenized, allowing fractional ownership and broader access to scientific breakthroughs beyond traditional corporate structures.
The BIO token serves as a utility and governance tool, enabling holders to support bioDAOs, vote on protocol decisions, fund network programs, and potentially access rewards and early funding opportunities.
Bio Protocol also includes a Launchpad for initiating new biotech projects and a bioDAO Incubator to support the development of emerging decentralized research organizations.
Introduction
Bio Protocol is a blockchain-based platform built around Decentralized Science (DeSci), a movement that uses blockchain technology to change how scientific research is funded, owned, and developed. Traditional biotech research often requires access to large institutional funding and is controlled by a small number of major players. Bio Protocol aims to broaden that access by enabling researchers, patients, and biotech professionals to participate directly in funding and owning scientific projects.
This article explains how Bio Protocol works, what the BIO token does, and what the platform offers for researchers and community participants.
What Is Bio Protocol?
Bio Protocol is a curation and liquidity protocol designed to accelerate biotechnology research. It allows a global community of participants to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The team behind Bio Protocol includes professionals with backgrounds at Molecule, a tokenization platform for biomedicine projects, and VitaDAO, a decentralized community focused on longevity science. These organizations represent earlier experiments in applying blockchain to scientific research, and Bio Protocol builds on that foundation at a broader scale.
What Is Bio Protocol Trying to Solve?
Traditional biotech research faces several structural challenges: high costs, slow and concentrated funding processes, and limited access to intellectual property (IP) for smaller organizations or independent researchers. Bio Protocol's approach is to decentralize these processes using blockchain, making it possible for a wider range of contributors to participate and benefit.
The platform's ecosystem model envisions a community-driven environment where diverse groups can pool resources, evaluate promising projects through collective curation, and share in the outcomes of the research they support.
The BIO Protocol
The BIO Protocol is the technical and organizational framework underlying the platform. Its main components include:
BioDAOs
BioDAOs are decentralized autonomous organizations (DAOs) focused on specific areas of biotechnology, such as gene editing, cancer research, or vaccine development. Members of a bioDAO pool resources, vote on project priorities, and share in the outcomes. Each bioDAO operates independently within the broader Bio Protocol ecosystem.
Curation
With many potential projects competing for resources, Bio Protocol uses a community curation mechanism to prioritize allocation. Token holders vote to determine which projects have the most potential, providing a decentralized signal for where resources should flow.
Bio/Acc Rewards
To keep contributors active, Bio Protocol offers rewards through its Bio/Acc Rewards program. Participants who contribute expertise, funding, or other resources can earn tokens based on their level of contribution.
IP tokens
One of Bio Protocol's core features is the tokenization of intellectual property. Rather than keeping biotech breakthroughs locked within a single organization, IP can be converted into digital tokens. This enables fractional ownership, allowing more participants to invest in and potentially benefit from scientific advancements.
Ecosystem and Governance
Bio Protocol brings together researchers, investors, patients, and other stakeholders in a shared ecosystem. Governance is decentralized: token holders participate in decisions about the protocol's direction, ensuring that the platform evolves in line with its community's interests rather than being directed by a central authority.
BIO Token
The BIO token functions as both a utility and governance instrument within the Bio Protocol ecosystem. Holders can use BIO to support specific bioDAOs, vote on decisions about how new tokens are created or distributed, and help fund programs to grow the network. The token also provides access to liquidity mechanisms and crypto staking within the Move Arena, which supports application-specific chains.
BIO holders may also gain access to governance rights, early funding rounds, rewards for health data contributions and clinical trial participation, and new products developed through bioDAOs.
BIO Launchpad
The Binance Launchpool and the Bio Protocol's own Launchpad are platforms for initiating and funding new biotech projects. The BIO Launchpad provides tools for project teams to launch within the Bio Protocol ecosystem, connecting them with community supporters and potential collaborators.
BioDAO Incubator
To support new bioDAOs, Bio Protocol offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized research organizations. The goal is to help new bioDAOs launch successfully and integrate into the broader ecosystem.
FAQ
What is Bio Protocol?
Bio Protocol is a blockchain-based curation and liquidity platform for decentralized science. It enables communities of researchers, patients, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property.
What is the BIO token?
The BIO token is the native utility and governance asset of the Bio Protocol ecosystem. It is used to support bioDAOs, vote on protocol decisions, fund network programs, and access rewards and early funding opportunities within the platform.
What is a bioDAO?
A bioDAO is a decentralized autonomous organization focused on a specific area of biotechnology. Members pool resources, vote on project priorities, and share in the outcomes. Examples might include communities focused on longevity research, cancer treatment, or vaccine development.
What is DeSci?
Decentralized Science (DeSci) is a movement that uses blockchain technology to reform how scientific research is funded, owned, and shared. It aims to reduce dependence on centralized institutions and give researchers, patients, and communities more direct participation in the scientific process.
How does IP tokenization work in Bio Protocol?
Bio Protocol converts intellectual property, such as research findings or patents, into digital tokens. These IP tokens allow fractional ownership, meaning multiple participants can hold a stake in a scientific breakthrough rather than it being controlled by a single organization.
Closing Thoughts
Bio Protocol represents an attempt to apply decentralized blockchain infrastructure to biotech research funding and IP ownership. By enabling community curation, collective funding, and tokenized IP, the platform opens participation in scientific development to a wider audience than traditional institutional models allow.
The practical impact will depend on adoption by researchers and biotech communities, the quality of projects funded through the platform, and the long-term viability of the DeSci model. As with any emerging protocol, outcomes are not guaranteed, and participants should evaluate their involvement carefully.
Further Reading
What Is Decentralized Science (DeSci)?
What Is a DAO?
What Is Blockchain Governance?
What Is Asset Tokenization?
Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal, or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third-party contributor, please note that those views expressed belong to the third-party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
Bio Protocol is a curation and liquidity platform dedicated to advancing Decentralized Science (DeSci), aiming to make biotech research more accessible by enabling community-driven funding, development, and ownership of tokenized projects and intellectual property.
The BIO Protocol operates through bioDAOs, decentralized organizations focused on specific areas of biotechnology, such as longevity research or gene therapy, where members pool resources and make collective decisions.
Intellectual property generated within the ecosystem can be tokenized, allowing fractional ownership and broader access to scientific breakthroughs beyond traditional corporate structures.
The BIO token serves as a utility and governance tool, enabling holders to support bioDAOs, vote on protocol decisions, fund network programs, and potentially access rewards and early funding opportunities.
Bio Protocol also includes a Launchpad for initiating new biotech projects and a bioDAO Incubator to support the development of emerging decentralized research organizations.
Introduction
Bio Protocol is a blockchain-based platform built around Decentralized Science (DeSci), a movement that uses blockchain technology to change how scientific research is funded, owned, and developed. Traditional biotech research often requires access to large institutional funding and is controlled by a small number of major players. Bio Protocol aims to broaden that access by enabling researchers, patients, and biotech professionals to participate directly in funding and owning scientific projects.
This article explains how Bio Protocol works, what the BIO token does, and what the platform offers for researchers and community participants.
What Is Bio Protocol?
Bio Protocol is a curation and liquidity protocol designed to accelerate biotechnology research. It allows a global community of participants to collectively fund, develop, and own tokenized biotech projects and intellectual property (IP).
The team behind Bio Protocol includes professionals with backgrounds at Molecule, a tokenization platform for biomedicine projects, and VitaDAO, a decentralized community focused on longevity science. These organizations represent earlier experiments in applying blockchain to scientific research, and Bio Protocol builds on that foundation at a broader scale.
What Is Bio Protocol Trying to Solve?
Traditional biotech research faces several structural challenges: high costs, slow and concentrated funding processes, and limited access to intellectual property (IP) for smaller organizations or independent researchers. Bio Protocol's approach is to decentralize these processes using blockchain, making it possible for a wider range of contributors to participate and benefit.
The platform's ecosystem model envisions a community-driven environment where diverse groups can pool resources, evaluate promising projects through collective curation, and share in the outcomes of the research they support.
The BIO Protocol
The BIO Protocol is the technical and organizational framework underlying the platform. Its main components include:
BioDAOs
BioDAOs are decentralized autonomous organizations (DAOs) focused on specific areas of biotechnology, such as gene editing, cancer research, or vaccine development. Members of a bioDAO pool resources, vote on project priorities, and share in the outcomes. Each bioDAO operates independently within the broader Bio Protocol ecosystem.
Curation
With many potential projects competing for resources, Bio Protocol uses a community curation mechanism to prioritize allocation. Token holders vote to determine which projects have the most potential, providing a decentralized signal for where resources should flow.
Bio/Acc Rewards
To keep contributors active, Bio Protocol offers rewards through its Bio/Acc Rewards program. Participants who contribute expertise, funding, or other resources can earn tokens based on their level of contribution.
IP tokens
One of Bio Protocol's core features is the tokenization of intellectual property. Rather than keeping biotech breakthroughs locked within a single organization, IP can be converted into digital tokens. This enables fractional ownership, allowing more participants to invest in and potentially benefit from scientific advancements.
Ecosystem and Governance
Bio Protocol brings together researchers, investors, patients, and other stakeholders in a shared ecosystem. Governance is decentralized: token holders participate in decisions about the protocol's direction, ensuring that the platform evolves in line with its community's interests rather than being directed by a central authority.
BIO Token
The BIO token functions as both a utility and governance instrument within the Bio Protocol ecosystem. Holders can use BIO to support specific bioDAOs, vote on decisions about how new tokens are created or distributed, and help fund programs to grow the network. The token also provides access to liquidity mechanisms and crypto staking within the Move Arena, which supports application-specific chains.
BIO holders may also gain access to governance rights, early funding rounds, rewards for health data contributions and clinical trial participation, and new products developed through bioDAOs.
BIO Launchpad
The Binance Launchpool and the Bio Protocol's own Launchpad are platforms for initiating and funding new biotech projects. The BIO Launchpad provides tools for project teams to launch within the Bio Protocol ecosystem, connecting them with community supporters and potential collaborators.
BioDAO Incubator
To support new bioDAOs, Bio Protocol offers an incubator program that provides guidance, resources, and a structured framework for emerging decentralized research organizations. The goal is to help new bioDAOs launch successfully and integrate into the broader ecosystem.
FAQ
What is Bio Protocol?
Bio Protocol is a blockchain-based curation and liquidity platform for decentralized science. It enables communities of researchers, patients, and biotech professionals to collectively fund, develop, and own tokenized biotech projects and intellectual property.
What is the BIO token?
The BIO token is the native utility and governance asset of the Bio Protocol ecosystem. It is used to support bioDAOs, vote on protocol decisions, fund network programs, and access rewards and early funding opportunities within the platform.
What is a bioDAO?
A bioDAO is a decentralized autonomous organization focused on a specific area of biotechnology. Members pool resources, vote on project priorities, and share in the outcomes. Examples might include communities focused on longevity research, cancer treatment, or vaccine development.
What is DeSci?
Decentralized Science (DeSci) is a movement that uses blockchain technology to reform how scientific research is funded, owned, and shared. It aims to reduce dependence on centralized institutions and give researchers, patients, and communities more direct participation in the scientific process.
How does IP tokenization work in Bio Protocol?
Bio Protocol converts intellectual property, such as research findings or patents, into digital tokens. These IP tokens allow fractional ownership, meaning multiple participants can hold a stake in a scientific breakthrough rather than it being controlled by a single organization.
Closing Thoughts
Bio Protocol represents an attempt to apply decentralized blockchain infrastructure to biotech research funding and IP ownership. By enabling community curation, collective funding, and tokenized IP, the platform opens participation in scientific development to a wider audience than traditional institutional models allow.
The practical impact will depend on adoption by researchers and biotech communities, the quality of projects funded through the platform, and the long-term viability of the DeSci model. As with any emerging protocol, outcomes are not guaranteed, and participants should evaluate their involvement carefully.
Further Reading
What Is Decentralized Science (DeSci)?
What Is a DAO?
What Is Blockchain Governance?
What Is Asset Tokenization?
Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal, or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third-party contributor, please note that those views expressed belong to the third-party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
#BTCNextMove 💸 With the decline of the Bitcoin price to 95.5 thousand dollars today, the share of crypto discussions related to buying during a price drop has reached its highest level in over 8 months. The last time we saw such strong enthusiasm for 'buying the dip' was during the major drop on August 4th. Since then, the market value of Bitcoin has increased by 81%.
✏️ Sentiment
✏️ Sentiment
A crypto supporter group has urged the U.S. Securities and Exchange Commission (SEC) to promptly review all crypto investigations, Wells notices, and ongoing lawsuits starting on the "first day" of the future Trump administration.
The Digital Chamber Token Alliance, which lists Trump’s candidate for SEC chair, Paul Atkins, as a member of its advisory board, stated that the new administration offers the SEC an opportunity to reshape its "historically challenging relationship" with the digital asset industry.
In a statement on December 18, it said: "We need to foster a culture of mutual trust – where the digital asset industry can trust the SEC's goals and the SEC recognizes that most actors in the digital asset industry are trying to act responsibly."
The SEC continues to be embroiled in legal disputes with major players such as Binance, Coinbase, Consensys, and Ripple. Additionally, it has sent Wells notices to Uniswap and Immutable, which could have significant implications for tokens and the entire industry.
#USUALBullRun
#BinanceAlphaAlert $BTC $ETH $BNB
The Digital Chamber Token Alliance, which lists Trump’s candidate for SEC chair, Paul Atkins, as a member of its advisory board, stated that the new administration offers the SEC an opportunity to reshape its "historically challenging relationship" with the digital asset industry.
In a statement on December 18, it said: "We need to foster a culture of mutual trust – where the digital asset industry can trust the SEC's goals and the SEC recognizes that most actors in the digital asset industry are trying to act responsibly."
The SEC continues to be embroiled in legal disputes with major players such as Binance, Coinbase, Consensys, and Ripple. Additionally, it has sent Wells notices to Uniswap and Immutable, which could have significant implications for tokens and the entire industry.
#USUALBullRun
#BinanceAlphaAlert $BTC $ETH $BNB
A crypto advocacy group has called on the U.S. Securities and Exchange Commission to immediately begin reviewing all crypto-related investigations, Wells’s notices and ongoing lawsuits “on day one” of the incoming Trump administration.
The Digital Room Token Alliance, which lists Trump’s nominee for SEC chairman, Paul Atkins, as an advisory board member, said the new administration has presented the SEC with an opportunity to reset its “historically troubled relationship” with the digital asset industry.
“We must foster a culture of mutual trust — one where the digital asset industry can trust the SEC’s goals and the SEC can recognize that the majority of digital asset participants are trying to act responsibly,” it said in a statement on Dec. 18.
The SEC is still embroiled in legal battles with industry heavyweights including Binance, Coinbase, Consensys and Ripple. It has also sent Wells notices to Uniswap and Immutable, which could have major implications for tokens and the industry.
#BinanceAlphaAlert #Bitcoin $BTC $SOL $ETH
The Digital Room Token Alliance, which lists Trump’s nominee for SEC chairman, Paul Atkins, as an advisory board member, said the new administration has presented the SEC with an opportunity to reset its “historically troubled relationship” with the digital asset industry.
“We must foster a culture of mutual trust — one where the digital asset industry can trust the SEC’s goals and the SEC can recognize that the majority of digital asset participants are trying to act responsibly,” it said in a statement on Dec. 18.
The SEC is still embroiled in legal battles with industry heavyweights including Binance, Coinbase, Consensys and Ripple. It has also sent Wells notices to Uniswap and Immutable, which could have major implications for tokens and the industry.
#BinanceAlphaAlert #Bitcoin $BTC $SOL $ETH
The Federal Reserve announced a 25 basis point interest rate cut at its final Federal Open Market Committee (FOMC) meeting of 2024.
Federal Reserve Chairman Jerome Powell announced that the central bank would not be allowed to hold Bitcoin.
Powell’s remarks sent the crypto market into a tailspin, removing $800 million from leveraged positions.
The Fed ended its final FOMC meeting of 2024 with a widely anticipated 25 basis point rate cut, signaling a shift in monetary policy.
However, the real shock came from Federal Reserve Chairman Jerome Powell, who revealed that the central bank is legally prohibited from owning Bitcoin.
Powell’s remarks dampened hopes for a strategic reserve of Bitcoin — a prospect that had been anticipated since President Donald Trump’s election victory — and prompted the sale of more than $800 million in leveraged positions.
#bitcoin☀️ #Bitcoin❗
Federal Reserve Chairman Jerome Powell announced that the central bank would not be allowed to hold Bitcoin.
Powell’s remarks sent the crypto market into a tailspin, removing $800 million from leveraged positions.
The Fed ended its final FOMC meeting of 2024 with a widely anticipated 25 basis point rate cut, signaling a shift in monetary policy.
However, the real shock came from Federal Reserve Chairman Jerome Powell, who revealed that the central bank is legally prohibited from owning Bitcoin.
Powell’s remarks dampened hopes for a strategic reserve of Bitcoin — a prospect that had been anticipated since President Donald Trump’s election victory — and prompted the sale of more than $800 million in leveraged positions.
#bitcoin☀️ #Bitcoin❗
The Federal Reserve announced at its last meeting of the Federal Open Market Committee (FOMC) in 2024 a rate cut of 25 basis points.
Jerome Powell, the Chairman of the Federal Reserve, stated that the central bank is legally prohibited from owning Bitcoin.
Powell's statements led to a sharp decline in the cryptocurrency market and wiped out positions with leverage of over 800 million US dollars.
The Federal Reserve concluded its last FOMC meeting in 2024 with a largely anticipated rate cut of 25 basis points, signaling a change in monetary policy.
However, the real shock came from Jerome Powell, the Chairman of the Federal Reserve, who revealed that the central bank is legally prevented from holding Bitcoin.
Powell's remarks reduced hope for strategic Bitcoin reserves – a prospect that has been forecasted since President Donald Trump's election victory – and led to the liquidation of leveraged positions worth over 800 million US dollars.
#bitcoin☀️ #Bitcoin❗
Jerome Powell, the Chairman of the Federal Reserve, stated that the central bank is legally prohibited from owning Bitcoin.
Powell's statements led to a sharp decline in the cryptocurrency market and wiped out positions with leverage of over 800 million US dollars.
The Federal Reserve concluded its last FOMC meeting in 2024 with a largely anticipated rate cut of 25 basis points, signaling a change in monetary policy.
However, the real shock came from Jerome Powell, the Chairman of the Federal Reserve, who revealed that the central bank is legally prevented from holding Bitcoin.
Powell's remarks reduced hope for strategic Bitcoin reserves – a prospect that has been forecasted since President Donald Trump's election victory – and led to the liquidation of leveraged positions worth over 800 million US dollars.
#bitcoin☀️ #Bitcoin❗
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