Under the administration of Donald Trump, one of the most anticipated developments is the possible approval of the Bitcoin Law.
π₯ Bitcoin would be defined as a strategic reserve asset, allowing the United States government to acquire up to 5% of the total supply of the main cryptocurrency.
πͺ This would put Bitcoin in a similar position to gold, giving it official status within national reserves and marking a milestone in adoption.
β If approved, the Bitcoin Law could encourage growing institutional and government interest in Bitcoin.
GOOD WEDNESDAY TO ALL!
π± The price of Bitcoin reached a new all-time high after surpassing the USD 75,000 mark on Tuesday night while the first results of the United States presidential elections began to be known. Now, BTC is trading above $73,000.
π BTC ETFs recorded outflows of more than $116 million.
πΊπΈ Donald Trump declared himself the winner of the US presidential election: βwe obtained a historic political victory,β he expressed. Representatives from Latin America, such as Javier Milei, from Europe and the Middle East, publicly expressed their support and expectations for the Republican's new mandate.
π’ The Fear and Greed Index returned to "Greed" and climbed from 50 to 62 out of 100.
π The global cryptocurrency market capitalization is USD 2.46 T. The total cryptocurrency volume is 187.19 B.
