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The Canton of Bern's parliament has approved a proposal to explore Bitcoin mining as a means to utilize excess energy and stabilize the power grid, with a vote of 85 to 46. A feasibility study will assess energy availability, environmental impact, and regulatory issues, despite initial government opposition due to concerns over energy consumption and environmental effects. The initiative aims to position Bern as a competitive hub for crypto innovation, highlighting the potential economic benefits of Bitcoin mining.
Bitcoin is on the rise again, approaching the $100,000 mark after a significant downturn, marking its longest losing streak since the 2016 election. The cryptocurrency has surged approximately 40% since then, fueled by expectations of a more favorable regulatory environment under the current administration. Recently, Bitcoin reached an all-time high of $98,943 before experiencing a slight decline, but it remains over double its value from earlier this year.
Bitcoin has experienced its longest losing streak since Donald Trump's election victory, retreating from a failed attempt to reach $100,000. The digital asset dropped approximately 6% over three days, trading at $94,245 as of Tuesday morning in Singapore. Meanwhile, the broader crypto market, which gained $1 trillion since November 5, has also stalled.
Bitcoin's rally has stalled after approaching the historic $100,000 mark, retreating to as low as $95,776. The digital asset came within $300 of the milestone but struggled to maintain momentum, reflecting concerns over overblown investor optimism linked to President-elect Donald Trump's support for cryptocurrency.
Bitcoin approached the $100,000 mark, trading at $98,550 in Singapore after reaching a record $99,000 in the US. This surge is driven by optimism over favorable US regulations and increased investor interest following President-elect Donald Trump's support for cryptocurrency. The overall crypto market has gained approximately $1 trillion since Trump's election win on November 5.
The U.S. dollar fell to a one-week low against major currencies, continuing a three-day decline after a brief rally post-Trump"s election. This drop followed comments from Russia"s foreign minister about avoiding nuclear conflict, which dampened the dollar"s safe-haven appeal. Meanwhile, Bitcoin surged to a record high above $94,000, buoyed by expectations of a more favorable regulatory environment for cryptocurrencies under the new administration.
A record-breaking crypto rally originating in the US has significantly impacted Asia, with Bhutan"s Bitcoin holdings surpassing $1 billion and a notable increase in digital-asset trading volumes in South Korea. The market has surged by over $800 billion since Donald Trump"s election, fueled by optimism about the US becoming a global crypto hub.
DFS Secretary M. Nagaraju expressed skepticism about cryptocurrencies, emphasizing the need for caution during his remarks at the 11th SBI Banking & Economics Conclave 2024. He highlighted concerns shared by RBI Governor Shaktikanta Das regarding the potential risks cryptocurrencies pose to financial and monetary stability, warning that they could undermine central banks" control over the money supply.
Bitcoin experienced its largest two-day decline since the US election, dropping nearly 3% over the weekend before stabilizing at $90,100. This downturn reflects market caution as traders evaluate the implications of President-elect Donald Trump’s policy agenda, particularly regarding his pro-crypto commitments and the feasibility of establishing a US Bitcoin stockpile.
Bitcoin has reached an all-time high, exceeding $89,000 per coin, following Donald Trump's reelection. This surge reflects a broader trend in the cryptocurrency market, which may thrive under potential deregulation anticipated with Trump's presidency.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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