Crypto analyst Miles Deutscher posted on social media that there is now a classic sign that the market is currently leaning towards bearish (lights out mode). The market's reaction to news can tell investors all about sentiment. In a bull trend, the market shrugs off bad news, but the good news goes up as soon as it arrives. In a bear trend, the opposite is true, the market shrugs off good news and the bad news goes down as soon as it arrives. It is important to watch for early signs of a trend ...
According to official documents, U.S. Rep. Jordan Teuscher of Utah proposed strategic bitcoin reserve legislation, which aims to authorize the state treasurer to invest in specific digital assets, including virtual currencies, cryptocurrencies and stablecoins with a market value greater than $500 million, and establish relevant requirements and regulations for the management and investment of these assets. The investment ratio shall not exceed 10% of the total funds in the account.
U.S. Rep. Jordan Teuscher of Utah has proposed legislation for strategic bitcoin reserves.