The Philippines has introduced a proposal to establish a Strategic Bitcoin Reserve, a measure that would direct its central bank to accumulate 10,000 BTC over five years under a two-decade lockup period. The bill was introduced in the House of Representatives as House Bill 421 by Congressman Miguel Luis Villafuerte, calling for the country’s central
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s price is holding near records, but the chain itself is
The world’s number-one crypto is looking more like a mature asset class every day as Bitcoin volatility continues to drop (yes, even as it blasts past all-time highs and promptly retraces its steps). Bitcoin volatility has reached a five-year low Bitcoin has long been regarded as one of the most volatile financial assets; its turbulent
Could Brazil be the next country to adopt a bitcoin strategic reserve? Legislation is advancing through the country’s Congress that could make that an eventual reality. The Chamber of Deputies held a hearing last week exploring legislation proposed by Federal Deputy Eros Biondini. The bill would allow an allocation of up to 5% of Brazil’s
New allegations surfaced, claiming Binance is deliberately holding back Solana’s momentum to protect the BNB token, throwing the crypto market into controversy. It adds to the list of times the largest exchange on trading volume metrics has been accused of using Wintermute market maker to influence prices. Is Binance Secretly Holding Back Solana in Favor
Fundstart’s Tom Lee believes that the current cryptocurrency market is only in its early innings despite the fact that the biggest cryptocurrencies by market cap have recorded some impressive gains. His reasoning is based on the fact that traditional finance is still reluctant to embrace cryptocurrencies. Morgan Stanley sounding on crypto? Lee has pointed to
Bitcoin transaction fees have plummeted to their lowest levels in over a decade, as social sentiment around Federal Reserve rate cuts reaches a fever pitch, raising questions about market sustainability. Summary Bitcoin fees fall to lowest levels since 2011 at 3.5 BTC daily average Fed rate-cut hype hits 11-month high, echoing past euphoric market tops
TL;DR Bitcoin charts indicate a confirmed inverse head and shoulders pattern with a breakout retest holding near $115K. Futures sentiment index flips positive after five bearish days, easing short-term pressure on Bitcoin markets. Price consolidates between $112K–$124K, while technical patterns suggest scope for another upward breakout. Double-Bottom Structures in Play Bitcoin has printed another double-bottom