The U.S. House Financial Services Committee has advanced legislation to place the federal Strategic Bitcoin Reserve into law, voting 28-21 on Sept. 16 to report the amended H.R. 8957 favorably. The House Financial Services Committee’s official markup record lists the American Reserve Modernization Act of 2026 among the measures considered Wednesday and identifies a substitute
“This may be Bitcoin’s [$BTC] biggest test yet” is how the market is currently describing the situation. In just under three weeks, the markets have changed drastically. Back then, it was FOMO, as the Fear & Greed Index peaked at 74, which meant strong greed for investors and coincided with $BTC’s $82k reclamation. Now it’s
Solana’s Backpack Securities is gaining attention for its innovative approach to integrating real stocks into blockchain technology. Highlighted by crypto commentator @CryoPalmar, this development positions Solana uniquely in the competitive crypto landscape. As the industry evolves, this could signify a significant shift in how traditional assets are handled on blockchain platforms. For more details, refer
Circle’s CRCL$82.66·Market Closed Arc blockchain went live Wednesday with BlackRock, Visa, Mastercard and DTCC among 11 founding validators, and CEO Jeremy Allaire calling it the most significant launch in the company’s history since $USDC itself. The chain processed 7.83 million transactions in its first 24 hours, but almost none of it was payments. Lifetime $USDC
Bitcoin and altcoins experienced sharp declines after the Senate vote on the Clarity Act stalled. Although the US Federal Reserve (FED) subsequently raised its benchmark interest rate for the first time in three years, $BTC showed a relatively limited reaction, maintaining its pre-decision level of $76,000. While $BTC is said to remain resilient, an updated
Whale Alert has confirmed a substantial transfer of 787 $BTC from OKEX to an unknown wallet, valued at approximately $59.9 million. This transfer could be indicative of heightened market activity, prompting traders to stay vigilant. The implications of such transfers are often significant, as they can influence market sentiment and trading strategies. For more details,
Bitcoin’s recent volatility has surged, reflecting a renewed uncertainty surrounding Federal Reserve policy. As highlighted by @KaikoData, the 30-day rolling volatility for Bitcoin spiked after the August Jackson Hole speech, eased, and then climbed again into September. This situation suggests that traders should closely monitor future Fed communications for clearer guidance on interest rates, impacting
The Federal Reserve raised interest rates by 25 basis points on Wednesday, taking its benchmark range to 3.75% to 4.00% in its first increase in more than three years. Markets are pricing in a further 75 basis points of tightening over the next six months. History suggests a single hike could be unlikely. Since 1994,
Bitwise CIO Matt Hougan stated that the upward trend in Bitcoin’s price could continue as long as debt-related concerns do not ease. Hougan supported his assessment with a chart he shared on social media platform X, highlighting the relationship between market developments and Bitcoin’s performance. According to Hougan’s chart, between July 1st and September 15th,
Cryptocurrency investor and analyst Lark Davis assessed the support levels to watch should Bitcoin decline further. Davis stated that Bitcoin could initially find support around $73,000, and if this area is lost, the level around $67,000 could come into play. Davis shared his assessment of Bitcoin’s short-term outlook via X. According to the analyst, market