Bitcoin, Cryptocurrency
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The world’s largest cryptocurrency reached $107,998 early in the day, just short of its record $109,224 reached on Inauguration Day in January.
Many remember May 22, 2010 as Bitcoin Pizza Day, buy Laszlo Hanyecz actually spent nearly 80,000 bitcoin that year — a sum worth over $8.7 billion today.
According to SB 21, the state can only use money from the reserve to buy cryptocurrency with an average market capitalization of at least $500 billion over the past 24 months. This means Texas would only be allowed to invest in large, established cryptocurrencies like Bitcoin and possibly Ethereum, depending on market conditions.
Bitcoin's price is creeping back toward all-time highs this week, but one options trade is eyeing much bigger gains in the month ahead.
The granting of the IPA from ADGM’s FSRA paves the way for Bitcoin Suisse to secure full licensing soon, allowing it to provide regulated crypto financial services - including trading of virtual assets,
Bitcoin hit $107K, closing in on its $108,786 high as investors sought safety, driven by Moody’s debt downgrade and eased US–China tensions.
Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,