rielleb94

@rielleb94

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i cried like a dog.❤️

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Still, analysts cautioned that the altcoin rally may be short-lived as Trump’s crypto reserve is subject to congressional approval, a lengthy process that may lead to investor disappointment, Aurelie Barthere, principal research analyst at blockchain analytics firm Nansen told Cointelegraph, adding:

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Despite the news, XRP could not recapture the $3.00 psychological mark, after peaking at $2.99 on March 2, before falling to the current $2.50 mark, Cointelegraph Markets Pro data shows.

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Set to take effect in 2027, the IRS broker regulation was approved on Dec. 5 and would expand existing reporting requirements to include decentralized exchanges. It would require brokers to disclose gross proceeds from sales of cryptocurrencies, including information regarding the taxpayers involved in the transactions.

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Tech and policy leaders must address these growing threats by pursuing decentralized, permissionless internet access as a sustainable solution to safeguard digital freedoms, prevent corporate gatekeeping and ensure accessibility for all users.

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It’s a drop of 24 points from a day earlier when the index was at a score of 49, showing the market was “Neutral.”

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The bill will now head to Montana’s House — a stage in the legislative process that only Utah, Arizona, and Oklahoma have reached when it comes to Bitcoin reserve-related bills.

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The fourth crypto reserve bill to reach the House at the state level in the US, the measure would create a special revenue account to invest in precious metals, stablecoins and digital assets with an averaged market cap above $750 billion over the last calendar year.

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Montana’s business and labor committee passed House Bill No. 429 in a 12-8 vote on Feb. 19, with all Republicans voting in favor and all Democrats opposed.

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Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptocurrencies to become reserve assets.

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The new SEC has already revoked past crypto-related actions made under Gary Gensler’s leadership, including canceling a rule that asked financial firms holding crypto to record them as liabilities on their balance sheets.

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VanEck was the first asset manager to submit a 19b-4 application for a Solana ETF with the SEC on June 27, shortly followed by 21Shares on June 28 and Canary Capital in late October.

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Financial services firm JPMorgan estimated an approved spot Solana ETF could attract between $3 billion and $6 billion in net assets over the first year — a prediction Balchunas said was a fairly “reasonable guess.”

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Bloomberg ETF analyst Eric Balchunas believes a Litecoin product may be next in line to win SEC approval, as those applications are reportedly already being actively reviewed by the regulator.

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The refreshed filings effectively restart the SEC’s review process under the regulator’s new, more crypto-friendly acting chair, Mark Uyeda.

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Cboe BZX Exchange has resubmitted filings on behalf of four asset managers looking to list a spot Solana exchange-traded fund (ETF) in the US this year.

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Still, analysts remain optimistic in the long term for 2025, with Bitcoin price predictions ranging from $160,000 to above $180,000.

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Bitcoin is set for a “local top” above $110,000 in January before an “interim peak in liquidity” may lead to a deeper correction, according to Raoul Pal, founder and CEO of Global Macro Investor. Pal shared his analysis in a Nov. 29 X post.

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While Bitcoin’s prospects for 2025 remain promising, the $36 trillion US debt ceiling recently flashed a critical warning sign for Bitcoin liquidity that may lead to a temporary correction to $70,000 before the next leg up in the market cycle.

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The Trump administration’s more favorable regulatory environment will bolster Bitcoin’s momentum, Michl told the FT, adding:

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