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Massive Bitcoin Chop, Trump’s Positive Crypto Comments, and More: This Week’s Recap
As the year of 2024 comes to a close, it is clear that cryptocurrency markets have been through quite an eventful period. With major players like MicroStrategy continuing their relentless pursuit of adding more Bitcoin to their portfolio, combined with other significant developments in the world of digital assets, we’ll be taking a closer look at some of the most notable headlines from the past week.
First off, let’s start with the fact that Bitcoin experienced an incredible chop, with a rise of 2.6% and reaching $96,368. This comes as no surprise to many, given the constant influx of institutional investors such as MicroStrategy, which acquired an additional 5,262 BTC earlier this week.
In other news, President-elect Donald Trump has weighed in on his thoughts regarding cryptocurrency, stating that he does not want China “or anybody else” to be ahead in terms of Bitcoin. He believes that it would be better for the United States to take control of electricity production and offer its citizens a bounty, thus resulting in increased adoption.
Another significant development is worth mentioning – the Binance bitcoin reserves hitting their lowest level since 2024, indicating potentially reduced selling pressure and even supply shock in the near future.
Source: cryptopotato.com
