Senator Cynthia Lummis proposes legislation to add Bitcoin as a strategic reserve asset for the Fed, potentially transforming its role in U.S. monetary policy. Meanwhile, the market for Ethereum ETFs shows mixed signals with significant inflows and outflows, and users from the 2014 Mt. Gox hack are seeing massive returns due to Bitcoin’s skyrocketing value.
Bitcoin briefly topped $71,000 early Monday, riding high on the optimism from the Bitcoin 2024 conference in Nashville over the weekend, before giving up those gains.
(Bloomberg) -- Bitcoin retreated from a six-week high as traders shift their focus to speculation the US may sell seized tokens just days after Donald Trump pledged to create a government stockpile of the cryptocurrency if elected president again. Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTraders Fret as 32-Hour Central Bank Spree Hangs Over MarketMaduro Regime Accuses Rival of Sabotage, Tr
