FED Chairman Jerome Powell answered a question about Bitcoin and cryptocurrencies at the press conference he held after the interest rate decision. When asked whether Bitcoin and cryptocurrencies would affect the financial system, Powell responded as follows: If banks can manage the risks, they can provide crypto services to their customers. The FED`s role in crypto is focused on banks. Increasing crypto regulations would be beneficial. *This is not investment advice. Continue Reading: BREAKING: FED Chair Powell Talks About Bitcoin and Cryptocurrencies at Press Conference
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Did the Trump administration quietly begin buying Bitcoin since inauguration?
The coming of the Trump administration swiftly bore fruit for the cryptocurrency industry since, as it entered the white house, Gary Gensler exited the Securities and Exchange Commission (SEC), thus ending what many called ‘operation chokepoint 2.0’ and the ‘war on crypto.’ Still, more direct actions favoring digital assets have been scarce – though not non-existent – and such has been the case with the hoped-for strategic Bitcoin ( BTC ) reserve. Under the circumstances, Finbold elected to examine blockchain sources such as Arkham Intelligence to try and determine if the incumbent government has been buying cryptocurrencies behind the scenes. Is the Federal Government loading up on Bitcoin? As quickly became apparent from the available data , even if the Trump administration has been buying BTC, the quantities have been trivial . Indeed, Arkham Intelligence shows no noteworthy change in the total amount of cryptocurrency owned by the U.S. government. This, however, does not mean the already-existing reserve is negligible. Specifically, records show the Federal Government holds nearly 200,000 BTC at press time. U.S. top cryptocurrency holdings on January 20 and 30. Source: Arkham Many other cryptocurrencies are also in the hands of the administration, and – other than Bitcoin – the top holdings include Ethereum ( ETH ), BNB ( BNB ), the wrapped versions of the major coins and tokens , and a selection of stablecoins like USDC and USDT. In total, the value of government cryptocurrency stands at a substantial – but not staggering – $21 billion. The U.S. Government crypto trading activity revealed Though no substantial buying has occurred since January 20, it is worth pointing out that sections of the government, such as the Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI), have not exercised their right to sell BTC seized from the Silk Road. Thanks to Bitcoin appreciating to its press time price of $101,436, their holdings have grown to nearly $7.3 billion in value. Silk Road Bitcoin balance on January 1 and 30. Source: Arkham Such trading activity – or rather, the lack thereof – indicates that the authorities are following the guidelines set by Trump when he promised not to sell any cryptocurrency found under Federal control. Featured image via Shutterstock The post Did the Trump administration quietly begin buying Bitcoin since inauguration? appeared first on Finbold . BitcoinSistemi
Sui Price Prediction: SUI To Fall Further As Smart Money Rotates To XRP Rival Up Over 200% In Jan
In crypto news today, analysts are speculating that the price of SUI may fall even further as investors are now diverting funds into other altcoins. One example is Remittix, a presale token that has raised over $8 million in just a few weeks since its presale stage began. While SUI had one of the best crypto ICOs, and is a top twenty cryptocurrency by market capitalization, like many other altcoins in the market, it has been unable to shake off the recent market downturn. Another top altcoin, XRP, did not fare any different in price shedding close to 5% in just a twirl of 24 hours. Meanwhile, Remittix’s presale is currently flying and attracting major interest from institutional and regular investors. While the market bleeds, now may be a great time to join the Remittix presale. SUI Price Dip Scares Off Investors Amid an industry-wide price downturn, SUI seems to have it worse than other altcoins in the market. The SUI token has decreased by 7.30% in the last day and nearly 17% in the past week. While there aren’t many options to direct funds into at the moment, the Remittix presale is certainly an interesting option for investors to explore as it is available at modest prices and could potentially do 100x when it launches. The other alternative would be for investors to ride their SUI positions in hopes of a price rebound. According to several analysts’ SUI price predictions, the token could surge to as high as $10 in the bull run. It is currently priced at $3.81. Ripple Drops Below $3 The Ripple price has never gone below $3 this year, and this morning it settled at $2.97 per coin. Of course, this news is quite an unexpected turn as Ripple’s native token – XRP happens to be the best-performing cryptocurrency this year so far. But exactly because of the impressive performance analysts say a bounce in price is imminent. Ripple also has many updates that could trigger a price surge in the short-term. An ETF approval is one. This year, several venture funds and financial institutions have reignited their interest in an XRP ETF, making filings for one with the SEC. Remittix Shines in Presale Despite only being a few weeks into its presale stage, Remittix has raised over $8 million and looks set to match and surpass its $36 million target before the eight-week deadline. The token also looks set to do 100x when it launches, following the increased interest in PayFi solutions. The demand for PayFi services has increased this year as the broader crypto ecosystem enjoys increasing institutional interest. This makes it one of the hottest narratives in crypto in 2025, and its market leader, such as Remittix, is poised to enjoy a price rally and generate massive returns for its holders. With only a few more weeks left till the Remittix presale ends, potential investors must make haste while the sun shines. Investors also looking to reduce exposure to the crypto market downturn can divert funds into presale tokens like Remittix to achieve that outcome. Conclusion With the crypto market experiencing a price downturn, altcoins like SUI and XRP are not great investment options for investors interested in short-term gains. An alternative could be investing in presale tokens like Remittix to prevent exposure to price dips and generate massive returns in the long run. Join the presale and community now! Website : https://remittix.io/ Community : https://linktr.ee/remittix Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . BitcoinSistemi