Bitcoin - Overview as of 11/22/2024

Financial and commodity markets analytics


In the United States, Texas has begun discussions on creating a strategic bitcoin reserve, Satoshi Action Fund head Dennis Porter said at the North American Blockchain Summit. Legislators are considering introducing a bill to this effect. Similar initiatives are already being considered in other US states, including Pennsylvania, where it is proposed to allow storing up to 10% of assets in bitcoin. The idea of a strategic reserve is being actively discussed at the national level, gaining popularity. Meanwhile, there is no fundamental or technical reason to sell bitcoin in the market right now. Extremely important is also the fact that the growth of quotations is taking place with a strong US dollar.