BITPRISMIA
The upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin could significantly influence Bitcoin's price movement, with current low volatility in the Bitcoin options market suggesting potential for sharp price shifts.
Bitcoin's price experienced a decline in late morning trading on Thursday, dropping 4.2% to $118.1K.
The United States holds nearly 16 times more Bitcoin than South Korea, largely due to the introduction of US Bitcoin ETFs, which significantly increased American holdings.
The U.S. tariff revenue surged by over 300% in July, reaching a record $29.6 billion, while the deficit widened to $291 billion, creating a favorable environment for alternative assets like gold and Bitcoin.
President Trump signed an executive order allowing Americans to include cryptocurrencies in their 401(k) retirement plans, marking a significant step toward mainstream adoption of digital assets.
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Coinbase has relaunched its Stablecoin Bootstrap Fund to enhance USDC liquidity in DeFi protocols, starting with support on platforms like Aave and Morpho, aiming to attract more crypto traders and borrowers to USDC.
Bitcoin may gain traction above $120,000, but faces resistance near $123,218, while Ethereum shows strong performance with record ETF inflows.
Tezos, Uniswap, and Aave are showing signs of growth and increased activity, positioning them as key players in the current altcoin season.
Western Union is exploring the launch of a dollar-backed stablecoin to revolutionize global remittance services, targeting non-U.S. markets where it could serve as a stable savings option and reduce transaction costs.