Trump's major action: establishing the Presidential Digital Assets Working Group to evaluate the possibility of Bitcoin as a national reserve.
Trump signed an executive order calling for the establishment of a presidential "Digital Asset Market Working Group," led by the White House's first "AI and Cryptos Czar," with members including the US Secretary of the Treasury, Secretary of Commerce, SEC Chair, and other officials. Senator Lummis, who proposed establishing a national Bitcoin strategic reserve in July last year, has been appointed as the chair of the newly established Digital Assets Committee of the Senate Banking Committee, focusing on strategic Bitcoin reserves and related digital asset legislation. Updates ongoing.
Trump has gathered a group of Cryptos fans; will the crypto market boom as they wish?
Trump has entrusted the power to formulate crypto policies to a series of supporters of Cryptos, many of whom may have potential conflicts of interest with the Industry.
Daily Bull and Bear | The Hang Seng Index has rebounded for three consecutive days, and the "bull army" is feeling proud! Several bull certificates have doubled in surge; Semiconductor Manufacturing International Corporation has experienced a Top Reversal
At the close of trading, the total market turnover was 142.3 billion Hong Kong dollars, with a total turnover of 11.6 billion Hong Kong dollars for all warrants and structured products, accounting for 8.2% of the market turnover, of which long positions accounted for 3.6% and short positions accounted for 4.6%. The net Outflow of funds for all warrants and structured products was 65.89 million Hong Kong dollars.
The upward trend is reignited! Bitcoin once again returned to the $0.1 million mark, is there hope for the continuation of the bull market this year?
Last night, the USA Bureau of Labor Statistics released inflation data, reigniting the market's bets on further rate cuts by the Federal Reserve. The unexpected slowdown in the core CPI boosted the US stock market and cryptocurrencies, with Bitcoin recording the largest single-day gain this year.
The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
Express News | Bitcoin returned to the threshold of 0.099 million US dollars, and Hong Kong stock market Cryptos Concept stocks rose collectively.