Harga ElonXAIDogeMessi69PepeInuBITCOIN

My BTC futures trade went well A BUY position is not bad from $94k because Bitcoin will be approaching 98k or 100k soon. $BTC

As of today, the Financial Accounting Standards Board will put its Fair Value accounting rules on BTC and other eligible crypto assets into effect. NFTs are unique and non-interchangeable, which means no two are the same, unlike Bitcoin, and factors like inconsistent pricing, low liquidity, and subjective valuations make it challenging to gauge the fair value of an NFT. Also, unlike BTC, NFTs typically entail specific rights and utilities. All of these reasons make NFTs inappropriate for the standardized, fair value measurement as mandated by ASU 2023-08.2023-08 applies only to “fungible” intangible digital assets because it is difficult to obtain market prices that meet FASB ASC Topic 820, Fair Value Measurement, fair value criteria for nonfungible digital assets; thus, it is unclear how to account for and disclose other types of digital assets, such as nonfungible tokens. Reporting entities accounting for NFTs need to fully understand the rights associated with these tokens and what the tokens transfer.” reads FASB Accounting Standards Update5Companies holding BTC as treasury reserve assets can now benefit from simplified reporting processes due to FASB’s decision to embrace fair value accounting. The update is anticipated to accelerate corporate adoption by providing greater transparency and a more precise valuation of crypto holdings for investors, creditors, and other stakeholders. As businesses increasingly turn to BTC as a long-term strategic reserve, this rule change will cement BTC’s dominance further into the fabric of modern finance.

Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve.This momentum was evidently reinforced by Republican Senator Cynthia Lummis’ BITCOIN Act, which aims to have the U.S. purchase 1 million BTC over the next five years to combat the $35 trillion national debt. This narrative is gaining global momentum, as Russia is contemplating a Bitcoin strategic reserve after President Vladimir Putin said BTC cannot be banned. In addition to that, Anton Tkachev, a Russian Finance minister, also suggested establishing a strategic Bitcoin reserve in order to solve the issue of sanctions placed on the country. MicroStrategy, a major corporate holder of Bitcoin, bought 21,550 BTC for $2.1 billion, raising its overall holdings to 423,650 BTC. The company has also been listed on Nasdaq 100 and will be open to the public from Dec. 23. FOMO, or fear of missing out, an opportunistic sentiment running among investors, has been at an apex after the U.S. Spot Bitcoin ETFs achieved a total cumulative net inflow of more than $50 billion in a year. Bitcoin hashrate hits record highsOn-chain, Bitcoin network hashrate has soared to record levels on the miner side. According to hash rate data from Glassnode, hash rates soared from 128 EH/s to more than 804 EH/s, with 37% of the total computational activity carried out in 2024 alone. Bitcoin’s strong network security and economic incentives have pushed miners to earn $71.49 billion in revenue cumulatively.

Bitcoin price has encountered strong resistance around the $100,000 level amid profit-taking by retail investors.Crypto analysts believe the coin has more upside potential as demand continues to grow while supply diminishes. In a recent piece, the Wall Street Journal noted that the coin’s supply was one of the primary reasons why it will continue rising in value. Bitcoin’s supply is capped at 21 million coins, with over 19.7 million already mined, leaving only 1.3 million yet to be created. Furthermore, millions of coins have been lost and are unlikely ever to be recovered.Additionally, significant portions of Bitcoin are held by entities unwilling to sell, such as MicroStrategy and Marathon Digital. The amount of Bitcoin on exchanges has continued to decline, now standing at approximately 2.24 million, down from 2.7 million in January. Meanwhile, Bitcoin’s mining difficulty has risen since the last halving event. Meanwhile, Bitcoin demand is rising, as evidenced by the ongoing inflows in the exchange-traded funds industry. Inflows have crossed the important level at $34 billion, higher than what most analysts were expecting. These funds now hold assets worth over $107 billion. Crypto analysts remain optimistic about Bitcoin’s future price performance. In an X post, Ali Martinez, a popular cryptocurrency analyst, projected that Bitcoin could eventually rise to $275,000. If accurate, this forecast implies a 177% increase from current levels.Other analysts are also upbeat. In a note, analysts at Bitwise predicted that Bitcoin could reach $200,000 by 2025 as ETFs attract more inflows. They also projected that Bitcoin might surpass gold’s $18 trillion market cap by 2029. The weekly chart shows that the BTC price has made a strong bullish breakout in the past few weeks. It recently crossed the important resistance level at $69,210, the upper side of the cup and handle pattern. Bitcoin price has remained above the 50-week and 200-week Exponential Moving Averages, which made a golden cross in April 2023. It also has the momentum as the Average Directional Index has tilted upwards. Therefore, the coin will likely continue rising as bulls target the key resistance level at $122,258.

The State of Ohio has introduced a second Bitcoin reserve bill as crypto legislation gains momentum across the U.S. ahead of Donald Trump’s inauguration. Demetriou’s bill follows a similar proposal from Representative Derek Merrin, which would also position Ohio as a Bitcoin reserve holder. Speaking on X Spaces, Demetriou explained that his legislation would enable Ohio to allocate up to 10% of its state-controlled funds toward a BTC stockpile. “Bitcoin can help tap into Ohio’s existing energy reserves,” Demetriou added. Ohio is famed for having massive natural gas reserves and a competitive energy grid. The Ohio GOP Majority Whip provided no specific timeline for the bill’s passage but expressed hope that House bureaucracy would not delay progress.American legislative conversations have increasingly focused on BTC-related proposals following President-elect Donald Trump’s victory in the recent election. Earlier, Porter said that the Bitcoin renaissance was spotted amassing momentum in over 12 states and counting. Texas, Ohio, and Pennsylvania were a few states that weighed BTC reserve laws. In Washington, Senator Cynthia Lummis has advocated for federal BTC reserve policies. Responding to Federal Reserve Chair Jerome Powell, Lummis argued that the Senate should authorize the central bank to hold Bitcoin. Powell previously clarified that the Fed cannot own BTC under current laws.