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Strike CEO Drops Bombshell: Trump Eyeing US Bitcoin Reserve on Day One via Executive Order This week, Jack Mallers, the CEO and founder of Strike, dished on President-elect Donald Trump’s plan to establish a strategic bitcoin reserve on his very first day in office via an executive order. Jack Mallers Stuns Timcast Host Tim Pool The buzz around a strategic bitcoin reserve for the U.S. has picked up steam lately, especially with new laws and nods from politicians. One standout proposal is from U.S. Senator Cynthia Lummis with her Bitcoin Act of 2024. This bill recommends that the U.S. Treasury and Federal Reserve snap up 200,000 bitcoins each year for five years, leading to a stash of one million bitcoins, which would make up approximately 5% of the world’s bitcoin hoard. On Timcast, the show run by American commentator and journalist Tim Pool, Strike’s founder Jack Mallers discussed Trump‘s plan to .

Ethereum (ETH) has been under pressure recently, with its price reacting to significant market movements, including large transactions by Binance. As of now, Ethereum is trading around $2,660, reflecting a notable decline of about 5% in the past day. ▪️Binance’s Recent Ethereum Transactions There’s been a lot of buzz about Binance offloading substantial amounts of ETH. Reports suggest the exchange recently sold around 25,000 ETH, worth approximately $80 million, within a short window. This kind of selling activity can shake market confidence, causing price swings and uncertainty among traders. ▪️Key Ethereum Price Levels to Watch Given the recent price action, here are some critical levels to keep an eye on: 1. Resistance at $2,820 – ETH is facing selling pressure at this level. If buyers step in and push it past $2,820, we could see a bullish breakout. 2. Support between $2,700 and $2,600 – This range is acting as a crucial support zone. A breakdown below $2,600 could open the door to further declines, possibly toward $2,000. 3. Major resistance at $3,100 and $3,300 – If ETH manages to climb past these resistance zones, we could see a push toward its previous highs near $4,000. ▪️Market Outlook With Binance’s selling spree and overall market uncertainty, Ethereum’s price remains volatile. These key levels will be important in determining its next move. If bullish momentum returns, ETH could reclaim higher levels, but if selling pressure continues, we might see deeper corrections. For traders and investors, staying informed and watching for significant market moves is crucial. The crypto market is always changing, and understanding these key levels can help navigate the fluctuations. $ETH

Ethereum (ETH) has been under pressure recently, with its price reacting to significant market movements, including large transactions by Binance. As of now, Ethereum is trading around $2,660, reflecting a notable decline of about 5% in the past day. ▪️Binance’s Recent Ethereum Transactions There’s been a lot of buzz about Binance offloading substantial amounts of ETH. Reports suggest the exchange recently sold around 25,000 ETH, worth approximately $80 million, within a short window. This kind of selling activity can shake market confidence, causing price swings and uncertainty among traders. ▪️Key Ethereum Price Levels to Watch Given the recent price action, here are some critical levels to keep an eye on: 1. Resistance at $2,820 – ETH is facing selling pressure at this level. If buyers step in and push it past $2,820, we could see a bullish breakout. 2. Support between $2,700 and $2,600 – This range is acting as a crucial support zone. A breakdown below $2,600 could open the door to further declines, possibly toward $2,000. 3. Major resistance at $3,100 and $3,300 – If ETH manages to climb past these resistance zones, we could see a push toward its previous highs near $4,000. ▪️Market Outlook With Binance’s selling spree and overall market uncertainty, Ethereum’s price remains volatile. These key levels will be important in determining its next move. If bullish momentum returns, ETH could reclaim higher levels, but if selling pressure continues, we might see deeper corrections. For traders and investors, staying informed and watching for significant market moves is crucial. The crypto market is always changing, and understanding these key levels can help navigate the fluctuations. $ETH

🌟Navigating the Volatility: Understanding Short-Term Trading in the Crypto Market🌟 While the prospect of a Litecoin ($LTC )ETF is undoubtedly exciting, it’s crucial to remember that short-term trading in the crypto market is inherently risky. The volatility that attracts short-term traders can also lead to significant losses if not managed carefully. Here are some key considerations for anyone venturing into short-term Litecoin trading, especially amidst ETF speculation: ➡️Volatility is Your Companion (and Your Foe): Crypto markets are known for rapid price swings. Short-term traders aim to profit from this volatility, but it also means the potential for losses is equally high. ➡️Due Diligence is Paramount: Don’t trade based solely on hype or rumors. Conduct thorough research on Litecoin, understand market trends, and analyze price charts before making any trading decisions. ➡️Risk Management is Non-Negotiable: Implement robust risk management strategies. This includes setting stop-loss orders to limit potential losses, diversifying your portfolio, and never investing more than you can afford to lose. ➡️Stay Informed, Stay Agile: The crypto market is dynamic and news-driven. Stay updated on the latest developments, particularly regarding ETF approvals and regulatory announcements. Be prepared to adjust your trading strategy quickly based on market changes. ➡️Understand Market Sentiment: Pay attention to market sentiment and social media buzz around Litecoin and ETFs. While sentiment shouldn’t be the sole basis for trading decisions, it can provide valuable insights into market direction.

Developments in Litecoin’s ecosystem highlight growing retail adoption as speculations of a potential spot LTC ETF circulate. Reports indicate that short-term LTC traders increased over 12% in the past month. Onchain data shows that the number of addresses holding LTC tokens rose from about 510,000 on January 24 to nearly 580,000 by now. In addition to the surge in trader activity, daily transactions on the Litecoin network climbed to $9.6 billion after ETF issuers stepped up their efforts regarding the product in the United States. Litecoin’s market cap soared by nearly 50% in February, further highlighting increased investor interest. Notably, the buzz around LTC increased following the SEC’s acknowledgment of the proposal for a rule change to list the CoinShares spot Litecoin ETF on the Nasdaq. In the meantime, crypto community members spotted a listing of Canary Capital’s Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. Related: Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed According to the Litecoin Foundation, the DTCC is a “key part of global financial markets.” The platform processes trillions of dollars in securities daily, and listing there signals the Issuer’s level of preparedness for a potential ETF launch. However, it does not guarantee that the SEC would approve the ETF. The excitement surrounding a possible Litecoin ETF approval stems from a similar event with Bitcoin last year, when SEC approval of a spot Bitcoin ETF triggered a notable rally. Related: Litecoin ETF Could Beat XRP in ETF Race, Despite Multiple SEC Filings Last year’s spot Bitcoin ETF approval by the SEC triggered a significant rally for the pioneer cryptocurrency. It opened the channel for institutional investors to participate in the Bitcoin market, resulting in notable inflows. Litecoin traded for $123.5 at the time of writing, with minimal signs of growing adoption, per the price movement. However, analysts expect the situation to change if the SEC approves the ETF applications. Hence, the crypto community members gravitate toward the first-generation cryptocurrency. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.