Crypto News
Trump Effect: China Considering Backpedaling on Bitcoin Policy
Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The newSource link
Cardano’s ADA Leaps to 2.5-Year High of 90 Cents as Whale Holdings Exceed $12B
On-chain activity shows the involvement of large investors and institutions, indicating that the price surge could have staying power.Source link
BitMEX Launches CHILLGUYUSDT Perpetual Swap with 50x Leverage
BitMEX has introduced a new perpetual swap listing for CHILLGUYUSDT, offering traders the opportunity to leverage up to 50x on this TikTok-inspired memecoin. (Read More)Source link
Bitcoin Bull Market May Drive Russian Miners Underground
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin MiningSource link
Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4T
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January.Source link