Only bitcoin already held by the US government will be included in President Donald Trump's crypto strategic reserve.
President Donald Trump's new strategic crypto reserve has vocal critics, though industry insiders are convinced he has their back.
As guidelines from the Trump administration trickle down, they will likely fall under these government agencies to implement.
The former president has positioned himself as the pro-crypto candidate this election cycle. But he hasn't always had nice things to say about crypto.
Bitcoin and ethereum dropped amid a global market rout on Monday, fueled by US economic worries following a series of weak data reports.
The spot ether ETFs are set to launch as soon as next week. But analysts have different opinions on how ether's price might move.
With spot ether ETFs around the corner, ether's upside over bitcoin will only deepen, research firm Kaiko said.
Bitcoin fell below $58,000 on Thursday as selling pressure keeps pushing investors out. The drop signal a bigger correction is likely, FXPro says.
Bitcoin programmers have been expanding the possibilities behind the blockchain. It could mean fresh highs for the apex token.
Crypto bulls are confident that a looming "halving" event could power bitcoin to new highs, despite the coin's recent declines.
North Korea-backed hackers are using a mixer sanctioned by the US to launder funds stolen in a hack last November, Elliptic said.
Shiba Inu, dogecoin, and Cardano round out the top 10 cryptos by market value, according to data from CoinMarketCap.
The eye-watering sum paid for a CryptoPunk this month recalls the peak of the NFT boom when pixelated artwork regularly sold for millions.
"There's not a bitcoin company, there's not a bitcoin price-to-earnings ratio, it's just a sentiment driven token."
Ether has surged 27% this year, beating bitcoin's 20% gain, as hopes mount it will be next to get ETF approval.
Bitcoin climbed above $51,600 on Wednesday while ether also rallied to help push the total crypto market cap almost 5% higher in 24 hours.
The billionaire tech mogul's Founders Fund started snapping up bitcoin and ether in mid-2023, Reuters reported.
Bitcoin's surge has powered the sector's valuation higher, but other tokens like ether have also racked up huge gains.
"These are just stepping stones towards tokenization, and I really do believe this is where we're going to be going."
Ether spiked nearly 6% Wednesday to $2,390 amid anticipation of the SEC's expected approval of spot bitcoin ETFs.