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What Happened in Crypto Today: The Secret Bitcoin Kingdom?
Bitcoin keeps knocking on $90K's door, but someone's not answering.
Everyone knew this resistance level would be tough. But watching Bitcoin bounce off it again and again? That's something else.
What's interesting isn't the rejection - it's how quickly buyers jump in every time there's a dip. They're not even waiting for "the perfect moment" anymore.
And then there's the Fed, showing up with the bad news of no rate cuts.
The market barely flinched though. Sure, prices dipped a bit, but there wasn't any panic selling or mass hysteria. Just a collective shrug and back to business.
Maybe that's what's different this time around. The market seems more... grown up? Even with no rate cut news that would've typically sent traders running for the exits, most are just sitting tight.
So what's really going on in crypto today? Let's break down the most important headlines from the past 24 hours:
Let’s dive in!
The Secret Bitcoin Kingdom
When a tiny Himalayan nation sells millions worth of Bitcoin at the perfect moment - right as BTC touched $90,000 - it raises some interesting questions.
Through their investment arm, Druk Holding & Investments, Bhutan is still sitting on 12,206 Bitcoin worth $1.11 billion.
The fascinating part? While other governments are mostly getting their Bitcoin through seizures, Bhutan's mining it by using its hydroelectric power.
How much did it make so far? Read the full story !
Big Shot Attorneys Just Launched an Anti-SEC Crusade
The SEC's grip on crypto might be loosening.
A powerful coalition of state attorneys general just hit the agency with a lawsuit.
Led by Kentucky's AG Russell Coleman, the lawsuit argues something crypto advocates have been saying for years: digital assets aren't the same as traditional securities, and the SEC shouldn't treat them like they are.
Why did it take them so long to challenge the SEC's authority? Read the full story !
Just Five Years’ Sentence for a Gigantic Bitcoin Heist?
The Bitfinex hacker who pulled off one of the biggest crypto heists in history just got his sentence - and it's confusing.
Ilya "Dutch" Lichtenstein walked away with just five years for stealing what would now be worth $10.7 billion in Bitcoin.
Let that sink in.
The stolen Bitcoin was worth $72 million in 2016. Today? $10.7 billion.
How does someone walk away with such a light sentence for one of crypto's biggest heists? Read the full story !
VanEck's Latest Bitcoin Price Prediction
VanEck's head of digital assets research, Matthew Sigel, just shared his price prediction - $180,000 Bitcoin by 2025. And he's got some interesting data to back it up.
Bitcoin's already been surging since Election Day, smashing through $80,000, $85,000, and $90,000. Currently holding steady at $88,500, it's commanding a 57% share of the entire crypto market.
What data? Here are the details !
Fed Not Cutting Rates Soon
Jerome Powell just threw cold water on hopes for quick interest rate cuts. Speaking in Dallas, the Fed Chair made it crystal clear: the economy's doing too well to rush into rate cuts.
Instead of quick cuts, he's advocating for a "careful" and "measured" approach.
Powell's stance is particularly interesting for crypto markets, which have been partly fueled by expectations of imminent rate cuts. His focus remains locked on keeping inflation in check - a key factor that historically drives investors toward Bitcoin.
The Fed's in no rush because they're seeing strength in the economy. That's both good and bad news.
Details? Read the full story !