Ohio bill aims to diversify treasury assets: The Ohio Bitcoin Reserve Act allows the state treasury to purchase Bitcoin, addressing concerns over U.S. Dollar devaluation. This Movement reflects a broader trend in states like Pennsylvania and Texas, promoting Bitcoin adoption and bolstering market confidence.
Bitcoin reaches peak value amid market excitement: Bitcoin surged to an impressive 108,315 USD, with current trading near 104,800 USD, fueled by Federal Reserve rate cut expectations and pro-crypto policies anticipated from the incoming administration.
Growing institutional interest drives Bitcoin ETF demand: Total assets in Bitcoin ETFs have exceeded 121.8 billion USD, with inflows of 2.16 billion USD last week alone. Analysts predict that sustained institutional interest could uplift Bitcoin prices, potentially reaching 200,000 USD by mid-2025.