Bitcoin and Other Cryptocurrencies Experience Rally, Reaching Highest Price Since December 18

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Cointime2025/01/17 18:22

By:Cointime

Bitcoin led a surge in the cryptocurrency market on Friday, reaching its highest value since December 18th. Other major digital assets, such as ether, XRP, and Solana, also experienced significant gains from their Monday lows. This recovery was part of a broader rebound across financial markets following an inflation report on Wednesday and reports of President-elect Donald Trump's plans to support digital assets when he takes office next week. Trump is said to be considering an executive order that designates crypto as a national priority and establishes a crypto advisory council, with the possibility of a national bitcoin stockpile being included. However, the idea of a national Bitcoin stockpile raises concerns about oversight and its potential impact on the strength of the US dollar, and it may take until after 2025 to address these concerns and begin purchasing Bitcoin.

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Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

Cryptopolitan•2025/04/16 19:45