@venturevillagewall · Post #4279 · 01/03/2025 16:00
Swiss Central Bank Rejects Bitcoin Reserves Swiss National Bank President Martin Schlegel dismisses holding bitcoin as reserves, citing volatility and security issues. He emphasizes that cryptocurrencies don’t meet the necessary characteristics of a good currency. Read more Amidst market turbulence, Bitcoin saw a sharp decline, hitting an intraday low of $78,197 and trading below $80,000 at $79,875. BTC is down 7% today and 21.9% over the past month. Liquidations in derivatives reached $955.12 million, with significant amounts linked to bullish BTC and ETH positions. Market experts indicate the current downturn is less severe than previous crises, suggesting a healthy release of market risks. Kentucky passes a bill unanimously protecting Bitcoin Rights and self-custody, marking a significant legislative move for cryptocurrencies. #Bitcoin#Crypto#Finance#LazarusGroup#Ethereum#MarketTrends#Regulation#Volatility#Investing#Kentucky#BitcoinRights#SelfCustody#Trading#Liquidations#US#Banks#Macroeconomic#Arbitrage#MarketAnalysis#FTX#CryptoNews