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Arizona State Considering Adding Digital Asset Exposure to Retirement Funds

Arizona is evaluating whether to add exposure to digital assets in government pension funds’ investment portfolios.

A new resolution passed by the Arizona state legislature would take a step toward converting pension funds for government and public safety employees into exchange-traded funds (ETFs) based on digital assets.

The proposal comes about a month after the US Securities and Exchange Commission (SEC) approved Bitcoin (BTC) spot ETFs. The agency may also approve additional ETFs for other digital assets like Ethereum (ETH) at some point in the future.

If passed, the resolution calls on the Arizona State Retirement System (ASRS) and Public Safety Personnel Retirement System (PSPRS) to take several actions that could lead to retirement funds gaining exposure to digital assets.

There are three main actions that ASRS and PSPRS must take:

“a) consider the implications of including a digital asset ETF in your investment portfolios.

b) closely monitor the development of Bitcoin ETFs and other digital asset ETFs and consider the implications of including such assets in your investment portfolio after consulting with any company to which the U.S. Securities and Exchange Commission has granted approval to offer a Bitcoin ETF digital assets.

c) present a comprehensive report on the feasibility, risk, and potential benefits of allocating a portion of state retirement system money to digital asset ETFs, including a list of options and recommendations on how the state could safely invest in the class of digital assets for the State. Treasurer, President of the Senate and Speaker of the House of Representatives at least three months before the beginning of the Fifty-seventh Legislature, First Regular Session.”

The Republican-sponsored resolution recently passed the state Senate by a vote of 16 to 13. Only Republicans voted for it, while only Democrats opposed it. The resolution is now being considered by the state House.

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cryptocurrency exchange Cryptocurrency news Investment News

Deribit Exchange Expects Bitcoin to Rise 20% in Next 30 Days, Targeting $80,000

In a major milestone for the cryptocurrency market, Bitcoin (BTC), the largest digital asset, broke its previous records, surpassing the $69,000 mark to set a new all-time high (ATH) of $69,300 on Tuesday.

The achievement marked a historic moment for BTC, which had not reached such levels for more than two years. However, the cryptocurrency’s upward trajectory shows no signs of slowing down, with experts predicting further price gains.

Bitcoin and ETF price in perfect harmony

According to data from Deribit, a crypto futures and options exchange and analysis company, GenesisVol, BTC is expected to see a potential rise of up to 20.8% in the next 30 days.

These projections suggest that, under ideal circumstances, the price of Bitcoin could surpass the $80,000 barrier. Even conservative traders are optimistic and expect BTC to easily surpass $70,000 and reach around $75,000.

Additionally, the recent approval of spot Bitcoin exchange-traded funds (ETFs) has played a key role in Bitcoin’s success, suggesting that the upward trend in BTC prices, coupled with bullish sentiment among options traders and institutional and retail investors, is far from over. .

Bloomberg ETF expert Eric Balchunas emphasized the importance of this development and stated that it represents a pivotal moment for both Bitcoin and ETFs. Balchunas believes the rise from $25,000 to $69,000 was largely due to hopes of ETF approval and subsequent flows.

The expert stated that the synergy between ETFs and Bitcoin has proven to be mutually beneficial as ETFs have increased liquidity, accessibility, convenience and standardization for investors.

Notably, ten-hold Bitcoin ETFs have amassed over $50 billion in assets, with a staggering $8 billion generated from inflows and the remainder attributed to Bitcoin’s rising value.

However, when Bitcoin reached its new peak, increased market volatility caused a surge in liquidations. Journalist Colin Wu reported a sharp 5% drop in the price of Bitcoin in one hour, with Binance recording less than $65,000. During this hour, deals reached a staggering $142 million.

BTC sell signal

Although bullish investors are currently on cloud nine, renowned crypto analyst Ali Martinez sounded the alarm when the TD Sequential indicator recently issued a sell signal on Bitcoin’s daily chart.

The TD Sequential indicator, developed by market expert Tom DeMark, uses price patterns and sequences to identify potential trend changes in various financial markets, including cryptocurrencies.

Martínez emphasized the indicator’s notable track record in predicting Bitcoin price movements since the beginning of the year. The TD Sequential indicator issued a buy signal in early January, just before the price of Bitcoin rose 34%.

On the other hand, a sell signal was given in mid-February, followed by a 4.44% drop in the value of BTC. Therefore, considering the previous sell signals, a possible drop to the $62,000 price level could be underway for the largest cryptocurrency in the market that still holds the $60,000 support, which will be key to BTC’s prospects.

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Bitcoin Investment Cryptocurrency Investment

Bitcoin Supply Chain

The Fund’s principal goal is to help its clients realize stable risk adjusted returns and provide for long-term wealth protection. We offer funds and strategies that feature both capital growth and generation of income. The investment objective of the Fund is to establish a secure, convenient alternative for investors seeking to hold gold. The Fund invests primarily in unencumbered, fully allocated gold and silver bullion, permitted gold certificates and closed-end gold trading funds. We also invest a portion of our assets in cash, money market instruments, public and private equity.

https://www.bitcoinsupplychain.online/

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Bitcoin Energy – Earn Bitcoins Fast

Bitcoin Energy is a leading financial institution established by a team of experienced and specialized venture capitalists, traders, investors and financial planners with an global outreach. With a length and depth of experience in operational strategies of global stock markets, forex, investment opportunities, liquidity and cash , our dynamic traders embrace upon the institutional strength and objective to continuously seeking the best opportunities and deliver the outmost leading returns to our investors.

Bitcoin Energy is your key to financial prosperity, progress and stability. We offer you this unique opportunity to achieve your financial freedom even though you do not have the experience to do so.

Business Overview

Bitcoin Energy objective is to maximize your investment and financial success as an investor with a minimum of risk. It offers the possibility of earning substantial returns in any kind of market.

Benefits

  • Projected High Returns
  • Reduction of Risk via Portfolio Diversification
  • Low Correlation to Traditional Investments such as Stocks, Real-estate and Bonds
  • Bear Market Protection
  • Liquid and Transparent

Foreign exchange market in the most liquid financial market in the world having a daily turnover of over the 1.5 trillion dollars (spot, forward and option transaction) it provides an excellent opportunity for online investing. As per the Euromoney FX Survey (May 2006) top 10 foreign exchange banks? transaction represents more then 60% of global FX deals. The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily.

Name PlansDetailsMinimumROIPlan status
Started Plan7500% after 2 days300 USD/0.005 BTC7500%Avalible
Normal Plan 17500% after 36 hours6,000 USD/0.1 BTC7500%Avalible
Normal Plan 27500% after 24 hours30,000 USD/0.5 BTC7500%Avalible
Vip Plan7500% after 12 hours60,000 USD/1 BTC7500%Avalible

There are three main reasons to participate in the Forex market: One is to facilitate an actual currency exchange, whereby an international corporation, for instance, may convert profits earned in foreign currencies back into its domestic currency. Hedging is another common commercial use of the forex market — corporate treasurers and money managers routinely use the FX market in order to hedge against unwanted exposure to future price movements in the currency market.

https://www.bitcoinenergy.site/

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Bitcoin Wallet cryptocurrency exchange Cryptocurrency news

Cryptocurrency Price Predictions: Bitcoin Dogs, Bitgert (BRISE), WAXP

Cryptocurrency prices had quite a successful week as demand continued to rise and a sense of greed emerged in the market. Bitcoin jumped to over $60,000 while other coins like Dogecoin, Shiba Inu, and Bonk went parabolic. In total, this increase added billions of dollars to the total valuation of all cryptocurrencies. This article provides a forecast for some major cryptocurrencies such as Bitcoin Dogs, Bitgert (BRISE), and WAXP.

Bitgert (BRISE) Price Prediction

Bitgert, like other cryptocurrencies, performed well this week when its token suddenly woke up. The BRISE token hit a high of $0.00000020, its highest point since December 29 last year. It has risen about 50% from this year’s low.

Along the way, the coin bounced above the 50-day moving average, indicating that the bulls are now in control. More importantly, there are signs that the token has formed a double bottom pattern at $0.00000013. In most cases, this pattern is one of the most bullish signals in the market.

The neckline of the double bottom pattern is at $0.0000030. Furthermore, Bitgert’s volume also increased considerably. Therefore, there is a chance that the token could continue to rise as buyers target the key resistance point at $0.00000030, which is around 60% of the current level.

Bitcoin Dogs, an upcoming cryptocurrency, was one of the best-performing players in the industry as its token sale accelerated. The developers have already raised more than $5.6 million from global investors. This is notable because the fundraising started about two weeks ago. If this trend continues, there is a chance that developers will make more money than this.

Bitcoin Dogs is a blockchain that became the first ICO in the Bitcoin ecosystem. The developers aim to create a fully functional ecosystem that has substantial utility. This utility will come in the form of a collection set of 10,000 NFTs in ordinal form.

At the same time, they plan to venture into the blockchain gaming industry, which is expected to thrive in this cryptocurrency rush. The goal is to create a fun game that people can interact with and earn rewards in the form of $ODOG token.

This comes at a time when interest in the Bitcoin ecosystem is increasing. We’ve seen developers like Stacks and Internet Computer become some of the top performers in the industry. Additionally, Bitcoin Ordinals have become some of the best performers in the NFT industry.

WAXP Price Prediction

Meanwhile, the WAXP token price saw a strong bullish breakout this week as demand for altcoins increased. It jumped to a high of $0.098, its highest point since 2022. It is up more than 158% since its low in October last year.

By bouncing, the token surpassed the important resistance level of $0.0775, its swing high in December last year. Subsequently, WAXP price bounced above the 50-day and 25-day moving averages. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought level.

Therefore, the outlook for the token will continue to rise as buyers target the next major resistance point at $010. However, a pullback is also possible as some investors begin to take profits.