Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.

Bitcoin this week plunged to its lowest level since November, as investors fast cashed out of the new crypto ETFs. And it might get worse.

A national Bitcoin reserve is not happening anytime soon. Senator Cynthia Lummis, who has been pushing for the U.S. government to hold Bitcoin, says states will probably act before the federal government does.

Fed chair Powell risks provoking U.S. president Donald Trump if the Fed doesn’t resume interest rate cuts soon, with Trump posting to X that “interest rates should be lowered,” following the Fed’s decision to leave them on hold earlier this month.

Author Robert Kiyosaki has raised an alarm about the potential collapse of the world’s financial system, advocating Bitcoin (CRYPTO: BTC) as a possible safeguard

Attempts to decipher exactly what’s driving the price of Bitcoin are often tricky endeavors, with multiple offsetting catalysts in the mix.

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Despite the current market downturn, not all hope is lost, as a massive wave of liquidity expansion could be on the horizon. The expanding M2 global liquidity supply could breathe fresh air into the risk-on markets, especially Bitcoin. However, this might take some time.

Arizona's Senate has moved forward with the Strategic Digital Assets Reserve bill (SB 1373), positioning the State just behind Utah in the race to pass a crypto investment bill.

Bitcoin and cryptocurrency prices have found a temporary floor following a steep sell-off though analysts have said bitcoin remains at a "critical

Investing.com -- Senator Cynthia Lummis, who has proposed a bill for the U.S. to establish a Bitcoin reserve, has indicated that the progress on this proposal might take more time than many cryptocurrency supporters anticipate., according to Bloomberg News.

Bitcoin's drop below $80,000 comes as ETF outflows surge and macro pressures mount. But how does the current dip stack up against the past?