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The Pi Network community received an important update with the release of Pi Node v0.5.3. This upgrade supports decentralization and aims for wider adoption. Given recent price changes and community demands for progress, this update brings new momentum and lays the groundwork for future growth in the ecosystem. Pi Network Rolls Out Pi Node v0.5.3
The post Pi Network News: Pi Node Gets Major Upgrade For Decentralization appeared first on CoinGape.
After disclosing its treasury ambitions, Strive Asset Management has taken the first real steps to acquire Bitcoin (BTC). The company has announced a $750 million private investment to power its Bitcoin accumulation plans. Rather than blindly stacking Bitcoin, Strive Asset Management will leverage alpha-generating strategies in its Treasury operations. Strive Asset Management Raises $750M For Bitcoin Purchases Vivek Ramaswamy’s Strive Asset Management and Asset Entities have unveiled plans to become a leading force in Bitcoin accumulation. According to an X post, the company has announced a $750 million raise via private investment from a coalition of undisclosed VC firms. While details are under wraps, Strive Asset Management says the capital injection will support the company’s “first wave of Bitcoin accumulation.” Moreover, the tweet from Strive reveals additional plans to raise as much as $1.5 billion from private investment via warrant exercise. Strive Asset Management and Asset Entities (Nasdaq: ASST) announce… Read More at Coingape.com
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The post Florida Drops Bitcoin Reserve Plans appeared first on Coinpedia Fintech News
Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain enough traction to move forward. With the session closed, any similar effort would need to be reintroduced in a future session.
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Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but …
Bitcoin has recently experienced a notable rally, pulling the price back above $90,000 after over five weeks of stagnation. As of now, Bitcoin is trading near $94,401, just shy of the critical $95,761 resistance.
This suggests that Bitcoin is not yet at its saturation point, with further upward momentum possible if key barriers are breached.
The market sentiment surrounding Bitcoin remains overwhelmingly positive, with investors showing high levels of optimism for further price gains. Social media posts indicate a sharp spike in bullish sentiment, with the number of optimistic (versus bearish) posts reaching levels not seen since the night of Donald Trump’s election on November 5, 2024. This surge in positivity suggests that many investors are poised to capitalize on Bitcoin’s potential growth, further fueling its rally.
However, the extreme level of greed in the market raises questions about the sustainability of this upward movement. As investor sentiment becomes increasingly optimistic, there is a risk that this could lead to a local top if too many traders become overly greedy.
The broader macro momentum for Bitcoin is signaling a rebound, particularly in the Profit/Loss (P/L) ratio, which is nearing a neutral 1.0 level. This shift indicates a balance between coins in profit and those in loss. Historically, the 1.0 threshold has acted as resistance during bear phases, but a sustained move above this level could signal a stronger recovery and continued upward momentum for Bitcoin.
While the shift towards a neutral P/L ratio suggests potential strength, it also opens up the possibility of selling pressure as investors look to lock in profits. Therefore, Bitcoin’s ability to maintain momentum will depend on how investors react to price movements and whether they decide to sell or hold their positions.
Bitcoin’s recent price action shows a 10% increase in the last seven days, trading at $94,401. The crypto king is now just below the significant $95,761 resistance level, which has been holding steady for some time. A break above this level would set Bitcoin on track to reach new highs, with $100,000 as the next major milestone.
Should Bitcoin breach $95,761, the growing greed within the market will likely encourage investors to hold their positions rather than sell. This will likely feed the altcoin’s bullish momentum, pushing Bitcoin further toward $100,000 as demand remains strong among traders eager to capitalize on potential gains.
However, if Bitcoin fails to maintain its position above $93,625, the price could fall toward the $91,521 support. A deeper decline to $89,800 could put the bullish momentum at risk, delaying any immediate recovery and increasing the chances of a consolidation phase.
The post Bitcoin Greed Gauge Flashes Red While Price Hovers Around $94,000: Next Stop $100,000? appeared first on BeInCrypto.