Following a sharp multi-week selloff that dragged Bitcoin from above $100,000 to below $80,000, the recent price bounce has traders debating whether the Bitcoin bull market is truly back on track or if this is merely a bear market rally before the next macro leg higher.

Bitcoin’s Local Bottom or Bull Market Pause?

Bitcoin’s latest correction was deep enough to rattle confidence, but shallow enough to maintain macro trend structure. Price seems to have set a local bottom between $76K–$77K, and several reliable metrics are beginning to solidify the local lows and point towards further upside.

The Net Unrealized Profit and Loss (NUPL) is one of the most reliable sentiment…

Read more on BitcoinMagazine

In the world of traditional finance, evaluating a company’s success usually means tracking revenue growth, earnings per share, or return on equity. But what happens when the core of a company’s strategy isn’t selling products or services, but accumulating Bitcoin?

That’s the question facing a new class of Bitcoin treasury companies. These are publicly traded firms whose central mission is to acquire and hold Bitcoin over the long term. And to understand whether they’re succeeding, we need a fresh set of tools.

This article introduces those tools—new key performance indicators (KPIs) designed to evaluate how well a company is executing its Bitcoin strategy. Many of these…

Read more on BitcoinMagazine

South Carolina lawmakers have launched an ambitious initiative with the “Strategic Digital Assets Reserve Act” allowing the state treasurer to delve into cryptocurrency investments. The bill named H4256 empowers the treasurer to allocate up to 10% of various state-managed funds including the General and Budget Stabilization Reserve Funds into digital assets with a staggering upper limit of one million Bitcoins.

This legislation mandates that digital assets be securely managed either directly by the state treasurer or through qualified custodians and prohibits the lending of these assets. Advocates highlight the bill’s potential to shield the state’s finances from inflation and economic turbulence while diversifying its investment portfolio. To ensure accountability and transparency all digital assets’ public addresses will be displayed on an official state website complemented by biennial financial reports and regular audits.

Joining a trend seen across the US South Carolina’s move could transform it into a hub for digital finance. Prior to this S0163 was introduced focusing on digital asset regulation and promoting rural development through cryptocurrency mining without imposing specific mining taxes or zoning restrictions.