Here’s what happened in crypto today
In recent crypto news, Michael Saylor of Strategy hinted at an imminent Bitcoin purchase after a week-long pause, with the firm currently holding over 471,000 Bitcoin valued at around $44.8 billion. Meanwhile, Elon Musk's Department of Government Efficiency (DOGE) reported saving US taxpayers $36 billion, which raised calls from industry leaders for increased transparency in government spending through blockchain technology. Musk aims to save up to $2 trillion by implementing a blockchain-driven financial system. Additionally, Felix Hartmann, a crypto venture capitalist, suggested that the market may be nearing the bottom due to prolonged negative funding rates and bearish sentiment. Despite Ether's recent pullback to $2,639 from over $4,000, Hartmann asserted that this sentiment could indicate a potential recovery on the horizon. As the crypto market navigates these dynamics, the community watches closely for forthcoming developments.
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