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Czech National Bank considers shifting up to 5% of reserves into Bitcoin

Governor Michl advocates Bitcoin as a diversification tool amid increasing institutional adoption across the world.

CryptoSlate

Jan 29

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Happy Wednesday!

The crypto market is buzzing with major developments: the Czech National Bank is considering a historic move to allocate 5% of its reserves to Bitcoin, while Bitwise and Cboe ramp up ETF filings for Dogecoin and Solana. Arthur Hayes forecasts a Bitcoin dip to $70K before a meteoric rise to $250K in 2025, and Elon Musk’s X takes a bold step toward becoming an “everything app” with its new Visa-powered financial services.

🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.

The global crypto market cap is $3.45 trillion, with a 24-hour volume of $105.57 billion. The price of Bitcoin is $101,805.28, and BTC market dominance is 58.6%. The price of Ethereum is $3,087.86, and ETH market dominance is 10.8%. The best-performing sector is Gambling, which gained 4%. The Crypto Fear & Greed Index is currently Greed (72).