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Bitcoin is trading near $108,850, stabilizing after sharp intraday swings triggered by the US Federal Reserve's interest rate cut to 4.00%. While the rate move initially sparked volatility across risk assets, BTC is holding above a key support zone around $108,900, keeping traders cautiously optimistic. Market sentiment received a lift from fresh developments in Europe and the crypto mining sector, even as overall momentum remains muted. Germany’s Opposition Calls to Classify Bitcoin as a National Asset In a notable policy move, Germany’s largest opposition party , Alternative for Germany (AfD) , has called for Bitcoin to be designated a strategic national asset. Key proposals include: Separating Bitcoin from other digital assets in EU’s MiCA regulatory frameworkRetaining VAT exemptions and the 12-month capital-gains exemption for BTC holdersSupporting self-custody rights for citizensExploring Bitcoin as part of national reserves , similar to sovereign gold holdings The move adds to growing political debate across Europe over Bitcoin’s role in national strategy and digital competitiveness. TeraWulf Shifts Toward AI Infrastructure with $500M Raise US-based crypto mining firm TeraWulf announced plans to raise $500 million via convertible notes to build a new AI-focused data center in Texas. The pivot leverages the firm’s energy and infrastructure base as demand for GPU-driven AI computing accelerates. Analysts see the diversification as a way for miners to reinforce long-term resilience amid cyclical Bitcoin mining returns. Binance Partners with Bubblemaps to Tackle Insider Activity Binance has teamed up with blockchain analytics firm Bubblemaps to enhance transparency and identify suspicious fund flows. The integration will enable users to visualize wallet clusters and detect potential insider trading patterns , a move seen as part of the industry's ongoing push to strengthen market integrity. Bitcoin Technical View: Support Holds Above $108,900 Bitcoin continues to defend the $108,900 support zone, aligning with the 23.6% Fibonacci retracement from the recent rally. Indicators show: RSI near oversold territory (~31)Multiple lower-wick candles signaling dip-buying interest50-EMA flattening, suggesting consolidation Key levels to watch: Support: $108,900 → $106,100 → $103,500Resistance: $110,700 → $112,200 → $114,950A sustained close above $110,700 could set the stage for a near-term recovery heading into November. Layer-2 Innovation Spotlight: Bitcoin-Linked Scaling Projects Gain Traction As demand grows for faster Bitcoin-linked decentralized applications, new Layer-2 concepts inspired by high-performance architectures like Solana are drawing market attention. These initiatives aim to combine Bitcoin’s security model with low-cost, high-speed execution environments, reflecting the broader trend of bringing programmability to Bitcoin’s ecosystem. Disclaimer: Cryptocurrency markets are volatile. This article is informational and not financial advice.
