The post How Could Brazil’s Strategic Bitcoin Reserve Proposal Impact BTC? appeared on BitcoinEthereumNews.com.

Bitcoin price has recently climbed back to $70,000, fueled by a softer-than-expected U.S. inflation report that relieved market concerns. This has seen a new risk appetite in the eyes of investors, and this has helped the general crypto market recover. Meanwhile, the proposal of a strategic Bitcoin reserve in Brazil may prove to be a major factor, potentially enhancing the adoption of Bitcoin and strengthening its role worldwide. Over the last 24 hours, the overall crypto market increased by 1.55%, to reach 2.4 trillion. ETH price rose above $2,000, and other cryptocurrencies, such as XRP, increased by 5%. Brazil Plans Million Bitcoin Acquisition Over Years Brazil has proposed a bill that could reshape the nation’s financial landscape by establishing a strategic sovereign Bitcoin reserve. The government seeks to purchase one million Bitcoins in the coming five years, which would cost the government 68 billion. The move would make Brazil among the largest Bitcoin depositories in all of the world, more than the US or China. The buyback plan is gradual to avoid disrupting the market. Other incentives proposed by the bill include the ability to pay federal taxes and fines using Bitcoin, and the sales of crypto would not be taxed. Also, the confiscated Bitcoin would be retained in the reserve instead of being sold by a court. In Brazil, the proposal is under consideration by the Congress, which is composed of the economic development, finance, and justice committees. If it be accepted, this initiative would diversify the Brazilian sovereign assets considerably and enhance its long-term financial standing. U.S. Bitcoin and Ethereum ETFs See Net Inflows On February 13, U.S. spot Bitcoin ETFs saw notable inflows totaling $15.20 million. Fidelity FBTC ETF was the best of them, with the highest net inflow per day of $11.99 million. Source: Sosovalue data…

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Filed under: News - @ February 14, 2026 7:59 pm

The post How Could Brazil’s Strategic Bitcoin Reserve Proposal Impact BTC? appeared on BitcoinEthereumNews.com.

Bitcoin price has recently climbed back to $70,000, fueled by a softer-than-expected U.S. inflation report that relieved market concerns. This has seen a new risk appetite in the eyes of investors, and this has helped the general crypto market recover. Meanwhile, the proposal of a strategic Bitcoin reserve in Brazil may prove to be a major factor, potentially enhancing the adoption of Bitcoin and strengthening its role worldwide. Over the last 24 hours, the overall crypto market increased by 1.55%, to reach 2.4 trillion. ETH price rose above $2,000, and other cryptocurrencies, such as XRP, increased by 5%. Brazil Plans Million Bitcoin Acquisition Over Years Brazil has proposed a bill that could reshape the nation’s financial landscape by establishing a strategic sovereign Bitcoin reserve. The government seeks to purchase one million Bitcoins in the coming five years, which would cost the government 68 billion. The move would make Brazil among the largest Bitcoin depositories in all of the world, more than the US or China. The buyback plan is gradual to avoid disrupting the market. Other incentives proposed by the bill include the ability to pay federal taxes and fines using Bitcoin, and the sales of crypto would not be taxed. Also, the confiscated Bitcoin would be retained in the reserve instead of being sold by a court. In Brazil, the proposal is under consideration by the Congress, which is composed of the economic development, finance, and justice committees. If it be accepted, this initiative would diversify the Brazilian sovereign assets considerably and enhance its long-term financial standing. U.S. Bitcoin and Ethereum ETFs See Net Inflows On February 13, U.S. spot Bitcoin ETFs saw notable inflows totaling $15.20 million. Fidelity FBTC ETF was the best of them, with the highest net inflow per day of $11.99 million. Source: Sosovalue data…

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Filed under: News - @ 7:59 pm