The White House has confirmed an imminent breakthrough update regarding the US bitcoin strategic reserve established by President Trump in 2025. This reserve, seeded with 200,000 bitcoins from government forfeitures, is currently protected from sale by executive order. The update, described as legally sound and safeguarding assets, has sparked excitement among bitcoin investors and market watchers, who anticipate significant market impact. Additionally, legislation is being prepared to establish bitcoin as a strategic reserve asset, potentially involving the US purchasing 1 million bitcoins over five years, which could further influence bitcoin's price and adoption.
Bitcoin is trading around $77,000 following a $1 billion outflow last week after a six-week inflow streak. It failed to hold above the 200-day moving average near $82,200, facing rejection multiple times this month. Support remains between $76,000 an...
Bitcoin recently fell below key technical levels, sparking fears of a new bear market. However, K33 Research highlights that unlike previous crashes fueled by excessive risk-taking and leverage, the current market shows exceptional trader pessimism a...
Bitcoin is currently testing a crucial weekly support level near $72,000 after a weak short-term bounce from the 78.6% Fibonacci retracement around $75,000. Historically, Bitcoin has used this Hull Moving Average (HMA) level as a strong support durin...
Cryptocurrency prices are fluctuating with Bitcoin trading near $77,490, up by 0.97%, and Ethereum around $2,130, up by 0.78%. Other notable movements include ZEC rising 4.37%, UNI up 4.01%, and ALGO increasing 4.70%, while some coins like BCH and XL...
Bitcoin recently peaked near $83,000 but has since fallen below its 9-day and 21-day moving averages, now trading around $77,371. This drop follows a multi-day retracement triggered by a bearish crossover of short-term moving averages and over $800 m...
