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Bitcoin dips as US considers strategic reserve; Hyperliquid soars 32% amid crypto market shifts.

Market News
23 May 2026
Tokenpost
View Source
Bullish
pluang ai news

Bitcoin's price fell from $78,000 to nearly $75,000 despite positive industry news including a US proposal for a strategic Bitcoin reserve and SpaceX's disclosure of owning over 18,000 BTC. The American Reserve Modernization Act could boost Bitcoin prices significantly if passed. Meanwhile, Hyperliquid's token surged 32% to a new high, attracting institutional interest as some investors shift funds from Bitcoin and Ethereum. Additionally, Trump's executive order aims to integrate crypto firms with the Federal Reserve's payment system, potentially benefiting Ripple and Circle, though some political opposition remains.

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