Bitcoin’s future could become more volatile if it ends the week below the critical $82,000 support level. Investor sentiment is currently low, following disappointment over President Trump’s recent executive order, which proposed creating a Bitcoin reserve from seized assets rather than acquiring new Bitcoin. Analysts from Bitfinex warn that without direct federal investment, Bitcoin’s price ...
President Donald Trump has officially signed an executive order to establish a US Bitcoin reserve and a digital asset stockpile, but the reaction from the crypto Market has been negative. Despite the potential for the reserve to reduce the amount of Bitcoin in circulation, analysts suggest that it won’t appreciably boost its value since the ...
In today’s Up First newsletter, we look at the job Market‘s recent status just before economic turmoil, with a forthcoming Labor Department report expected to show solid growth despite recent federal job cuts. President Trump signed an executive order to establish a strategic bitcoin reserve, aiming to position the U.S. as a leader in cryptocurrency. ...
President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, fulfilling a campaign promise. The order highlights Bitcoin’s fixed supply as a strategic advantage for the U.S. to be an early adopter of such reserves. The reserve will consist of forfeited Bitcoin held by the Treasury, ...
On January 23, 2025, President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, fundamentally changing U.S. digital asset policy. This reserve will be funded by bitcoin seized from criminal cases, ensuring no cost to taxpayers. The U.S. government reportedly controls around 200,000 bitcoins, and the order aims to account for these ...
Bitcoin recently dipped below $101,000 as traders took profits after President Donald Trump declared the digital asset industry essential for U.S. innovation. This decline occurred just days after Trump ordered the formation of a working group to outline a regulatory framework for cryptocurrencies within six months. Though the Market had largely anticipated the executive orders, ...
Today, around 31,000 Bitcoin options worth $3.19 billion are set to expire, reflecting significant Market activity. The put-call ratio stands at 0.48, with a maximum pain point at $100,000. Bitcoin’s price remains above $100,000, amid speculation about its potential as a reserve asset for the U.S. government. Policy changes under the new Trump administration may ...
