Bitcoin currency decreases to less

Bitcoin fell to less than 95,000 dollars on Tuesday, and continued in the declining direction that started four weeks ago when it reached its climax in a record number of 109,200 dollars.

Bitcoin (BTCIt decreased with a decrease in strategic bitcoin reserves, or SBR, in the United States on Polymark.

A Polymarket A poll of more than $ 6.9 million in assets developed the chances that Donald Trump will create SBR in the first 100 days by 12 %. The possibilities in a strong declining direction since its peak were 40 % in January.

last reconnaissance It showed that the possibility of a strategic Bitcoin reserve law in Texas decreased this year to 38 % above 60 %. Like reconnaissance These difficulties are placed at 41 %.

These possibilities remained low, as the Senate held in the state hearings on the construction of the reserve, and interviews with experts and government observer. Located in other states, including Wisconsin, Arizona, Florida, Alabama and Wuwmang, presented draft laws to create similar reserves.

The Trump administration consults whether it will establish a strategic bitcoin reserve. Investment capitalist David Sachs, who works as a management encryption and artificial intelligence Caesar confirmed that these deliberations are continuing.

One of the potential options is to create the strategic fund using the Bitcoin that the government seized. Data from Bitcointreasuries He explains that the United States government has 198,109 BTC, at a value of $ 18 billion. The government may also get Bitcoin through the recently formed sovereign wealth fund.

SBR from the US government will be important, as other countries can encourage their example. China has 190,000 BTC worth $ 18 billion, while the UK has 61,245 BTC with a value of $ 5.8 billion. Additional purchases can occur at a time when Bitcoin mining is difficult and demand during the exchange of exchange balances.

Bitcoin price style indicates an increase

The daily graph shows that BTC has been in a narrow range during the past few months, sitting over the moving average for 100 days.

It is worth noting that Bitcoin has formed a loudspeaker pattern, which is a famous upscale index. This style consists of two different trend lines and usually precedes a strong outbreak after testing the underside of the channel.

This style is in line with the format of the cup of cup and the separation of the weekly graph, indicating that bitcoin can refresh in the coming weeks.