Bitcoin risks weekly close below $82K on US BTC reserve disappointment

Share via:


Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve.

President Donald Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin (BTC) through market purchases.

The lack of direct federal Bitcoin investment has “led to a near-term negative market reaction and a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Bitcoin risks weekly close below $82K on US BTC reserve disappointment


Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve.

President Donald Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin (BTC) through market purchases.

The lack of direct federal Bitcoin investment has “led to a near-term negative market reaction and a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

IT creates dedicated units for MNCs’ capability centres

In an effort to partly offset their loss...

Forza Horizon 5 will require a Microsoft account on...

The FAQ says that players will be prompted...

Chinese investors privately take stakes in Elon Musk’s companies:...

Wealthy Chinese investors are funneling tens of millions...

Popular

Upcoming Events

Binance announces community voting mechanism for token listings

Binance, the world's largest centralized exchange, has announced...

IT creates dedicated units for MNCs’ capability centres

In an effort to partly offset their loss...

Apple reportedly planning ‘feature-packed’ visionOS 3 update

While we aren’t getting a new Apple Vision...
d.er.sdfdsa d.fesdfrwa.dfa d.er.ssdfdfdsa d.fesdfdfrwa.dfa