Related: Bitcoin futures 'deleveraging' wipes $10B open interest in 2 weeks“This would be his first major update since March 6th, when the national crypto reserve was established,” trading resource The Kobeissi Letter summarized in an X post on the topic. “Rumors state President Trump may be making a significant change to his strategy.”When Trump signed an executive order to create a Strategic Bitcoin Reserve earlier this month, markets stayed surprisingly cool as it emerged that the plan would not necessarily involve the US buying BTC.
However, with the latest daily close above key resistance trend lines, cause for optimism was quickly returning.“Bitcoin only needs to rally an additional +8% to position itself for a reclaim of the Range above and end this downside deviation,” popular trader and analyst Rekt Capital reported.“Is that a lot, considering BTC is up almost +13% since last week's lows? ”BTC/USD 1-week chart.
Policymakers confirmed that they envisage two cuts by the end of 2025, with Fed Chair Jerome Powell describing inflation as having “eased significantly.”“We do not need to be in a hurry to adjust our policy stance, and we are well positioned to wait for greater clarity,” he said in an opening statement before a press conference that followed the rates decision.
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Author / Journalist: Cointelegraph by William Suberg
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