US Bitcoin reserve during Trump presidency could pump BTC to $1M
The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows
BlackRock's IBIT led Thursday's net outflows with $254.1 million, while four other funds also witnessed withdrawals.
Hyperliquid Strategies expands stock buyback program to $100M as PURR shares fall over 30%
Hyperliquid Strategies increases its stock buyback authorization to $100 million as PURR shares decline over 30% and HYPE falls mo...
Bitcoin ETFs Bleed $636 Million as October Turns Red Again
Spot Bitcoin ETFs lost $635.6 million on Thursday, their biggest outflow of the month, pushing October flows back to a loss of abo...
Crypto Whale Activity: $7.2M Flows Into 9 Altcoins as PUMP and ENA Face Selling Pressure
Crypto whale activity is sending unusual signals across the altcoin market. One whale deployed $7.22 million across nine coins, in...
Ripple Makes a Shock SEC Move After $150M XRP Fight as OCC Unveils GENIUS Act Rules
In an October 20 comment letter, Ripple supported the proposed framework while requesting changes to how federal securities law tr...
Tether’s mining development kit gets backing from 15 mining firms
Tether's MDK initiative could revolutionize Bitcoin mining by fostering interoperability and automation, potentially reshaping ind...