Did the US Treasury Just Pull Plug on US Strategic Bitcoin Reserve?

DOJ reviews legal authority for the US Strategic Bitcoin Reserve with federal agencies. Treasury and Commerce continue discussions over oversight of national Bitcoin holdings. Congress considers BITCOIN and ARMA Acts to establish the reserve through legislation. The U.S. Department of Justice is working with the Treasury and Commerce departments to establish a Strategic Bitcoin Reserve […] The post DOJ Advances US Strategic Bitcoin Reserve With Treasury, Commerce appeared first on Live Bitcoin News.

Bitcoin came off two-week highs while US stocks dipped and John Bollinger described BTC price action as "at a critical point."

Bitcoin ETFs reversed a $1.7B outflow streak with $352M in weekly inflows. Here's what the flow data and technicals say about BTC's next move toward $70,000–$73,808. The post Bitcoin ETFs Snap 5-Day Outflow Streak With $352m Inflows: Is Wall Street Money Coming Back? appeared first on 99Bitcoins.

The post Bitcoin Price Analysis: BTC’s Structure Remains Bearish Until This Key Level Is Reclaimed appeared on BitcoinEthereumNews.com. Bitcoin continues to recover from its recent sell-off, but the market remains trapped beneath a major resistance cluster that has capped every relief rally since the June breakdown. While short-term momentum has improved, BTC is now approaching a decisive area where the next move could determine whether the recovery evolves into a larger trend reversal or remains a corrective bounce within a broader bearish structure. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin remains in a clear downtrend, trading below the 100-day and 200-day moving averages, both of which continue to slope lower. The recent recovery from the $58K-$61K demand zone has helped stabilize the price action, but the asset is still trading beneath the major resistance area between $64K and $66.5K. It recently formed another higher low inside the broader support r

Bitcoin continues to recover from its recent sell-off, but the market remains trapped beneath a major resistance cluster that has capped every relief rally since the June breakdown. While short-term momentum has improved, BTC is now approaching a decisive area where the next move could determine whether the recovery evolves into a larger trend reversal […]

The post Over 50% of Bitcoin’s Supply Held at Loss Signals Cycle Bottom is Close: K33 appeared on BitcoinEthereumNews.com. The growing Bitcoin supply held at a loss suggests that the crypto market is nearing its cycle bottom, according to digital asset brokerage company K33. Over 50% of all Bitcoin (BTC) is currently held at a loss, K33 said in a report published Tuesday. K33 added that because the past year’s bull market was less extreme than previous cycles, the current downturn could also be less severe. Historically, when more than half of the circulating supply has been underwater, Bitcoin has tended to be in the late stages of a bear market, making the metric one of several indicators analysts use to assess whether selling pressure may be nearing exhaustion. Percent of the circulating BTC supply in loss. Source: K33 Past Bitcoin cycles bottomed within weeks of the signal K33 said previous bear markets typically bottomed within weeks of more than half of Bitcoin’s supply being hel

The post Bitcoin Holds Near $63K as Coffee Outshines Crypto and Gold appeared on BitcoinEthereumNews.com. Bitcoin News Bitcoin (BTC) traded quietly this week even as the single best trade across global markets came from an unlikely place: the coffee aisle. While Bitcoin and gold absorbed most of the attention, arabica coffee delivered a move neither could match, jumping in one session by a margin that dwarfed the crypto majors. For traders tracking Bitcoin as a macro barometer, the contrast is instructive: the flagship digital asset posted a steady but modest advance, while a soft commodity staged one of the largest daily rallies of the century, underscoring how rotation into hard assets is reshaping this cycle. The commodity that stole the spotlight was arabica coffee, which surged 16.19% on Monday for its biggest single-day gain this century and closed at a 5.5-month high. Robusta contracts climbed 8.83% in the same session to a five-month peak. The advance lifted coffee futures roug

CleanSpark's self-funded growth and substantial BTC holdings position it well for future gains, but also risk balance sheet strain if BTC values drop. The post CleanSpark increases Bitcoin holdings by 454 BTC to 13,924 BTC appeared first on Crypto Briefing.