$BTC Bitcoin Breaks Above $91K — Bulls in Full Control!
{spot}(BTCUSDT)
$BTC /USDT
Current Price: $91,215.66 (+5.02%)
Category: POW | 24h Volume: 35.12K BTC / $3.14B USDT
Bitcoin is charging ahead with strength, reclaiming the $91K zone after bouncing from the $86.7K low. The breakout is backed by rising volume and bullish momentum.
Technical Snapshot:
24h High: $91,666.00
24h Low: $86,712.50
SAR: $88,629.28 — trend remains bullish above this
Short-Term Depth Strength: 5.42%
BTC Targets to Watch:
$92,500 — Immediate breakout level, short-term resistance
$94,800 — Key resistance from earlier rejection zones
$97,200 — Target from upward channel continuation
Why Bulls Are Excited:
Price holding well above SAR = trend still in play
Volume > $3B = institutions likely active
BTC dominance rising = altcoins may lag temporarily
As long as BTC holds above $89,000, bullish bias remains valid.
#BTCNextATH #MarketRebound #BinanceAlphaAlert #TrumpVsPowell #USStockDrop
Bitcoin remains under pressure from long-term sellers
But there is good news: according to the Glassnode chart, if their pressure decreases by another 0.1%, we will get a yellow bar, which is quite rare in the history of BTC, which means going below the pressure zone
The peak sell-offs in this cycle occurred at the levels of $500,000 and $97,000
Thus, the $BTC -ship may soon leave the bear cove to the open sea.
COULD XRP BECOME A U.S STRATEGIC RESERVE ASSET!
XRP becoming a U.S. strategic reserve asset is a possibility that's gaining traction in the finance and crypto world. Here's what we know so far !
Proposal Submission: A proposal was submitted to the U.S. Securities and Exchange Commission (SEC) by Maximilian Staudinger, suggesting XRP as a strategic financial asset to unlock trillions in liquidity, cut transaction costs, and enhance America's financial standing.
Potential Benefits: The proposal claims that integrating XRP into the U.S. financial system could:
Unlock Capital: Free up $1.5 trillion in capital by replacing liquidity buffers with XRP in global Nostro accounts.
Transaction Savings: Generate $7.5 billion in annual transaction savings.
Government Payments: Facilitate government payments, including IRS tax refunds and Social Security distributions.
Regulatory Overhaul: To make XRP integration feasible, the proposal calls for:
SEC Classification: Classifying XRP as a payment asset.
Settlement with Ripple: Reaching a settlement with Ripple.
Removing Barriers: Eliminating restrictions preventing banks from utilizing XRP-based financial solutions.
Industry Reaction: Industry watchers estimate a 50% chance that XRP could be added to a federal reserve strategy, with some experts believing it could drive mainstream adoption and enhance XRP's reputation among financial institutions.
Market Impact: XRP's price surged temporarily after the proposal, reflecting investor confidence in the government's potential adoption of XRP as a strategic reserve asset.
While this proposal is promising, it's essential to note that it's still in the early stages, and its feasibility is uncertain. The outcome will depend on various factors, including regulatory approvals and the U.S. government's stance on cryptocurrencies .#xrp #MarketRebound $XRP