šØ
#bitcoin Surges Amid US Reserve Speculation šØ
Bitcoin saw wild price action after Senator Cynthia Lummis
teased a major crypto announcement, sparking speculation
about a possible US Bitcoin reserve. š
š Key Developments:
*/
#Lummis posted: āBig things are coming,ā fueling market
excitement.
*/ Traders speculated it could align with Trump's Davos
speech, but no crypto mentions surfaced.
*/
$BTC spiked $4,000 but quickly pulled back as speculation
cooled.
š„ Market Impact:
*/ $20M in short positions liquidated as BTC briefly tested highs.
*/ Odds of a US Bitcoin reserve on Polymarket hit 40%.
*/ Analysts warn of potential market manipulation risks.
With uncertainty lingering, traders are watching for official statements. Is this the start of something big, or just hype?
#BitcoinReserve #BTCStateReserves #Write2Earn