Us

Hayes cast doubt on the idea that the U.S. would proactively build a “strategic Bitcoin reserve,” beyond the nearly 200,000 BTC already in its possession.
The United States is unlikely to significantly increase its Bitcoin holdings, says BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors.
In a May 1 interview, Hayes cast doubt on the idea that the U.S. would proactively build a “strategic Bitcoin reserve,” beyond the nearly 200,000 BTC already in its possession—assets primarily seized from criminal investigations such as the Silk Road and Bitfinex cases.
“The United States is a deficit country,” Hayes said. “the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin.”
Arthur Hayes Says U.S. Bitcoin Buying Unlikely
While the U.S. government officially holds over 198,000 BTC worth more than $18 billion, Hayes believes expanding those reserves through direct purchases is politically implausible.
He said it would be difficult for any “properly elected” official to justify printing more money to buy Bitcoin.
“Especially when the popular narrative is a bunch of Bitcoin bros going to the club,” Hayes added. “Is that really what you want people to think about your policy?”
The comments come weeks after former President Donald Trump signed an executive order to establish a U.S. strategic Bitcoin reserve, sparking debate over whether the move signals long-term institutional support or is more symbolic.
$BTC
$TRUMP
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BTC Traders: Don’t Rush to Short—A Crucial Night Ahead

Bitcoin (BTC) $BTC has shown strong upward momentum, recently breaking above the $97,000 level. As of now, it is hovering around $97,400—just shy of the $98,000 target that was initially projected. While this surge may tempt many to short BTC $BTC at current levels, it is crucial to proceed with caution.

Why You Shouldn’t Rush Into a Short Position

Tonight marks a critical moment for the markets: the release of the U.S. Non-Farm Payroll (NFP) data at 8:30 PM. Historically, such major economic indicators have caused sharp and unpredictable market movements. These reports often lead to increased volatility as traders digest the implications for economic growth and future Federal Reserve policy.

Possible Scenarios Post-NFP

If the NFP data comes out favorable, indicating a strong U.S.#US labor market, BTC could see a further rally—potentially breaking through the $98,000 mark. In such a scenario, shorting prematurely could result in substantial losses, as bullish momentum may continue through the data release.

What Happens After Tonight?

Following tonight’s data, we anticipate that Bitcoin’s upward momentum may start to cool. A healthy market correction is expected once BTC $BTC has exhausted its short-term bullish potential. This could provide a more strategic opportunity for short positions.

Keep an Eye on May 8—The Interest Rate Wildcard
Another major factor looms on the horizon: the upcoming Federal Reserve interest rate meeting on May 8. This event carries significant weight, as the outcome—whether a rate cut or a pause—could strongly impact the cryptocurrency market. Since it is inherently unpredictable, traders should prepare for volatility and remain adaptive in their strategies.

Conclusion

With BTC near its predicted short-term high and major economic events unfolding, now is not the time to rush into trades. The wisest strategy is to wait, observe market reactions to the NFP data, and plan your next move based on confirmed trends. Stay patient, stay informed, and remember that in trading#TradingCommunity , timing is everything.

#BTC Crypto Daybook Americas: Bitcoin Eyes Breakout as Fed, Jobs Report Take Center Stage
Welcome to your morning crypto briefing with Crypto Daybook Americas, your go-to guide for overnight market developments and what’s ahead. Delivered daily at 7 a.m. ET, this update brings sharp, actionable insights to start your trading day right. Not signed up yet? You’re missing out—subscribe now!
By Francisco Rodrigues | Times in ET unless noted
Bitcoin (BTC) #BTC is showing bullish momentum as it approaches the $97,000 mark, riding on the back of a broader market rally that saw U.S. equities notch an eighth straight day of gains Thursday. The S&P 500’s longest winning streak since August reflects growing optimism around easing U.S.-China trade tensions. #US
Despite that optimism, the CoinDesk 20 (CD20) index has stayed relatively flat over the past day. A slowdown in Q1 GDP is keeping concerns about trade-related economic pressure alive. Market participants are now pricing in the possibility of four Fed rate cuts this year—up from three before the latest tariff headlines. However, a hotter-than-expected reading in the Fed’s favored inflation gauge, the PCE index, may cap how aggressively the central bank can ease, according to CoinShares' Head of Research, James Butterfill.
Butterfill underscored the importance of Friday’s U.S. jobs report, calling it a "pivotal factor" for monetary policy direction.
“The Fed will likely act with urgency only in response to a pronounced downturn, rather than moving preemptively,” he said. “Such a sharp pivot could become a trigger for bitcoin to break out, as investors turn to hard assets in a looser monetary environment.”
That scenario would be consistent with seasonal trends. Historical data from CoinGlass shows BTC averages a 7.52% gain in May since 2013. Ether (ETH), which has lagged behind BTC recently, typically surges even more in May—averaging a 27.3% rise since 2016, making it Ethereum’s most favorable month. #ETH
“Market sentiment is improving after a rocky Q1,” said Vijay Chetty, CEO of Eclipse. “April marked a strong recovery as macro worries faded, and increased regulatory transparency is quietly laying the groundwork for institutional adoption,” he added. #CEO
Stay sharp and watch the data—this could be a pivotal moment for crypto. $BTC