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Bitcoin Surges Toward $119K as Treasuries Snap Up 28K $BTC in 48 Hours! 🚀

Bitcoin ($BTC ) is back in the spotlight, rebounding nearly 3% from post-FOMC lows and eyeing a massive $119,000 target. Markets are buzzing with excitement over a potential U.S. strategic Bitcoin reserve, overshadowing Fed Chair Jerome Powell’s hawkish stance on interest rates. 🏦

While the Fed holds rates steady and downplays September cuts, corporate Bitcoin treasuries are going all-in, adding ~30,000 BTC in just two days (July 29-30). 📈 Capriole Investments notes institutional buying hit 97% of transactions, a level not seen since August 2020. “Those who know, know,” says founder Charles Edwards. 💡

Robert Hines, from the U.S. President’s Council on Digital Assets, fueled the rally, confirming the White House’s Bitcoin reserve plans will kick off “in short order.” 🇺🇸

Despite $500M in crypto liquidations, the bulls are charging. Are we on the cusp of a historic breakout? 📊