Federal Reserve Considers Bitcoin Reserves
Market Trends Highlights
• Bitcoin price rebounded from the low of late July to over $117,500, with a weekly increase of 4.9%
• Current price is $116,650, with a technical pattern showing a bullish flag breakout
• Trading volume stabilized at $57 billion, accounting for 58.25% of the cryptocurrency market
Policy Environment Changes
• Trump nominates crypto supporter Stephen Moore to the Federal Reserve Board
• Federal Reserve considers establishing a Bitcoin strategic reserve through valuation gains from gold reserves for the first time
• White House releases the first crypto policy report, clarifying the regulatory framework
Institutional Capital Trends
• Institutional investors net bought 30,000 BTC within 48 hours at the end of July
• Harvard University invested $116 million to purchase Bitcoin ETF
• Mainstream financial institutions are forming a consensus that Bitcoin is a new type of reserve asset
