US Senator Gives Bullish News for Bitcoin: "Donald Trump Supports the Purchase of 1 Million BTC".
US Senator Cynthia Lummis has expressed support for President Donald Trump's landmark proposal to create a strategic Bitcoin reserve through the purchase of one million BTC, which she says could redefine the country's economic future.
Speaking about the initiative, Lummis expressed strong optimism: "I am particularly pleased that President Trump has supported my strategic Bitcoin reserve initiative, which will address our national debt while securing America's position as a global leader in financial innovation."
According to Lummis, the ambitious plan is not just a hedge against inflation, but also a bold step toward modernizing the U.S. financial system.
Lummis described Bitcoin as a "fantastic new ledger-based asset" that could transform daily commerce.
"As Bitcoin becomes more widely used, its use makes the entire system more secure, more robust and more able to serve our needs around the world," he said.
Addressing the broader social impact, Lummis continued: "What a blessing it is that hardworking people around the world have this wonderful new technology, and that America is leading the way in implementing this wonderful innovation."
Bitcoin is currently in a strong volatility zone after breaching 92,000.
The most important point for achieving a new all-time high is breaching 100,000.
Regarding Bitcoin's high takeover and when it will decline,
The solution is a new all-time high. Bitcoin's takeover will not decline, and the currency will not move strongly upwards until Bitcoin achieves a new all-time high above 92,000.
$BTC Weekend and volatility has still been pretty low for BTC.
Don't think we'll see too much happening now a lot of the headlines have also come in. Trade war cooled off slightly and we've had a lot of data & earnings come in. Stocks had a 9 day win streak for the first time in 20+ years.
Time for the market to digest it all and we'll see next week if buyers want to keep pushing this higher into the $100K region.
🗿 A new Satoshi Nakamoto statue just landed in the Italian town of Fornelli, the fourth one so far. Others already stand in Tokyo, El Salvador’s Bitcoin Beach, and Lugano, Switzerland.
His identity remains a mystery, but his image keeps getting more real, literally. Hardcore maxis can even order a mini version or set up a full-size replica at home. Bitcoin marketing, but make it art.
$BTC Broke out of the $93K-$96K range after price action got compressed for about a week.
So far it's a similar setup as the week before, but I wouldn't want to see it trade back into that $93K-$96K range or this would just be a liquidity grab.
NFP (Jobs) number today which will likely cause more volatility in markets.
What is Real-World Asset Tokenization (RWA)? How does it work and what is its importance in brief? 👇
💼 Real estate, gold, bonds... soon, all on the blockchain.
Real-World Asset Tokenization ⬅️ is the process of converting tangible assets such as real estate and precious metals into digital tokens that can be traded on the blockchain. 🧠
✅ What is its importance?
↙️ Ease of trading: Imagine being able to buy a share in a New York skyscraper for just $100 via the blockchain, instead of needing hundreds of thousands to own the entire property.
↙️ Faster liquidity: Instead of selling the property outright, project token holders can sell their shares on the market in minutes, as projects on Ondo Finance offer.
↙️ Reducing intermediaries: No need for brokers or real estate consultants. Smart contracts regulate everything from ownership to profits, such as the Brickken project, which connects small businesses with investors via blockchain.
⛓️ Tokenizing real-world assets is not just an idea. ⬅️ It's a true investment revolution, opening the door for everyone to invest in assets that were previously exclusive to the wealthy and high-net-worth individuals.
🚀Bitcoin reaches a new high, altcoins face a significant upside opportunity.
With Bitcoin breaking the 93,000 barrier, the path is now paved for a new high this year, especially given the recent widespread adoption of cryptocurrencies. 💥
🔥Morgan Stanley opens the doors to crypto to E*Trade clients, announcing the provision of cryptocurrency trading services to clients of its E*Trade platform.
🔥Also, Roswell, New Mexico, officially became the first US city to establish a strategic Bitcoin reserve, in line with the federal government's move to consider Bitcoin a national reserve asset.
💥Despite all the recent economic turmoil, the cryptocurrency space continues to witness growing interest and significant adoption.
Stocks trade at a key area here. I think the general rule is that if stocks do trade back above the .618 Fibonacci retracement after a big drop, the bottom is considered to be in. Not sure about the exact stats on that but I think it's pretty high.
Even though $BTC has held up better recently, large moves by equities should still influence BTC & Crypto.
🧑💻The real crypto threat isn’t volatility or regulation, but devs leaving. Ethereum dropped from 233 to 190 core devs in a year despite all the money, infra, and AI. It’s not a talent problem. It’s a support problem.
Too many tools, not enough usage. Too much infra, no distribution. We don’t need more hype, we need builders who stay.
Analysts Explain! "Bitcoin ($BTC ) Is Poised for an Explosive Rise! Keep an Eye on These Two Things!"
Leading cryptocurrency Bitcoin (BTC) has experienced a rapid recovery in recent weeks after months of sharp decline.
While BTC rose above $95,000, the total cryptocurrency market value approached $3 trillion.
At this point, while Bitcoin is consolidating between $93,000 and $95,000, analysts think that BTC is preparing for an explosive rise.
Analysts generally predict that prolonged consolidation and negative funding rates could lead to a strong bullish move in Bitcoin, while macroeconomic factors could also influence market sentiment.
Friday's Data is Important!
Speaking to Coindesk, FxPro analyst Alex Kuptsikevich said that prolonged consolidations are good for Bitcoin and set the stage for an upward breakout.
Stating that Friday's non-farm payrolls and unemployment data are very important for the rise, the analyst said that a global catalyst is needed for the rise:
"Such long consolidations typically build strength for further upside. The next big trigger is likely to be Friday's labor market data.
Also, over the last five days, the market has been trading in a very tight range and has shown a tendency towards shallower declines.
"For a boom, global positivity is needed. If that happens, it will pave the way for a rally to $3.5 trillion."
Bullish Signals Are Increasing For Bitcoin!
WOO X research head Pat Zhang also made similar predictions, saying that consolidation is preparation for Bitcoin's rise.
Zhang also stated that funding rates in BTC have been negative for the last week, and that this situation is rare and is interpreted as a bullish signal.
"BTC continues to experience volatility, forming a consolidation range between $93,000 and $95,000 since April 25, and is gaining momentum for a potential breakout.
"Furthermore, the average funding rate for BTC has been negative over the past week, a rare occurrence and indicative of intense whale activity and a potential rally both on and off exchanges."