1. The U.S. stock market continues to plummet, Trump states: he doesn't care about the stock market, and the decline is due to global investors selling off.
$BTC rebounded to 93,000 but has also started to plummet, briefly falling below 85,000.
The main reason: due to the U.S. strategy that Bitcoin reserves will not actively acquire additional Bitcoin.
Tonight, the major non-farm payroll data will be released, and it is difficult to expect any positive news.
If the data is too good, it will be interpreted as no interest rate cuts; if the data is too bad, it will be seen as an economic recession; only meeting expectations is a viable option.
2. President Trump signs an executive order to officially establish a Bitcoin strategic reserve.
This includes digital assets other than Bitcoin that have been seized in criminal or civil litigation.
Apart from assets obtained through confiscation procedures, the government will not acquire other assets for the reserve.
The purpose of the reserve is to manage the government digital assets under the leadership of the Treasury Department.
