Bitcoin Strategic Reserve Initiated, Bull Market Approaching?
Trump once claimed he would use cryptocurrency to make America great again, and he also announced that he would treat cryptocurrency as a strategic resource for the U.S.! At this moment, a historic step has arrived! Bitcoin has officially entered the state government's 'treasury'. A small state with big ambitions, New Hampshire has taken the lead in passing the Bitcoin Strategic Reserve Act, igniting the spark for a transformation in the financial landscape.
Today, the crypto market has seen a general rise, led by Bitcoin, which surged to a new high of $99,333 since March, while Ethereum reached $1,916 and Dogecoin hit $0.18. This is also related to the Ethereum upgrade on May 7, the interest rate decision (no rate cut) early on May 8, and Trump's major speech scheduled for tonight,
The continuous stream of positive news is directly related to the rise in cryptocurrency prices. All signs indicate that the bull market is still ongoing and there is potential for further increases.