#TrumpBTCTreasury The current market seems to be buzzing with excitement around TrumpBTCtreasury. Let's break down what's happening ¹:
- *Bitcoin Price*: Bitcoin is trading above $85,000, with a 1.48% increase from the previous day. This surge is partly due to the US government's plans for a Strategic Bitcoin Reserve and New York's proposal to accept Bitcoin for state payments.
- *Market Sentiment*: Market sentiment has shifted out of "extreme fear" into the "fear" zone, with the index hovering between 18-45 over the past seven days. This indicates positive dynamics and supports the improvement of market sentiment.
- *Other Cryptocurrencies*: Ethereum is up 0.43% to $1,642.83, while Solana, a network favored by Donald Trump, has increased by 0.54% to $131.80.
- *Institutional Interest*: Institutional interest in Bitcoin remains strong, with recent additions to corporate holdings. However, short-term volatility is expected to persist, and Bitcoin needs to break past the $86,000 resistance level for sustained upward momentum...