The Dollar Lab

BTC PRICE TO HIT A NEW ATH SOON ! The US Treasury Secretary Scott Bessent is expected to submit a report on the Strategic Bitcoin Reserve today, May 5, 2025, as mandated by President Donald Trump's executive order on March 6, 2025. This report could significantly impact the Bitcoin market and potentially drive up the price. Key Points: Strategic Bitcoin Reserve Report: The report will outline a comprehensive plan for establishing and managing a Strategic Bitcoin Reserve, leveraging seized assets. Potential Impact on BTC Price: Experts anticipate a major rally, with some predicting Bitcoin's price to surge past $100,000 and reach a new all-time high of $120,000 or more. Global Economic Implications: The report's outcome could influence other governments to reassess and potentially reshape their financial policies, setting a precedent for integrating cryptocurrencies into national financial strategies . Current Bitcoin Price: The current Bitcoin price is $94,104, down 1.38% today, but with a 12.8% surge over the past month. As of 6:18 PM WAT, the price is around $94,127.94, with a market cap of $1.89 trillion .#BitcoinReserveDeadline #BinanceLaunchpoolSXT $BTC