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The US government’s stance on Bitcoin as a potential strategic reserve is under scrutiny following recent statements from Crypto Czar David Sacks. His remarks at a press conference and on social media have fueled speculation that the administration might be reconsidering its $BTC Reserve plan. Meanwhile, debates among crypto communities are intensifying, with some arguing that the focus may now be on broader digital assets rather than just Bitcoin. David Sacks Spark Uncertainty Over US Bitcoin Strategic Reserve During a recent press conference, David Sacks addressed the administration’s plans for digital assets, highlighting President Trump’s directive to explore the feasibility of a Bitcoin reserve. At the same time, this acknowledgment initially excited investors, but Sacks’ cautious language raised concerns. He stated that the administration would “evaluate” the idea of a Strategic Bitcoin Reserve, emphasizing that the feasibility study was among their first priorities. This phrasing led many market watchers to believe that the government is not fully committed to Bitcoin as a reserve asset but is merely assessing its viability. Meanwhile, financial market expert Jim Bianco was quick to point out the shift in tone, stating that Washington often uses terms like “evaluate” when they do not intend to take action. He noted that Trump had previously suggested a Bitcoin reserve, not just an evaluation, leading to speculation that the plan might be stalling. Pro-XRP Lawyer Weighs In Amid Bitcoin Vs Digital Asset Debate Adding to the uncertainty, David Sacks’ recent post on X detailed his discussions with lawmakers about supporting digital assets. Notably, Bitcoin was mentioned only once, while “digital assets” was referenced multiple times. This has sparked debates over whether the administration is shifting from a Bitcoin-exclusive focus to a broader digital asset reserve. Renowned pro-XRP lawyer Fred Rispoli weighed in, suggesting that the administration’s repeated mention of “digital assets” could indicate that Bitcoin will not be the sole focus. He speculated that multiple cryptocurrencies might be included in any potential reserve, though specific mentions of $XRP or other tokens were absent. Bitcoin Dips Amid Ongoing Uncertainty $BTC price today recorded a sharp decline following David Sacks’s comment, with it currently trading at $97,872. The crypto’s one-day trading volume also plunged 20% to $66 billion. Notably, BTC has touched a low of $96,208 and a high of $100,807 in the last 24 hours. Notably, many traders had anticipated a more definitive stance on Bitcoin as a strategic reserve, and the ambiguity in Sacks’ statement contributed to uncertainty. The debate has also fueled tensions between Bitcoin maximalists and the XRP community previously, with both sides arguing over which digital assets should be included in any future US reserve plan. While some believe Bitcoin remains the frontrunner, others argue that a diversified digital asset reserve could be more beneficial. On the other hand, President Donald Trump’s past remarks on crypto have played a crucial role in shaping expectations. He has suggested that the US might explore a “US Crypto Reserve,” but without explicitly endorsing Bitcoin. This ambiguity leaves room for multiple interpretations, with investors now keeping a close track of the US Bitcoin Reserve possibilities.

Bitcoin is trading above the $97,000 price level, with less than a 1% drop in the last 24 hours. The increased RSI divergence indicates a weakening BTC price momentum. Bitcoin is witnessing price fluctuations and is struggling to keep pace with its previous price ranges. Its price is trading close to the $98,000 price level, with less than 1% drop in the last 24 hours. The price drop triggered by uncertain global macroeconomic conditions hasn’t fully recovered yet. As per the recent Matrixport report, the BTC price shows a notable divergence from its RSI market indicator. The consolidating RSI indicates a weakening momentum of Bitcoin. And, the report further says that BTC offered buying opportunities when RSI dropped nearly to 40%. Since the present RSI has only dropped to around 48%, this might not yet be the best time to enter long positions. The Matrixport report suggests investors to be patient and wait for an optimal entry point into the BTC market. This implies we might witness the BTC price to drop in the coming few hours. Bitcoin is trading at $97,923 at press time with no significant ups or downs in the last 24 hours. While its market cap is $1.94 trillion, 24-hour trading volume dropped by 20% and it is hovering around $64,6 billion. Bitcoin Struggles to Get Back Up Amidst Global Uncertainty With the new Trump administration in the US, crypto is about to face a huge shift in the coming months. The crypto community is awaiting a friendly regulatory framework and a potential Bitcoin reserve as promised by Donald Trump. However, the recently signed crypto executive order stated that the Presidential Working Group will be evaluating the creation of a Bitcoin strategic reserve. The term “evaluation” is causing uncertainty for the crypto proponents. Commenting on the same, macro strategist Jim Bianco posted on X stating, “Wait, Trump said he would do a BTC reserve, not promise to ‘evaluate it.’ Evaluate/Study is what Washington does when they don’t want to do something.” However, Crypto & AI Czar David Sacks said that evaluating a BTC reserve is one of their top priorities, in his latest interview with CNBC. He even called Bitcoin an excellent store of value, reminding it’s the first and original digital currency. Nonetheless, it is worth waiting and watching what happens to the BTC price next. $BTC

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The US government’s stance on Bitcoin as a potential strategic reserve is under scrutiny following recent statements from Crypto Czar David Sacks. His remarks at a press conference and on social media have fueled speculation that the administration might be reconsidering its $BTC Reserve plan. Meanwhile, debates among crypto communities are intensifying, with some arguing that the focus may now be on broader digital assets rather than just Bitcoin. David Sacks Spark Uncertainty Over US Bitcoin Strategic Reserve During a recent press conference, David Sacks addressed the administration’s plans for digital assets, highlighting President Trump’s directive to explore the feasibility of a Bitcoin reserve. At the same time, this acknowledgment initially excited investors, but Sacks’ cautious language raised concerns. He stated that the administration would “evaluate” the idea of a Strategic Bitcoin Reserve, emphasizing that the feasibility study was among their first priorities. This phrasing led many market watchers to believe that the government is not fully committed to Bitcoin as a reserve asset but is merely assessing its viability. Meanwhile, financial market expert Jim Bianco was quick to point out the shift in tone, stating that Washington often uses terms like “evaluate” when they do not intend to take action. He noted that Trump had previously suggested a Bitcoin reserve, not just an evaluation, leading to speculation that the plan might be stalling. Pro-XRP Lawyer Weighs In Amid Bitcoin Vs Digital Asset Debate Adding to the uncertainty, David Sacks’ recent post on X detailed his discussions with lawmakers about supporting digital assets. Notably, Bitcoin was mentioned only once, while “digital assets” was referenced multiple times. This has sparked debates over whether the administration is shifting from a Bitcoin-exclusive focus to a broader digital asset reserve. Renowned pro-XRP lawyer Fred Rispoli weighed in, suggesting that the administration’s repeated mention of “digital assets” could indicate that Bitcoin will not be the sole focus. He speculated that multiple cryptocurrencies might be included in any potential reserve, though specific mentions of $XRP or other tokens were absent. Bitcoin Dips Amid Ongoing Uncertainty $BTC price today recorded a sharp decline following David Sacks’s comment, with it currently trading at $97,872. The crypto’s one-day trading volume also plunged 20% to $66 billion. Notably, BTC has touched a low of $96,208 and a high of $100,807 in the last 24 hours. Notably, many traders had anticipated a more definitive stance on Bitcoin as a strategic reserve, and the ambiguity in Sacks’ statement contributed to uncertainty. The debate has also fueled tensions between Bitcoin maximalists and the XRP community previously, with both sides arguing over which digital assets should be included in any future US reserve plan. While some believe Bitcoin remains the frontrunner, others argue that a diversified digital asset reserve could be more beneficial. On the other hand, President Donald Trump’s past remarks on crypto have played a crucial role in shaping expectations. He has suggested that the US might explore a “US Crypto Reserve,” but without explicitly endorsing Bitcoin. This ambiguity leaves room for multiple interpretations, with investors now keeping a close track of the US Bitcoin Reserve possibilities.

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