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March 6, 2025
US President Donald Trump could issue an executive order as soon as March 7 to create a reserve for the country to buy Bitcoin, Bloomberg reports.
The market is still assigning a relatively low probability to the creation of a national crypto reserve, Sygnum Bank’s head of research said.
The White House’s crypto summit could reveal important details about the Trump administration’s forthcoming crypto policies, including plans for a BTC reserve.
Core Scientific sealed a $100 million deal with CoreWeave in March 2024 to provide data center services.
With roughly eight months until a November election, a Stand With Crypto poll suggested that the organization’s New Jersey advocates could determine who will be the next governor.
A US crypto reserve could offer “cover” to institutional investors, like pension funds, which have been hesitant to invest in crypto.
Bitcoin ETFs continue limiting BTC’s recovery as institutional investors have pulled back, “reacting to macroeconomic uncertainties,” such as Trump’s trade tariffs.
Brazilian fintech unicorn Meliuz has reportedly purchased Bitcoin worth millions of dollars as part of its new treasury strategy to maximize long-term shareholder value.
Bitcoin’s breach of $90,000 support increases the chance of a liquidity grab below the price range lows.
“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” crypto regulations experts told Cointelegraph.
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