coinpedia 2025-05-28 23:26:50

Pakistan to Launch Strategic Bitcoin Reserve: Will BTC Price Regain Bullish Momentum?

The post Pakistan to Launch Strategic Bitcoin Reserve: Will BTC Price Regain Bullish Momentum? appeared first on Coinpedia Fintech News The Pakistan government is preparing to launch a strategic Bitcoin (BTC) reserve to ensure long term economic prosperity. The announcement was made at the Bitcoin 2025 Conference on Wednesday at the Venetian Convention Center in Las Vegas by Bilal Bin Saqib, the special assistant to the Pakistani prime minister on blockchain and cryptocurrency. Saqib announced that Pakistan will establish a strategic Bitcoin reserve and never sell its BTC trove in future. Furthermore, Pakistan wants to follow in the footsteps of the United States, which intends to implement a strategic Bitcoin reserve to deal with the high debt burden. “We are getting inspired by the U.S. government. We will be holding these Bitcoins and we will never, ever sell them,” Saqib stated . What Next For Bitcoin Price Action? Bitcoin price experienced a significant resistance level above $110k in the past few days, thus resulting in the ongoing market correction. The flagship coin dropped over 2 percent in the past 24 hours to trade about $107k on Wednesday, May 29, during the late North American trading session. Bitcoin price has experienced relentless bearish pressure since last Friday, despite the notable accumulation by institutional investors. Furthermore, more institutional investors, led by GameStop, have joined Strategy in acquiring more BTCs as a hedge against inflation. https://x.com/techcharts/status/1927791497090363555?s=46 According to market analyst, Aksel Kibar, Bitcoin price must clear the resistance hurdle around $109k, in the weekly timeframe, to invalidate a potential retrace towards $76k. Moreover, BTC price could be forming a potential double top coupled with bearish divergence of the weekly Relative Strength Index (RSI).

Meist gelesene Nachrichten

Cardano at critical level: $0.60 slump could...
2025-06-03
DeFi Technologies' subsidiaries reports $812M...
2025-06-03
ZachXBT links LiFi volume surge to DPRK laund...
2025-06-03
HYPE Coin Hits All-Time High in Q2 with Binan...
2025-06-03
Ripple RLUSD May Gain Regulatory Traction Fol...
2025-06-03
Ethereum Price Analysis: Can ETH Finally Over...
2025-06-03
Red alert: Cardano price at risk of crashing...
2025-06-03
Tether Invests in Chilean Crypto Exchange Ori...
2025-06-03

Ähnliche Neuigkeiten

Cardano price target: bullish setup forms with $2....
03 Jun 2025
Hyperliquid (HYPE) Price Retests $37 Amid Bullish...
03 Jun 2025
Chainlink Price Prediction Expert Confession: ‘I’v...
03 Jun 2025
Metaplanet Tops Japan’s Stock Market for the First...
03 Jun 2025
Kraken May Enhance Institutional Trust with Comple...
03 Jun 2025
Here’s how Bitcoin will drop to $40,000, according...
03 Jun 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen