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BitcoinSistemi 2025-04-23 11:07:08

Donald Trump's Deadline for the Strategic Bitcoin Reserve Will Expire in Two Weeks! What Does It Mean for BTC?

Donald Trump's Deadline for the Strategic Bitcoin Reserve Will Expire in Two Weeks! What Does It Mean for BTC?

Leading cryptocurrency Bitcoin (BTC) has made a major recovery after falling sharply following US President Donald Trump's announcement of sweeping tariffs on many countries, including China. The catalysts for this recovery were Bitcoin's decoupling from US risk assets, its greater correlation with gold, increasing discussions about the FED's independence, and positive signals regarding the US's tariff negotiations with China. Apart from these catalysts, Trump’s expectation of more clarity regarding the strategic Bitcoin reserve also contributed to Bitcoin’s rise, as clarity and details regarding the US Bitcoin reserve are expected to be announced in less than two weeks. Speaking to Bloomberg, Vetle Lunde, Head of Research at K33 Research, noted that there are less than two weeks left before the 60-day deadline set forth in Donald Trump’s executive order on the Strategic Bitcoin Reserve expires. “Trump's 60-day deadline for SBR is set to expire in less than two weeks.” Lunde stated that the increasing expectation regarding the BTC reserve, combined with the discussions on FED independence, supported the rise, and that investors were expecting a further rise. “Rumors about FED independence combined with strategic BTC reserve have positive side effects on price. “Following the price recovery, we are seeing early and healthy signals in the market that there is a desire to re-enter long positions in Bitcoin.” As you may recall, Trump signed a regulation in early March calling for the creation of a Bitcoin reserve and a separate strategic stock for altcoins like XRP. In this executive order, Trump also ordered Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to investigate how the country could finance additional Bitcoin purchases without costing taxpayers a dime. He asked them to evaluate the legal and investment considerations for the BTC and altcoin plan. “Our derivatives desk saw an increase in volumes following the break above $90,000, with sentiment shifting from downside protection to call buying,” Ravi Doshi, co-head of markets at cryptocurrency platform FalconX, said. But it’s still worth being careful: According to Deribit data, open interest in Bitcoin puts at $70,000 remains high in the short term. *This is not investment advice. Continue Reading: Donald Trump's Deadline for the Strategic Bitcoin Reserve Will Expire in Two Weeks! What Does It Mean for BTC?

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