IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.

The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.

The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.

If I understand correctly, they are not buying anything but hold their seized funds

Is it over?
Bear market now?

Market nuking of course

⚡️🇺🇸 #BTC President Trump signs an Executive Order establishing the Strategic Reserve of Bitcoin for the United States

For me it appears that Trump thinks he kept his promise with this exec order.

Sell off is less extreme than I thought so far

Pretty sure this is not how it goes

Leaving this $ETH chart here. Double support.

Unless we dump crazy tomorrow, this should hold.

If we break, it is over. Literally

Next days will be fun.

"The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers. "

They can purchase more BTC.

I think alt season is cancelled or at least delayed again.

We will see a crazy day

Maybe the 11% were right in the end

If we reclaim 89k, I think this was a fakeout.

Alts still are hovering above major supports.

So far alts are outperforming btc with bearish alt news and bullish btc news

+SIZE OF RESERVE: Current US BTC balance available for re-purpose into a reserve is max 86k BTC, only 43% of current gov. holdings. that’s because of the ~198k BTC now held by USG, 112k BTC will be returned to bitfinex: Head of Research at Galaxy Research

PA rather bullish after this news yesterday IMO.

I thikn everyone is waiting for the conference today. This will really decide where we are heading