Bitcoin is trading within a tight $89,822 to $91,839 range, stabilizing around $90,000 as the market digests the latest price action. The broader crypto market slipped about 0.55% over the past 24 hours, while Ethereum stayed above $3,000 and XRP traded above $2. Solana and Dogecoin showed little directional momentum. A key driver of sentiment has been the U.S. government’s signal that seized Bitcoin may be held as a strategic asset rather than sold.
Scott Bessent, the hedge fund manager, said the government will retain BTC that has already been seized, signaling a shift toward treating Bitcoin as a national asset. He added that halting sales does not imply new purchases. This stance marks a notable shift in policy posture at the federal level and could influence market expectations.
State-level moves and policy discussions, including Florida’s plan to reintroduce related legislation in 2026, reinforce the trend toward a safety asset narrative. Ark Invest CEO Cathie Wood has floated the possibility that a future Trump administration could buy Bitcoin for a strategic reserve, a prospect that could bolster long-term sentiment even if not realized. Technically, BTC has rebounded from around $88,000 to the $90,000–$91,000 zone, with resistance near $91,000 and no clear downside pressure yet; the longer-term range of roughly $88,000 to $95,000 remains intact. The broader impact may hinge more on the symbolic shift toward strategic-asset status than on immediate buying activity.
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