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BTC price whipsaws to 6K as US strategic reserve rumors return

BTC price whipsaws to $106K as US strategic reserve rumors return

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Source: Coin Telegraph

BTC price volatility returns with a vengeance as US Senator Cynthia Lummis leaks a cryptic 10am announcement.

Bitcoin (BTC) faced snap volatility at the Jan. 23 Wall Street open amid fresh rumors that the US would announce a strategic Bitcoin reserve.

BTC/USD 5-minute chart. Source: Cointelegraph/X

Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD took a tour of its short-term range and gained $4,000 before retracing most of the move.

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Author: William Suberg