BTC price whipsaws to $106K as US strategic reserve rumors return
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.
Go to Source
Author: William Suberg
Related posts:
- Has Bitcoin solidified support at $58K and what’s going on with the Metaverse boom? | Find out now on The Market Report w/ Michaël van de Poppe.
- Fitch says proposed Russia crypto ban eases risks but curbs innovation
- Former MAS chair who called crypto ‘highly risky’ wins Singapore’s presidential race
- Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention