🚨 BITCOIN REACTS TO TWO CATALYSTS IN THE U.S. 🇺🇸$BTC rose nearly 1.7% to $77,960, reaching a session high of $78,443.
📌 What is driving the move?
🏦 The Federal Reserve
The Fed raised its rate by 25 basis points to 3.75%-4.00%. Although the market anticipated the hike, new projections point to still-restrictive monetary policy, with a possibility of another rate increase in 2026.
₿ Advance of the Strategic Bitcoin Reserve
The American Reserve Modernization Act (H.R. 8957) advanced in the House Committee on Financial Services with a 28-21 vote. The initiative seeks to legally establish a Strategic Bitcoin Reserve and proposes holding those BTC for a minimum period of 20 years.
📑 Further progress on crypto regulation
The Committee on Ways and Means also approved by 38-5 a fiscal framework for digital assets, including rules on trading, mining, staking, and taxation.
📊 Key market data
Open interest in cryptocurrency futures increased following the Fed’s decision, while $BTC remained above $76,000.
🔥 The crypto market continues to react to changes in monetary policy and the advancement of new regulations on digital assets in the United States.
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