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Bitcoin Soars Towards $110,000 As Reserve Rumors Heat Up

NewsBTC LogoNewsBTC13h ago

Bitcoin Soars Towards $110,000 As Reserve Rumors Heat Up - NewsBTC

Quick Summary:

He shared a photo on X of himself alongside Robert F.Kennedy Jr.and Jared Kushner, captioned: "The Future is ₿right” Meanwhile, Eric Trump posted a picture with Saylor and "Crypto Czar” David Sacks, commenting: "To the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks” Related Reading: Bitcoin Whales On The Rise As Market Sees Price Boom – What It Means Further underscoring the White House’s apparent openness to Bitcoin, Fred Thiel, Chairman and CEO of MARA Holdings (NASDAQ:MARA)—one of America’s largest Bitcoin mining companies—was reportedly seated with the incoming US Secretary of Defense at the Vice President’s reception on Saturday night.

Talk of a US Bitcoin reserve under Trump has circulated for months, but speculation intensified when Polymarket, a crypto-based prediction platform, showed a sudden spike in the odds of such a reserve forming within Trump’s first 100 days.

"Trust the second move,” Edwards remarked, emphasizing that "when markets move aggressively in one direction, and reverse it all shortly after, the second move has a higher probability of being the real move that sets the new trend.” He added that after "a good old fashioned short squeeze,” investors realized the "overwhelming positivity” of the rumored developments—ranging from "higher odds of a BSR” to "the onboarding of the MAGA army into crypto.” Still, Edwards acknowledged that "anything can happen” in such a volatile market environment.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 13:30:24 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 71 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25285296

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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