Following recent market movements, the cryptocurrency assets held by the US government attracted attention. According to the data, the total value of US crypto assets stands at $24.29 billion, the vast majority of which is Bitcoin, with 198,022 BTC worth approximately $23.44 billion. The government’s portfolio also includes 347.44 million USDT, 59,951 ETH ($273.6 million), 750.7 WBTC ($88.81 million), 40,293 BNB ($33.93 million), and various altcoins. The full list of US altcoin holdings is as follows: Tether (USDT) – $347.45 million Ethereum (ETH) – $273.60 million Wrapped Bitcoin (WBTC) – $88.81 million Binance Coin (BNB) – $33.93 million Wrapped Ethereum (WETH) – $23.75 million Wrapped BNB (WBNB) – $18.66 million Binance USD (BUSD) – $13.49 million Aave USDC (AUSDC) – $13.47 million USD Coin (USDC) – $11.57 million Dai (DAI) – $8.66 million Tron (TRX) – $5.47 million Uniswap (UNI) – $3.29 million Chainlink (LINK) – $2.26 million Render Token (RNDR) – $1.05 million Aave (AAVE) – $1.04 million The Sandbox (SAND) – $954.07 thousand Band Protocol (BAND) – $724.19 thousand Shiba Inu (SHIB) – $709.82 thousand FTX Token (FTT) – $503.74 thousand Maker (MKR) – $460.42 thousand Nexo (NEXO) – $440.15 thousand Kyber Network Crystal (KNC) – $303.81 thousand Mask Network (MASK) – $165.94 thousand iExec RLC (RLC) – $145.44 thousand Curve DAO Token (CRV) – $143.68 thousand Aergo (AERGO) – $118.94 thousand Power Ledger (POWR) – $106.74 thousand US Treasury Secretary Scott Bessent recently made it clear to Fox Business that the government will not be purchasing Bitcoin to add to its existing reserves. Related News: US Treasury Secretary Scott Bessent Makes Additional Bitcoin Statements - He Had Spoken Negatively Today “We will not buy,” Bessent said, adding that the strategic Bitcoin reserve, put in place by President Donald Trump in March, will only be increased through legal seizures. For months, the Trump administration has been touting the possibility of the government purchasing Bitcoin. This prospect excited investors, anticipating both the potential legitimacy it could provide to the cryptocurrency in the eyes of the government and the potential deflationary impact of large-scale purchases on Bitcoin's price. However, Bessent's latest statement has put that hope on hold for now. *This is not investment advice. Continue Reading: Following Recent Developments, How Much Bitcoin and Altcoin Does the US Government Have?
Are we seeing the calm before Bitcoin’s next explosive rally?
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As the market rally continues, Bitwise’s CIO has outlined some of the bullish catalysts that he believes the market is overlooking and could send the crypto market prices substantially higher in the coming months and years. Governments, Central Banks To Push Crypto Prices Higher In a Wednesday memo to clients, Bitwise CIO Matt Hougan outlined some developments he believes the crypto market has not yet priced in despite the people’s bullish sentiment on the industry. Hougan highlighted that there’s “a lot to be excited about” now, including crypto regulation and legislation moving in a positive direction, stablecoins gaining momentum, corporate crypto purchases soaring, exchange-traded funds (ETFs) experiencing remarkable adoption, and the “much-needed altcoin energy” being injected into the broader crypto market by Ethereum’s (ETH) rally. Nonetheless, he asserted that the “problem (…) is all these are well-known,” which could suggest that the market is “underestimating the scale of each of these developments.” To Bitwise CIO, there are “significant upside surprises in store for the market through the end of the year,” which could push prices substantially higher in the coming months and the start of 2026. Hougan listed governments potentially purchasing Bitcoin (BTC) as the first key catalyst not priced in. He explained that “The Three Horsemen of Bitcoin Demand” for this year were ETFs, corporations, and governments, but only the first two have delivered. Notably, ETFs have purchased 183,126 BTC, according to Bitwise’s CIO, while public corporations have acquired 354,744 BTC. Meanwhile, governments have failed to show up despite some “dribs and drabs” from some jurisdictions like Pakistan, Abu Dhabi, and even the US. He emphasized that the US Strategic Bitcoin Reserve (SBR), established by President Donald Trump in March, only holds assets seized through criminal forfeiture. In the memo, Hougan affirmed that, based on the conversations he is having at Bitwise, countries and central banks “are moving,” albeit slowly, clarifying that he doesn’t believe “there will be a rush of national announcements by year-end,” but suspects there will be enough to “establish this as a major potential catalyst for 2026. That realization alone could push prices substantially higher.” It’s worth noting that US Treasury Secretary Scott Bessent revealed on Thursday morning that the government will not be purchasing additional Bitcoin for its SBR. Instead, the US will stop selling these assets and continue to build up the reserve’s stash through confiscated BTC What Else Has Not Been Priced In? Bitcoin trading near all-time highs while interest rates hover near historical highs is unusual, the Bitwise CIO said when discussing the second factor. Despite investors having priced in multiple rate cuts by year’s end, he asserted that the market is missing a much bigger story. Notably, the Trump administration “has a strong desire” for a weaker dollar and a more dovish Federal Reserve. The administration is “strongly signaling that it wants much lower rates and a much weaker dollar.” To him, Bitcoin could trade significantly higher with much lower rates and a much weaker dollar due to money printing. Hougan also underscored the diminishing volatility trend as a third potential catalyst, as both BTC’s volatility and the rate at which its volatility is changing have fallen dramatically since the launch of spot Bitcoin ETFs in January 2024. The growth of ETFs and corporate purchases injected new types of buyers into the crypto market, and advances on the regulatory and legislative side dramatically reduced risk in the market. I suspect this is the “new normal” for bitcoin. It is now roughly as volatile as high-volatility tech stocks, like Nvidia. Lastly, he suggested that a comeback of Initial Coin Offerings (ICOs) could be around the corner, bringing a wave of new capital. Hougan argued that ICOs have had a terrible reputation since 2018, which led most investors and observers to write them off “as damaged goods.” However, Securities and Exchange Commission’s (SEC) Chairman , Paul Atkins, recently “laid out a vision for a rebirth of ICOs” with his Project Crypto speech. “Unleashing a new ICO Market 2.0 could draw in significant new capital to the crypto market,” Hougan affirmed. “Markets don’t rise on good news. They rise on good news that is not priced in,” he affirmed, concluding that “the market in general underappreciates the scale of the bull market taking place in crypto. But I also think it’s overlooking some specific catalysts that will play out in the months and years to come.”
Bitcoin hit a record high but faced a 3.5% decline due to whale selling. Whale activities and economic data influence market sentiment and price movements. Continue Reading: Bitcoin Surge Faces Hurdles as Whale Movements Shake the Market The post Bitcoin Surge Faces Hurdles as Whale Movements Shake the Market appeared first on COINTURK NEWS .
Czech authorities have escalated a politically charged probe into a bitcoin donation that nearly toppled the government earlier this year.