The Rally in Bitcoin (BTC) and the cryptography of the panic induced by the weekend rate have proven to be short duration.
At the end of the US Day. UU., Bitcoin dropped 4.8% in the last 24 hours to $ 96,900 after having risen to the level of $ 101,000 only two hours earlier.
Much of the Altcoin sector was worse, with Solana (Sol), (XRP), Cardano (ADA) and Chainlink (Link) Sporting Divirs of 6%-10%. Ethher (ETH) was lower by 5.3%.
The beginning of the late fall today seemed to coincide with a press conference related to the cryptographic carried out by the Cryptography of the White House and the AI David Sacks Tsar together with the heads of the key committees in the Senate and the Chamber.
The hopes that the press conference will focus on the possibilities of a strategic Bitcoin reserve faded when the discussion focused almost exclusively on regulatory issues and topics.
Bitcoin received a mention at the end of the press conference, when, in response to a question, Sacks said that a White House working group on cryptography is investigating the viability of a Bitcoin strategic reserve. When asked if yesterday’s executive order about the creation of a sovereign wealth fund it meant something for Bitcoin, Sacks deferred, saying that this is a question for the nominee to the Secretary of Commerce Howard Lutnick (who, together with the secretary of the secretary of the Treasury, Scott Besent, will be heading the SWF).
For now, it seems that Bitcoin could be preparing a new test of its minimum Sunday night below the level of $ 92,000. Possibly bullish or bassist on the horizon will be the January Employment Report of the United States. A soft number could have the market participants that fix the federal reserve rates cuts in perspectives, which can be a blessing at prices. However, another strong impression could have investor prices in an increase in rates at some point this year, in the absence of other forces, a wind against prices.
