Bitcoin Surges on Institutional Inflows and U.S. Reserve Legislation
Bitcoin has surged 5.27% in recent trading, driven by renewed institutional inflows into U.S. spot Bitcoin ETFs.
The rally is reinforced by BTC's firm position above its key moving averages, signaling a strong technical setup.
The House committee advanced legislation to create a U.S. Strategic Bitcoin Reserve, mandating a 20-year federal holding period for over 324,000 BTC attributed to government-linked wallets.