🚀 Bitcoin Approaches $100,000 Amid U.S. Policy Shifts
Bitcoin is on the verge of breaking the $100,000 barrier, trading at $99,284 with a 2.3% gain over the past 24 hours. This surge is attributed to optimism surrounding an impending U.S.-U.K. trade deal and President Trump’s recent tariff announcements. Barron’s
Investor confidence has been bolstered by the initiation of U.S.-China trade talks aimed at reducing economic tensions. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet Chinese officials in Switzerland to explore de-escalation strategies. Barron’s
🏛️ New Hampshire Establishes First State-Level Crypto Reserve
In a groundbreaking move, New Hampshire has become the first U.S. state to establish a cryptocurrency reserve. Under House Bill 302, the state treasurer is authorized to allocate up to 5% of public funds into digital assets with a market capitalization exceeding $500 billion, currently including only Bitcoin. The assets will be securely stored through a custody solution or an exchange-traded product. Business Insider
This initiative positions New Hampshire at the forefront of state-level crypto adoption, potentially setting a precedent for other states considering similar measures.
🏛️ Federal Government Launches Strategic Bitcoin Reserve
At the federal level, President Trump signed an executive order establishing a Strategic Bitcoin Reserve, utilizing approximately 200,000 BTC already held by the U.S. government. The reserve aims to solidify Bitcoin’s role as a national reserve asset. Wikipedia
Additionally, a U.S. Digital Asset Stockpile has been created for other cryptocurrencies like Ethereum, XRP, Solana, and Cardano. This move underscores the administration’s commitment to integrating digital assets into the national financial infrastructure.Wikipedia+1Cointelegraph+1Invezz+1Wikipedia+1
📈 XRP ETF Approval Anticipated, Fueling Market Optimism
The cryptocurrency market is abuzz with anticipation as the SEC officially acknowledged Grayscale’s application to list a spot XRP ETF on the New York Stock Exchange. This acknowledgment initiates a 240-day review period, with a final decision expected by mid-October. Techpoint Africa+1Crypto2Community+1
Analysts predict that the approval of an XRP ETF could significantly impact XRP’s price, with projections reaching up to $15 in the near term. Crypto2Community
📊 Current Cryptocurrency Prices
| Cryptocurrency | Price (USD) | 24h Change | Market Cap |
| Bitcoin (BTC) | $99,614 | +2.7% | $1.8T |
| Ethereum (ETH) | $1,937.47 | +5.3% | $230B |
| XRP | $2.21 | +3.3% | $110B |
| BNB | $616.48 | +1.7% | $95B |
🔍 Conclusion
The convergence of state-level initiatives like New Hampshire’s crypto reserve and federal actions such as the Strategic Bitcoin Reserve highlights the United States’ accelerating embrace of cryptocurrency. Coupled with market optimism and potential regulatory approvals like the XRP ETF, the crypto landscape is poised for significant growth.Decrypt+1Wikipedia+1
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