Expert notes that Dogwifhat price eyes a 186.36% rally, targeting a multi-month high of $3.15 if buyers breach a critical sell wall at $1.5. According to crypto analyst @CW, buyers must continue accumulating past the $1.5 resistance level and trigger a breakout rally towards the meme coin’s all-time high of $4.85. The bullish outlook is accompanied by a spectacular 18% price gain over the past 24 hours and approximately $1.68 billion in daily derivatives trading volume. At press time, Dogwifhat’s price is trading at $1.148, with its market cap hovering around $1.14 billion to make it the 73rd largest cryptocurrency by market capitalization. Dogwifhat Price Eyes $3.15 Multi-Month High, Says Expert As per a Dogwifhat price assessment by @CW, WIF is primed for a potential 186.36% rally to a new annual high, a move that could activate a spike towards the all-time high at $4.85. According to CW, buyers should… Read More at Coingape.com
47th U.S. President Donald Trump has made a major move by signing an executive order to create a strategic Bitcoin reserve for the United States. This decision puts the U.S. among the few nations officially building a Bitcoin reserve. However, the biggest question is how the government plans to buy BTC without spending taxpayer money. The answer lies in “budget neutral strategies,” but what does that mean?
Trump’s Bitcoin Plan: No Taxpayer Money Involved?
The executive order instructs the Treasury and Commerce Departments to find ways to buy Bitcoin without costing U.S. citizens any extra money. This means the government needs to come up with smart solutions, and experts believe several strategies are on the table.
One idea is to use the increasing value of U.S. gold reserves. This would allow the government to trade some of its gold for Bitcoin, replacing one valuable asset with another.
However, many people who support gold might disagree with this plan because they see gold as an important part of the economy.
Could the U.S. Start Mining Bitcoin?
Another option being explored is Bitcoin mining. Some analysts suggest the government could use underutilized federal resources such as excess computing power and energy from federal data centers to mine BTC.
Bhutan has been doing this since 2019, proving that it’s a viable strategy. However, Bitcoin mining remains a controversial topic in the U.S., especially due to environmental concerns.
Bitcoin-Backed Bonds Be the Answer?
A third strategy being considered is issuing Bitcoin-backed bonds. This approach has already been used by MicroStrategy’s Michael Saylor, who leveraged bonds to acquire over 2% of the Bitcoin supply.
Given that Saylor is scheduled to attend a White House crypto summit, this method could gain serious traction.
U.S. Current Bitcoin Holding
Even though Trump has signed the executive order, additional legislative approval may still be needed to put the Bitcoin reserve plan into action. Currently, the U.S. government holds about 207,189 BTC worth nearly $18.48 billion.
In the past, it sold large amounts of Bitcoin, a move that Trump’s crypto advisor David Sacks criticized as a huge loss for taxpayers.
The post Trump’s Plan to Buy Bitcoin For Its Reserve: Here’s How the US Might Do It! appeared first on Coinpedia Fintech News
47th U.S. President Donald Trump has made a major move by signing an executive order to create a strategic Bitcoin reserve for the United States. This decision puts the U.S. among the few nations officially building a Bitcoin reserve. However, the biggest question is how the government plans to buy BTC without spending taxpayer money. …
The crypto market is finally improving, and that too at a steady pace, which is imbuing investors with confidence. This bullishness is also reflected in the growth of the altcoins, with some even making their way to new highs.
BeInCrypto has analyzed three such altcoins that formed a new all-time high today and whether their uptrend will continue.
Solayer (LAYER)
LAYER has surged by 23% in the last 24 hours, reaching $1.41 at the time of writing. The altcoin also reached a new all-time high (ATH) of $1.47 during the intra-day highs. This rise signals strong market interest and positive momentum for the cryptocurrency in the short term.
Given the current green candlestick, LAYER is likely to continue its upward trend. If the altcoin breaks past its ATH of $1.47, it could easily push past the $1.50 mark. This would indicate a continued bullish phase for LAYER as the price gains momentum toward higher levels.
However, if the price falls to $1.20 or lower, the bullish outlook will be invalidated. A drop to $0.95 would result in the loss of recent gains, signaling a shift to bearish sentiment. This potential decline could slow LAYER’s momentum and lead to further price corrections.
Cheems (CHEEMS)
CHEEMS has seen an impressive 133% rise month-to-date, reaching a new all-time high (ATH) of $0.000002179. However, the altcoin has since retraced and is currently trading at $0.000001952. This price action signals potential volatility, but the recent ATH highlights the coin’s strong market interest.
If CHEEMS fails to sustain its uptrend, it could slide toward the critical support level of $0.000001461. A bounce from this level could provide CHEEMS with another opportunity to attempt forming a new ATH. This rebound would indicate that the bullish trend is still in play.
However, if the $0.000001461 support is breached, CHEEMS could experience further declines. The next support level is at $0.000001132, and falling below this would invalidate the bullish outlook, erasing the recent gains.
Saros (SAROS)
SAROS has shown consistent growth throughout the month, trading at $0.055. During an intra-day rise, it reached a new all-time high (ATH) of $0.057, signaling positive market interest. This continued upward momentum could help drive SAROS to even higher levels, further encouraging investor confidence.
If the broader market cues remain strong, SAROS is likely to maintain its uptrend. The price could break through the $0.060 resistance level, extending its gains. This would signal sustained bullish sentiment and potentially attract more investors, pushing the altcoin to new highs.
However, if the market momentum reverses, SAROS may struggle to hold on to its gains. A pullback to $0.046 is possible, and losing this support would invalidate the bullish thesis. In this case, SAROS could fall further to $0.034, signaling a deeper price correction.
