Bullish<\/strong>: Easing trade tensions, growing lawmaker support for the Bitcoin Act, and renewed ETF inflows could push BTC toward $109,312.<\/li>\n<\/ul>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] XRPUSD \u2013 Daily Chart \u2013 120325Read expert analysis on what could drive XRP to new highs here. Bitcoin Rebounds Amid Speculation of a US Government Purchase On March 11, bitcoin (BTC) ended a five-day losing streak, triggered by President Trump\u2019s tariffs and Strategic Bitcoin Reserve (SBR) Executive Order. Fears of a US recession and disappointment over Trump\u2019s reluctance to make a sizeable BTC purchase dragged BTC to a March 11 low of $76,635. However, Senator Cynthia Lumms reignited hopes for legislation that could enable the Trump administration to accumulate BTC as a national strategic reserve asset. Senator Lummis introduced the Bitcoin Act after Trump\u2019s election win. The bill proposes the US government acquire one million BTC over five years, with a 20-year mandatory holding period. On March 11, Senator Lummis shared a statement on X (formerly Twitter): \u201cToday, I am proud to reintroduce landmark legislation that will codify President Trump\u2019s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation\u2019s economic foundations for generations to come. [\u2026]. By transforming the presidency\u2019s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt, while maintaining our competitive edge in the global economy.\u201d US BTC-Spot ETF Market Outflows Leave Bitcoin Below $85K Despite optimism surrounding the Bitcoin Act, BTC-spot ETFs continued to face outflows. On March 10, the US BTC-spot ETF market reported net outflows of $393.3 million, extending its outflow streak to three sessions. US recession fears impacted institutional demand, leading BTC to the session low of $76,635. According to Farside Investors, key flow data for March 11 included: Fidelity Wise Origin Bitcoin Fund (FBTC) had net outflows of $107.1 million. Grayscale Bitcoin Trust (GBTC) reported net outflows of $35.5 million. Franklin Bitcoin ETF (EZBC) saw net outflows of $33.7 million. Excluding flow data for iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market reported $219.7 million in net outflows. BTC-spot ETF flows are crucial for Bitcoin\u2019s supply-demand balance and price trajectory. A third consecutive day of net outflows pressured BTC early in the March 12 session. Bitcoin Price Scenarios: Key Levels to Watch On March 11, BTC rallied 5.50%, reversing Monday\u2019s 2.62% loss to close at $82,946. Hopes for the Bitcoin Act\u2019s progress through Congress boosted BTC demand. Potential price scenarios: Bearish: Rising trade tensions, opposition to the Bitcoin Act, and continued BTC-spot ETF outflows could pull BTC toward $70,000. Bullish: Easing trade tensions, growing lawmaker support for the Bitcoin Act, and renewed ETF inflows could push BTC toward $109,312. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":38411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-38410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=38410"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/38411"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=38410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=38410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=38410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}