πͺ Sats Per Share - 04/17/2025

ποΈ Trump Makes History with US Bitcoin Reserve
In a groundbreaking move, President Trump has signed an executive order establishing a US Bitcoin reserve, utilizing roughly $20 billion in confiscated crypto from criminal forfeitures. While this signals major institutional adoption, initial market reaction saw BTC dip 1.9% to $89,003.65. Critics, including Bloomberg's Zeke Faux, question the move's purpose and highlight potential conflicts of interest with the Trump family's crypto involvement.
π States Race to Join the Bitcoin Revolution
Not waiting for federal guidance, New Hampshire and Florida are pushing legislation to allow their state treasuries to invest up to 10% of state funds in Bitcoin. New Hampshire's bill has cleared the House, while Florida's proposal is gaining momentum through committee approvals. Both initiatives target cryptocurrencies with market caps exceeding $500 billion β currently, that's Bitcoin only.
βοΈ New York AG Sounds Dollar Dominance Alarm
In a dramatic shift in the stablecoin narrative, NY Attorney General Letitia James has urged Congress to act on Bitcoin's threat to USD dominance. The solution? Onshoring stablecoins backed by US treasury bills. With the stablecoin market projected to hit $2.8 trillion by 2028, this could actually strengthen the dollar's position rather than weaken it.
π Technical Analysis: Bitcoin's Next Move
Recent market data shows Bitcoin bouncing back 11% from $74,400, with analysts suggesting seller exhaustion could pave the way for new highs. CryptoQuant analysts point to $84,000 as a key resistance level, with potential for $96,000 if broken. Some experts are even more bullish, projecting $130,000-$140,000 by late June.
π° Blockstream's $3B Bet on Bitcoin's Future
In a massive vote of confidence for institutional Bitcoin adoption, Blockstream has secured $3 billion to launch three new Bitcoin funds. Two focus on Bitcoin-collateralized lending, while the third operates as a hedge fund, marking a significant step toward bridging traditional finance with crypto markets.
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