White House hints at potential US Bitcoin reserve expansion policy shift
A White House crypto adviser's comments suggesting potential U.S. government Bitcoin purchases have influenced market sentiment, reducing the perceived likelihood of a price drop to $60,000. Traders are adjusting positions based on anticipated policy shifts despite thin current trading volume. The market now assigns a 15% probability to Bitcoin avoiding a decline to $60,000, up from earlier levels. This shift reflects growing speculation around official U.S. demand for Bitcoin.
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A White House crypto adviser hinted at a potential policy shift toward active U.S. Bitcoin reserve expansion, and the Bitcoin Price Predictions in April market now prices the odds of Bitcoin avoiding a dip to $60,000 at 15%, up from prior levels. ## Market reaction The prospect of the U.S. becoming the largest state holder of Bitcoin has shifted trader positioning. With six days left in April, the market sees a decline to $60,000 as less likely. No USDC has traded in this market in the last 24 hours, so the market is thin. But past trading patterns in thin Polymarket contracts show rapid repricing when a news catalyst arrives. The movement here is about anticipated future volume, not current trades.
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