After the Federal Reserve decided to raise interest rates by 25 basis points, Bitcoin briefly touched $749,000
The entire cryptocurrency market also came under pressure as a result
Meanwhile, the U.S. Congress is discussing a bill to formally enshrine a “National Bitcoin Reserve” into law
If it passes, the Bitcoin held by the government would, in principle, be locked up for 20 years and not easily sold—this is a long-term positive for Bitcoin (fewer sources of sell pressure). However, it’s still only at the committee review stage for now, so whether it can pass is still uncertain
And right now, Bitcoin’s price is stuck at a key support level, with policy headlines creating interference while market sentiment is testing the waters
So personally, I think the $750,000 key support will hold. If it holds, it can rebound, and the next target would be $775,000
If the daily close falls below $750,000, it may continue moving downward—first to $735,000, and in the worst case possibly to the $700,000 psychological level
#每日行情
My personal heart💕 wish: Follow me—I’ll share more trading content
Since I previously commented on this bill, I’m re-commenting here
Commentary: H.R. 8957 (“The 2026 American Reserve Modernization Act”) was introduced by Representatives Nick Begich and others. Its purpose is to formally codify the U.S. strategic Bitcoin reserve.
The core provisions include: consolidating the Bitcoin acquired by the government through confiscation and similar methods, setting a holding lockup period of at least 20 years (during which selling is generally not allowed), requiring periodic public reserve attestations (Proof of Reserve), and so on.
As of September 16, the bill has indeed entered the House Financial Services Committee’s review/markup stage. This is still a “committee stage,” and it has not yet become law. Whether it will pass remains uncertain, and market expectations suggest the overall probability of passage is not high.
The entire cryptocurrency market also came under pressure as a result
Meanwhile, the U.S. Congress is discussing a bill to formally enshrine a “National Bitcoin Reserve” into law
If it passes, the Bitcoin held by the government would, in principle, be locked up for 20 years and not easily sold—this is a long-term positive for Bitcoin (fewer sources of sell pressure). However, it’s still only at the committee review stage for now, so whether it can pass is still uncertain
And right now, Bitcoin’s price is stuck at a key support level, with policy headlines creating interference while market sentiment is testing the waters
So personally, I think the $750,000 key support will hold. If it holds, it can rebound, and the next target would be $775,000
If the daily close falls below $750,000, it may continue moving downward—first to $735,000, and in the worst case possibly to the $700,000 psychological level
#每日行情
My personal heart💕 wish: Follow me—I’ll share more trading content
Since I previously commented on this bill, I’m re-commenting here
Commentary: H.R. 8957 (“The 2026 American Reserve Modernization Act”) was introduced by Representatives Nick Begich and others. Its purpose is to formally codify the U.S. strategic Bitcoin reserve.
The core provisions include: consolidating the Bitcoin acquired by the government through confiscation and similar methods, setting a holding lockup period of at least 20 years (during which selling is generally not allowed), requiring periodic public reserve attestations (Proof of Reserve), and so on.
As of September 16, the bill has indeed entered the House Financial Services Committee’s review/markup stage. This is still a “committee stage,” and it has not yet become law. Whether it will pass remains uncertain, and market expectations suggest the overall probability of passage is not high.
