Bitcoin
Bitcoin Reserve Campaign Expands With VanEck’s Endorsement

The Bitcoin reserve campaign in the US continues to gain momentum, with more players showing support by the day. With endorsements at state and national levels, prospects continue to grow for the US stockpile of Bitcoin (BTC) to reach 1 million coins eventually.
Nevertheless, skeptics also exist, with some pushing that a Bitcoin reserve would be detrimental to the United States.
VanEck Joins Bitcoin Reserve Campaign
VanEck’s head of research, Mathew Sigel, announced the company’s full endorsement of a strategic Bitcoin reserve, signaling growing institutional support for the concept.
“FOR IMMEDIATE RELEASE: VanEck Endorses Strategic Bitcoin Reserve. No need for ‘sources’ — we’ll just tell you ourselves,” Sigel declared.
The Bitcoin Reserve movement, which aims to position Bitcoin as a national or state-held reserve asset, has been gaining traction. It follows President-elect Donald Trump’s public advocacy four months ago.
During a speech, Trump proposed replacing Gary Gensler at the SEC and highlighted Bitcoin’s potential to bolster national reserves. He said, “Bitcoin Reserve is the future,” sparking a wave of interest among policymakers and financial institutions.
Prominent political figures, including Senator Cynthia Lummis, have also lent their support. Lummis recently proposed selling portions of the US gold reserves to acquire Bitcoin. The senator, a long-time Bitcoin advocate, believes that diversifying the nation’s reserve assets with digital currencies could strengthen financial resilience. Her efforts have garnered bipartisan attention, with ongoing debates in Congress about the viability of such a move.
Meanwhile, US states are also entering the fray. Florida State’s CFO has publicly endorsed a Bitcoin reserve strategy. In the same way, Pennsylvania lawmakers recently introduced a bill advocating for a state-level Bitcoin reserve. These developments suggest a decentralized push toward integrating Bitcoin into government balance sheets.
The campaign has extended beyond US borders. Poland’s libertarian leader, Sławomir Mentzen, promised to pursue a national Bitcoin reserve strategy if elected. Mentzen’s pledge reflects the international appeal of Bitcoin as a modern monetary asset capable of countering inflationary pressures and enhancing fiscal sovereignty.
BlackRock’s Cautious Approach
Amid the rise of the BTC Reserve movement, BlackRock, the world’s largest asset manager, has adopted a more measured stance. While VanEck openly supports the concept, Fox Business correspondent Eleanor Terret reported that BlackRock is skeptical.
“Sources close to BlackRock tell Fox Business the big money manager is not endorsing a strategic BTC reserve despite recent reports that it is,” Terrett shared.
However, BlackRock’s actions paint a complex picture. The firm’s Bitcoin ETF recently surpassed $40 billion in assets under management (AUM), setting industry speed records. BlackRock has also increased its Bitcoin exposure by investing heavily in MicroStrategy, a company known for its substantial Bitcoin holdings. The asset manager also acquired $680 million in Bitcoin through its IBIT ETF and direct investments. Meanwhile, critics remain skeptical of BlackRock’s intentions.
“BlackRock is playing the Franklin Templeton game—they are pushing the ETF but know they are really here for the tokenization,” one user shared on X.
This viewpoint suggests that BlackRock’s endgame may be less about Bitcoin adoption and more about the broader application of blockchain technology for asset tokenization. Meanwhile, data on Arkham shows BlackRock’s Bitcoin stash has reached 471,707K BTC, valued at $43.53 billion as of this writing.

Adding to the skepticism, billionaire investor Mike Novogratz recently expressed doubt about the feasibility of a US Bitcoin reserve. Novogratz believes Bitcoin remains too volatile and politically divisive to become a core government asset in the near term.
“It’s a low probability. While the Republicans control the Senate, they don’t have close to 60 seats. I think that it would be very smart for the United States to take the Bitcoin they have and maybe add some to it… I don’t necessarily think that the dollar needs anything to back it up,” Novogratz claimed.
Despite divergent views, the BTC Reserve campaign has undeniably gained momentum. It has drawn attention from global policymakers, financial institutions, and private investors. Whether through state-led initiatives, international adoption, or institutional investments like BlackRock’s ETF, Bitcoin’s role in the global financial system continues to grow.
“In addition to the macro environment, there is a renewed sense of optimism that regulatory clarity for bitcoin and digital assets more broadly may emerge following the US election. President-elect Donald Trump campaigned on maintaining a strategic bitcoin reserve, while pro-crypto politicians in the House and Senate races from both sides of the aisle enjoyed electoral success. The macro-environment combined with supportive policies could combine to accelerate and broaden Bitcoin’s adoption,” BlackRock shared.
VanEck’s public endorsement, coupled with growing interest from figures like Senator Lummis and international leaders, could mark a tipping point in the integration of digital assets into mainstream financial strategies.
As debates intensify, the question remains whether Bitcoin will become the gold standard of the digital age or whether its volatility and skepticism from major players like BlackRock will hinder its adoption as a reserve asset.

Bitcoin is up by a modest 0.59% as of this writing. BeInCrypto data shows the pioneer crypto is trading at $92,207.
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Bitcoin
Here Are The Bitcoin Levels To Watch For The Short Term


Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action.
Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed?
In a new post on X, Kesmeci shared an interesting on-chain analysis of the Bitcoin market. Using the short-term investor cost basis, the analyst identified two key price levels that could prove critical to Bitcoin’s next major move.
Firstly, Burak Kesmeci focuses on the average cost prices of new traders over the past 1-4 weeks, which are likely the most reactive to price changes. The realized price for these traders currently stands at $82,800, forming a near-term support that indicates many recent buyers are still in profit and may defend this level as a psychological floor.
Meanwhile, Kesmeci also highlights the $92,000 price level, which marks the average cost basis for BTC holders for 1-3 months. This price point has emerged as an important resistance zone, as investors are likely to exit the market once they break even. Furthermore, the $92,000 price level is also marked by a confluence with various technical indicators.
The interplay between these two levels is significant. Historically, short-term bullish trends in BTC tend to begin when the cost basis of more recent investors, 1–4 weeks, crosses above that of the 1–3 BTC holders. This shift signals increased confidence and willingness to buy at higher levels, which often fuels broader rallies.
However, that dynamic remains to play out in the current market. As of now, Bitcoin is trading around 85,000, positioning it above its support at the 1–4 week average of $82,800 but still below the 1–3 month resistance of $92,000. Furthermore, both cost basis levels have been declining over the past two months, reflecting hesitation or a lack of aggressive buying from new entrants.
Notably, Kesmeci states that BTC must surge above $92,000 to confirm a strong bullish momentum for a price reversal.
Bitcoin ETFs Offload 1,725 BTC
In other news, Ali Martinez reports that the Bitcoin ETFs have suffered withdrawals of 1,725 Bitcoin, valued at $146.92 million, over the past week. This development illustrates a high level of negative sentiment among institutional investors, adding to market uncertainty around the BTC market.
Meanwhile, Bitcoin trades at $85,249 following a price change of 0.89% in the past day. The premier cryptocurrency also reflects a 0.58% loss on the weekly chart and a 1.06% gain on a monthly chart.
Feature image from Adobe Stock, chart from Tradingview

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Bitcoin
Bitcoin LTH Selling Pressure Hits Yearly Low — Bull Market Ready For Take Off?


Following an extensive price correction in the past three months, the Bitcoin bull market continues to hang in the balance. Despite a modest price rebound in April, the premier cryptocurrency is yet to display a strong intent to resume its bull rally amidst a lack of positive market factors. However, crypto analyst Axel Adler Jr. has highlighted a promising development that could signal major upside potential for Bitcoin.
Bitcoin Long-Term Holders Looking To Halt Selling Pressure
In a recent post on X, Adler Jr. shared an important update in Bitcoin long-term holders (LTH) activity, which could prove significantly positive for the broader BTC market.
Using on-chain data from CryptoQuant, the renowned analyst reports that selling pressure by long-term holders, i.e. amount of LTH holdings on exchanges, has now hit its lowest point at 1.1% over the past year. This development indicates that Bitcoin LTH are now opting to hold on to their assets rather than take profits.
Adler explains that a further decline in these LTH exchange holdings to 1.0% would signal the total absence of selling pressure. Notably, this development could encourage new market entry and sustained accumulation, creating a strong bullish momentum in the BTC market.
Importantly, Alder highlights that the majority of the Bitcoin LTH entered the market at an average price of $25,000, Since then, CryptoQuant has recorded the highest LTH selling pressure of 5.6% at $50,000 in early 2024 and 3.8% at $97,000 in early 2025.
According to Adler, these two instances likely represent the primary profit-taking phases for long-term holders who intended to exit the market. Therefore, a resurgence in selling pressure from this cohort of BTC investors is unlikely in the short-term, which supports a building bullish case as long-term holders currently control 77.5% of Bitcoin in circulation.
BTC Price Overview
At the time of writing, Bitcoin was trading at $85,226 following a 0.36% gain in the past day and a 0.02% loss in the past week. Both metrics only reflect the ongoing market consolidation as BTC continues to struggle to achieve a convincing price breakout beyond $86,000.
Meanwhile, the asset’s performance on the monthly chat now reflects a 1.97% gain, indicating a potential trend reversal as the market correction ceases. Nevertheless, BTC remains in need of a strong market catalyst to ignite any sustainable price rally. With a market cap of $1.67 trillion, Bitcoin is ranked as the largest digital asset, controlling 62.9% of the crypto market.
Featured image from Adobe Stock, chart from Tradingview

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Bitcoin
Analyst Says Bitcoin Price Might Be Gearing Up For Next Big Move — What To Know


The Bitcoin price seems stuck in a consolidation range, ricocheting off the $83,000 and $86,000 levels over the past week. With no clear direction for the premier cryptocurrency, investors are left wondering what phase the market cycle is in—bullish or bearish.
According to a popular crypto analyst on the social media platform X, the Bitcoin price could be preparing for its next big move in either direction over the next few weeks. In any case, here are the important levels to watch out for in the next few days.
Crucial Levels To Watch For BTC’s Next Move
In an April 19 post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the Bitcoin price while highlighting the current layout of the world’s largest cryptocurrency by market cap. The online pundit noted that BTC bears and bulls are locked in a battle, leading to a choppy market condition.
Notably, the premier cryptocurrency appears to have entered the $83,000 – $86,000 range on Saturday, April 12. Hence, Martinez’s analysis basically revolves around the price of BTC bouncing off the support and resistance levels on its one-hour timeframe.
Source: @ali_charts on X
As shown in the chart above, the Bitcoin price attempted multiple times to breach the resistance zone around the $86,000 region over the past week. However, the bulls’ optimism was met with the staunch resilience of the Bitcoin bears, as the price of BTC almost always found its way back toward the $83,000 mark.
Most recently, the flagship cryptocurrency made its way toward the $86,000 level on Wednesday, April 16, but failed to break the significant resistance zone after the US Federal Reserve (Fed) chair Jerome Powell suggested that interest rate cuts might not be coming as early as anticipated by crypto traders.
Martinez noted in his post that the next significant move for the Bitcoin price depends primarily on the $83,000 and $86,000 levels. According to the crypto pundit, a breakout above the $86,000 mark could spell the start of a bullish run for Bitcoin, while a break below $83,000 could mean further correction for the market leader.
Bitcoin Price Overview
After reaching its all-time high of $108,786 in January 2025, the price of BTC has been on a steady decline in the past few months. According to data from CoinGecko, the flagship cryptocurrency has losst more than 22% of its value since hitting its record-high price.
As of this writing, the price of Bitcoin stands at around $84,530, reflecting a 0.3% decline in the past 24 hours. Meanwhile, the Bitcoin price is up by more than 1% on the weekly timeframe.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView

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