Trump Confirms First Bitcoin and Crypto Report as BTC Holds Strong at $117K

Trump Confirms First Bitcoin and Crypto Report as BTC Holds Strong at $117K

Bitcoin is starting to resemble a stablecoin, at least in terms of price action. After pushing through its all-time highs earlier this year, the asset has entered a tight consolidation range between $115,000 and $120,000, with current levels holding steady around $117,000.

While that $5,000 swing may sound like a lot, in percentage terms it’s a sign of maturity, a 1–2% fluctuation on a trillion-dollar asset that once moved 10–20% in a day.

This stability comes even after a significant market event: the movement and sale of 80,000 BTC, estimated to be worth nearly $9 billion.

Rather than panic selling, the market absorbed the dump with confidence, and Bitcoin barely moved. It was a major test of liquidity and conviction, and the asset passed with flying colors.

Long-term sentiment is growing as Bitcoin overtakes silver in market cap. With $1 million targets gaining traction, short-term price differences are starting to matter less.

And now, the next potential catalyst may be coming from the political front, starting with Donald Trump.

Source – 99Bitcoins YouTube Channel

Trump Administration Set to Release Bitcoin and Crypto Report

The Trump White House has officially confirmed that its first Bitcoin and crypto report will be released this Wednesday.

While exact details remain under wraps, the announcement included references to a “strategic reserve,” raising speculation about how digital assets could be integrated into the broader U.S. economic framework.

The confirmation comes at a time when crypto is moving back into the political spotlight. Recently, Trump has expressed a more positive stance towards Bitcoin, and this report could signal a significant shift from ambiguous remarks to specific policy guidance.

Source – CryptosRus Twitter

Whether it touches on mining, reserves, or blockchain innovation, the market is watching closely. A favorable stance from the U.S. government would not only reinforce institutional confidence but could also accelerate mainstream adoption, especially if regulatory clarity follows.

With the 2026 midterms approaching and economic independence becoming a major theme, Bitcoin may find itself at the center of the next political cycle.

Bitcoin Overtakes Silver in Market Cap

According to a recent post by Bitcoin Magazine on X, in just 16 years, Bitcoin has managed to overtake silver’s market capitalization, placing it just behind gold in the global store-of-value rankings. It’s a symbolic milestone and a powerful statement on how fast digital assets are progressing.