$BTC News Update: The Battle of $90K 📉📈
The crypto market is seeing extreme volatility this week as institutional giants clash on strategy. Here is what you need to know right now:
🇺🇸 Texas Makes History: While the federal conversation heats up, Texas has officially launched a Strategic Bitcoin Reserve, making its first $5M purchase. It is the first state to formally add BTC to its balance sheet to "strengthen the state's finances."
❌ #Microsoft Says No: In a blow to corporate adoption hopes, Microsoft shareholders voted against the proposal to assess investing in Bitcoin at their annual meeting this week.
📉 Price Action: After hitting highs of $120k+ earlier this year, BTC has retraced to the $90,000 – $92,000 range. The market is currently in "Extreme Fear" as traders wait for a clear direction.
📅 TODAY'S Big Event: All eyes are on the Federal Reserve (FOMC) meeting today. The market is pricing in a rate cut, which could be the spark Bitcoin needs to reclaim $100k.
The Bottom Line: States are buying, corporations are hesitating, and the Fed holds the keys to the next leg up.
