The U.S. government is reportedly preparing to fund its strategic Bitcoin reserve, a move that could redefine the nation’s approach to digital assets.
While the finer details remain under wraps, early reports suggest the reserve will be funded through seized cryptocurrencies rather than taxpayer money.
The announcement has sparked a bullish Bitcoin price prediction. Yet investors are already looking for the next big winner to capitalize on BTC’s momentum.
According to some, DeepSnitch AI could be the ticker due to its advanced fusion of advanced AI and crypto analytics. The project already raised over $330K, with whales believing DeepSnitch AI could deliver 100x returns.
BTC treasury funding is set to start
Senator Cynthia Lummis has confirmed that the US Treasury has the green light to start funding the country’s strategic Bitcoin reserve, and it could kick off at any moment.
The plan, introduced earlier this year through an executive order, focuses on using already seized crypto assets and other budget-neutral sources to build a national Bitcoin reserve.
Put differently, taxpayers won’t be the ones covering the bill for this bold step.
Meanwhile, the appetite for BTC among traditional investors continues to grow. U.S.-listed ETFs recorded steady inflows, with hundreds of millions pouring in as institutions increase their exposure week after week.
More precisely, the October 7 trading session recorded over $876M in inflows, marking the seventh consecutive day of solid performance. The tally stood at $4.4B.
Institutional moves are generally considered bullish signals for the bull market. Thus, the government’s preparation to expand its crypto holdings, combined with the restored momentum from traditional traders, sparked excitement from investors about the increased earning prospects in October.
Top cryptos of the season
DeepSnitch AI: Could DSNT turn $500 into $50K?
DeepSnitch AI is creating quite a buzz in the space, having already raised over $335K in its first stage.
Its appeal is simple: it combines AI-powered analytics with blockchain insights, providing traders with a working toolkit to make informed decisions.
By deploying five autonomous AI agents, DeepSnitch AI can transform raw blockchain data into actionable analytics. This includes the ability to track whale wallets, spot sentiment shifts, and rug pulls from a single dashboard.
What provides DeepSnitch AI an edge over other AI-powered crypto projects is its wide appeal. Its competitors often propose vague infrastructures or focus on developers. In contrast, DeepSnitch AI is focused solely on retail traders, which might help adoption and, in turn, ensure the long-term growth of the token.
Currently, DSNT is priced at just $0.01805. This represents not only an affordable entry into the crypto AI market, but the utility and the mainstream appeal could help the token pump by a wide margin after listing.
Considering AI tokens often reach north of $1, DSNT could become the next 100x crypto. In other words, a $500 investment could turn into $50K.
Investing the same amount into BTC, in contrast, would require the coin to pump by 100x to a price of $122M to get $50K, which is unrealistic to say the least. Say you expect BTC to reach $140. In that case, you’d have to invest over $300K to see the same $50K returns.
Because the presale is picking up at a serious pace, traders are already experiencing FOMO as the price of the token is expected to increase in the coming days.
https://youtu.be/I9e0heyoWkk?si=4xNXFXKu1QgqDKE0
Bitcoin price prediction: Is a BTC rally around the corner?
Despite reaching a new ATH on October 6, BTC failed to maintain momentum and dipped to as low as $120K on October 8. According to CoinMarketCap, Bitcoin regained the $122K price on the same day.
Yet, analysts note that the RSI is positive, and combined with the 20-day EMA of $118K, it could indicate that the overall trajectory will remain bullish.
The next critical resistance line is at $126K. If the momentum continues and bulls flip the resistance into support, Bitcoin could surge rapidly toward the $138K target.
However, if the price closes below $118K, Bitcoin could tumble back to its 50-day SMA at $114K.
While Bitcoin is likely to continue pumping throughout Uptober, the explosive potential may not be there for regular investors.
XRP: Can XPR pump back towards $3?
According to CoinMarketCap, XRP dropped under $3 on October 7 and settled in the $2.8 area.
Because bulls failed to keep XRP above the crucial $3 level and the downturn is noticeable, analysts believe that there’s a high possibility that XRP will struggle to break the pattern.
In the bearish scenario, the price may fall below $2.69 support level and further toward $3.33.
Yet, if XRP gains momentum and retests the $3 line, it could start pumping to $3.20, with a possibility of reaching $3.38.
However, XRP has struggled for years. Despite bullish projections and a reasonable price, XRP will likely move more slowly than the best crypto presales. As a result, it could present a better long-term hold, but don’t expect much in terms of fast gains.
Final words: Capture the buzz
As Bitcoin hovers in the $122K area, ready to test new highs, the market is buzzing with opportunity.
Despite the Bitcoin price prediction favoring bulls, the real breakout potential lies with presale projects that can quickly explode by 100x.
DeepSnitch AI is not only affordable, but its momentum and utility indicate the project could only go up. With $335K already raised, the price is only set to climb higher. Naturally, whales have already caught on to the noise, meaning that it’s only a matter of time until DSNT starts breaking new ground.
Lock in and join the DeepSnitch AI presale.
FAQs
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What is the latest Bitcoin price prediction?
Analysts expect Bitcoin to remain bullish as the U.S. government prepares to fund its Bitcoin reserve, so the breakout above $126K resistance could cause a sizable rally towards $138K.
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How could the U.S. Bitcoin reserve impact long-term price movements?
The initiative signals stronger institutional confidence. By using seized crypto to fund a national BTC reserve, the U.S. could boost demand and stability, influencing long-term Bitcoin price predictions.
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Why are investors shifting from Bitcoin to DeepSnitch AI?
Although Bitcoin might stay a stable long-term bag, DeepSnitch AI’s low entry price and innovative AI-driven analytics appeal to traders seeking higher short-term growth, with anticipations for a 100x price increase after launch.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
