Cathie Wood Suggests U.S. May Buy Bitcoin for National Reserve, Targeting 1 Million Coins
- National Reserve Initiative: Cathie Wood suggests that the U.S. government may soon buy bitcoin to establish a national reserve, targeting ownership of up to 1 million coins, which would position the U.S. as the first major sovereign competing for bitcoin supply.
- Policy Context: This shift is linked to Trump-era executive orders and budget-neutral constraints; while no purchases have been announced yet, the policy language allows for future market activities, indicating a significant governmental interest in bitcoin.
- Political Pressure Factors: Wood notes that potential bitcoin purchases could be driven by political pressure ahead of the 2026 midterms, as Trump seeks to maintain legislative momentum, with crypto policy serving as a visible action to engage voters and enhance political capital.
- Global Impact: Direct purchases of bitcoin would carry substantial global weight, especially as states like Florida and Texas advance reserve legislation, further driving competition and collaboration among jurisdictions.
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Technical Analysis for ARK
Technical Sentiment Analysis for Ark (ARK) As of , Ark (ARK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ARK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ark (ARK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.139 | 0.00561 | 0.101 | 0.246 | 0.341 | 0.486 | 0.581 |
| Fibonacci | 0.00561 | 0.0973 | 0.154 | 0.246 | 0.337 | 0.394 | 0.486 |
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