22.05.202616:00 Forex Analysis & Reviews: US quietly moving toward creating Bitcoin reserve

While the crypto market — meaning the major coins and tokens — is showing no signs of life, Alaska Republican Nick Begich yesterday introduced the American Reserve Modernization Act, a bill aimed at enshrining the creation of a strategic Bitcoin reserve in US law and diversifying the country's reserve holdings.

The proposal envisions housing the reserve within the Treasury Department, with Bitcoin to be stored separately from other digital assets seized by the government. Begich frames his logic by analogy to gold: Bitcoin accounts for roughly 60% of total crypto market capitalization — just as gold dominates the precious?metals complex. In his view, the market itself has handed down that verdict by recognizing Bitcoin as the primary store of value in its asset class. The bill already has bipartisan backing and more than a dozen co-sponsors in Congress.

The timing of the initiative is important. In March 2025, Trump signed an executive order to create a strategic Bitcoin reserve, but it has not yet been fully implemented. The new bill is intended to give the idea a legislative foundation so the reserve would not depend on changes of administration.

The bill may gain traction because it appeared at an opportune moment, when the crypto sector is undergoing a wave of regulatory change — including the GENIUS proposals and the CLARITY Act, which the Senate Banking Committee recently approved by a 15–9 vote. In short, a third legislative track addressing BTC reserves has now been added to the two existing regulatory processes.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $78,400, which would open a direct path to $80,100, and from there, $81,700 is within reach — a break above which would signal attempts to resume the bull market. On the downside, buyers are expected to enter at about $76,500; a drop back below that area could quickly push BTC toward $74,700. The longer?term target would be the $73,100 area.

Ethereum

A clear close above $2,146 opens the direct path to $2,222. The longer-term target is the high around $2,291; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $2,084; a fall back below that area could quickly push ETH toward $1,997. The longer-term target would be the $1,911 area.

What's on the chart

• The red lines represent support and resistance levels, where the price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.