Bitcoin Price Rips Through $86K As Strategic Reserve Push Gains Global Traction
Bitcoin Price Rips Through $86K As Strategic Reserve Push Gains Global Traction
Bitcoin (CRYPTO: BTC) is trading over 2% higher on Tuesday at $86,328, extending its recent rally and continuing to decouple from equity markets amid renewed interest in the asset as a sovereign reserve.
The token is up 8.1% over the last week and 1.5% over the last month.
Momentum Builds Ahead of Resistance Test
Bitcoin is now within distance of its recent high near $86,500, with traders eyeing a potential breakout that could set the stage for another test of the $88,000–$90,000 resistance range. The move comes as BTC dominance climbs to 64%, its highest level since January 2021, signaling strength relative to the broader crypto market.
The rally follows a new wave of policy-driven optimism. In Sweden, members of Parliament are pressing officials to adopt a national Bitcoin reserve strategy, inspired by similar moves in the U.S. MP Dennis Dioukarev formally asked Finance Minister Elisabeth Svantesson whether the government was considering holding Bitcoin alongside fiat and gold to strengthen …
About The Author
