Crypto Writer
Arslan Butt
Crypto Writer
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Bitcoin is consolidating near $88,400 as technical pressure eases and adoption signals build. This article breaks down the key drivers shaping BTC’s outlook, including new US state-level crypto legislation, growing corporate Bitcoin accumulation, the latest debate over BTC’s role in global finance, and critical price levels traders are watching as BTC defends support and prepares for its next move.
Rhode Island Reintroduces Blockchain Study Bill, Extending Pro-Bitcoin Push
Rhode Island lawmakers have reintroduced Senate Bill S 2198, proposing a five-member commission to study blockchain technology and digital assets. The panel would review crypto activity nationwide, assess existing state laws, examine NFTs, and consult industry experts.
Chaired by the state’s Secretary of Commerce, the group would also include regulators and public members from finance and academia, with a final report due by January 2028.
This follows a separate initiative to exempt small Bitcoin transactions from state taxes, lowering friction for everyday use. Together, these steps point to a broader effort to improve regulatory clarity and attract blockchain businesses—an environment typically viewed as constructive for long-term institutional participation.
Tucker Carlson Presses Peter Schiff on Bitcoin as a Future Reserve Asset
Tucker Carlson recently challenged longtime BTC critic Peter Schiff on whether Bitcoin could eventually replace a weakening US dollar as a global reserve asset. Schiff dismissed the idea, criticizing proposals for a US strategic Bitcoin reserve and calling them a taxpayer-backed benefit for early holders.
He reiterated his view that BTC lacks practical use and remains purely speculative.
Schiff also questioned official US inflation data, blaming fiscal policy and government spending for rising prices. Carlson pushed back by asking how BTC differs from gold or equities as a store of value, noting gold’s monetary role despite limited everyday use.
The exchange highlighted the divide between traditional and digital asset views, while underscoring Bitcoin’s growing presence in broader monetary debates.
Trump-Backed American BTC Lifts Holdings to 5,843 BTC
American Bitcoin ($ABTC), a Bitcoin mining firm backed by the Trump family, has increased its Bitcoin holdings to roughly 5,843 BTC, placing it among the world’s top 20 corporate holders.
Since its Nasdaq debut in September 2025, the company has reported a Bitcoin yield of 116%, reflecting rapid accumulation through mining and selective purchases.
Donald Trump Jr. and Eric Trump together hold around 20% of American Bitcoin, while Hut 8 controls about 80% following its spinout and merger with Gryphon Digital Mining. Improved mining capacity and a return to profitability late last year helped lift reserves by more than 1,800 BTC in recent months.
Management says the strategy mirrors a broader trend among public miners treating BTC as a long-term balance-sheet asset rather than short-term liquidity.
Bitcoin Price Prediction: BTC Defends $88K as Downtrend Pressure Starts to Ease
Bitcoin price prediction seems neutral as BTC is trading near $88,400, stabilizing after a sharp pullback from the $95,500 peak earlier this month. On the 2-hour chart, price remains capped below a descending trendline from January highs, keeping near-term bias cautious.
Still, recent candles near $86,100–$87,000 show long lower wicks and small bodies, signaling fading sell pressure and steady dip buying.
The structure remains a descending channel, but momentum has slowed. The 50-EMA stays below the 100-EMA, with both compressing above the 200-EMA near $89,400, forming a decision zone rather than a breakdown. Key support sits at $86,100, then $84,200. Resistance is layered at $89,900, followed by $91,200 and $93,300.
RSI has recovered to around 50, pointing to balance instead of distribution. No bearish continuation patterns have followed the selloff, while recent spinning tops suggest consolidation. A shallow triangle below trendline resistance hints at building pressure.
A clean reclaim of $90,000 opens a path toward $93,300 and $95,500. Failure below $86,100 risks a move to $84,200.
Bitcoin Hyper: The Next Evolution of BTC on Solana?
Bitcoin Hyper ($HYPER) is bringing a new phase to the BTC ecosystem. While BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level speed. The result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.
Audited by Consult, the project emphasizes trust and scalability as adoption builds. And momentum is already strong. The presale has surpassed $31 million, with tokens priced at just $0.013645 before the next increase.
As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.
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