White House Crypto Policies and Their Impact on Bitcoin

Cryptocurrency prices, including Bitcoin, declined following the Federal Reserve's policy announcement and the White House's digital asset report, which outlined regulatory recommendations and a potential Bitcoin reserve. The Fed maintained interest rates, signaling possible easier monetary policy, which historically has boosted Bitcoin prices. The White House report emphasizes the transformative potential of digital assets and advocates for clearer regulation, a Bitcoin reserve, and opposition to a central bank digital currency. Market reactions have been mixed, with Bitcoin trading around $116,200 amid ongoing consolidation.