Market Sentiment Shifts Amid Growing Optimism for Strategic Bitcoin Reserve

Bitcoin and Ethereum traded sideways on Monday as high-profile sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve. The cryptocurrency market capitalization stood at $2.21 trillion, following a modest increase of 0.48% over the last 24 hours.

Strategy Inc., one of the world's largest corporate holders of cryptocurrency, reported selling 3,588 BTC for roughly $216 million last week. However, this was offset by growing optimism for a Strategic Bitcoin Reserve, with the White House saying the Trump administration 'continues to evaluate the best structure' for it.

Ethereum oscillated between $1,728 and $1,820 throughout the day, with trading volume surging 43% over the last 24 hours. Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead.