The US "Strategic Bitcoin Reserve" Rumor (Unconfirmed Officially)

· Developments: There are reports that the US has established a "Strategic Bitcoin Reserve" and has stopped automatic liquidation of seized BTC, reclassifying it as sovereign-level treasury assets.
· Potential Impact: If true, it may be seen by the market as an official recognition of Bitcoin's value, potentially providing long-term price support. However, there is currently no official documentation confirmation, and traders should stay attentive.

🇸🇻 El Salvador Adjusts Bitcoin Acceptance Policy

· Developments: After negotiations with the IMF, El Salvador has changed Bitcoin acceptance from mandatory to voluntary, but the BTC held by the treasury remains unchanged.
· Potential Impact: This reduces the pressure on merchants to accept Bitcoin forcibly, but the country's holdings remain the same, possibly easing market concerns about "selling off." The medium- to long-term narrative still exists.

🇨🇳 China Regulatory Reaches New Heights

· Developments: The People's Bank of China recently held a meeting emphasizing continued crackdowns on virtual currency trading and speculation, clarifying that virtual currencies do not have legal tender status and should not circulate as currency.
· Potential Impact: This reaffirms China's regulatory stance, which may suppress market sentiment in the short term, especially affecting domestic investors' participation.

📜 US Cryptocurrency Legislation Progress and Midterm Elections

· Developments: The US Senate is pushing a comprehensive digital asset regulation bill, but the versions in both chambers still need coordination. Its passage before the 2026 midterm elections remains uncertain.
· Potential Impact: If passed, the bill will provide a clear regulatory framework for cryptocurrencies, potentially attracting more institutional funds; if delayed or failed, it could increase policy uncertainty.

🗳️ US Politicians' Statements and Market Expectations

· Developments: Former President Trump previously made pro-Bitcoin remarks, and the market expects that if he takes office, there might be a relaxation of cryptocurrency regulations, which is considered one of the recent drivers of Bitcoin's rise.
· Potential Impact: Policy statements around the US elections may continue to influence market sentiment and price volatility.

Overall, the political factors affecting Bitcoin today mainly focus on policy developments and rumors between China and the US. China's regulatory tightening may suppress market sentiment in the short term, while US rumors of a strategic reserve and legislative progress could bring medium- to long-term positive expectations. El Salvador's policy adjustment indicates a more pragmatic phase in national Bitcoin adoption.