The price of Bitcoin has dropped below $95,000 as the odds of a Strategic Bitcoin Reserve (SBR) being created in the United States have declined. A poll on Polymarket placed the chances of former President Donald Trump establishing an SBR in the first 100 days at 12%, down from a peak of 40% in January. The likelihood of the Texas Strategic Bitcoin Reserve Act being signed this year has also dropped. Despite this, legislators in various states are introducing bills to create similar reserves. The US government is considering creating an SBR, and one possible option is to use Bitcoin seized by the government. A US SBR could potentially encourage other countries to do the same. Meanwhile, Bitcoin's price has remained in a tight range above the 100-day moving average on the daily chart, and various chart patterns suggest a potential rebound in the coming weeks.



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