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Cynthia Lummis is still fighting hard for Bitcoin. For those unfamiliar, Senator Lummis is the force behind the so-called “Lummis Bill,” more formally known as the Strategic Bitcoin Reserve. The original bill, introduced last July, proposed that the US government accumulate one million Bitcoin over five years.
However, when President Trump signed the executive order in March to establish the Strategic Bitcoin Reserve, there was no formal plan to actually buy those one million coins. That omission left many investors disappointed.
But overnight, Senator Lummis reassured markets that Trump remains supportive of her original vision. She reaffirmed that the only viable solution to America’s $36 trillion debt burden is to pass the Bitcoin Act and begin systematic BTC accumulation. With Lummis continuing to push this agenda, it feels like a matter of when, not if, Trump greenlights the plan to start buying Bitcoin using government funds.
If and when that announcement comes, expect buying pressure and FOMO unlike anything the market has ever seen. This isn’t the kind of move you want to chase. Get allocated now—before the herd comes running.
Stormrake Spotlight: Ripple (XRP) ($2.19)
Stormrake Spotlight: Ripple (XRP) ($2.19)
XRP slipped a marginal 0.11% yesterday, currently trading between the 21EMA and 55EMA. The market structure remains bullish, and momentum is gradually shifting toward bullish control. If XRP breaks above the 55EMA, the next upside target sits at $2.49. Immediate support lies at $2.12.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin just missed the $98K mark overnight, topping out at $97.9K. Since then, price action has pulled back toward the 55EMA. If that support fails, we’re watching $95.7K as the next key level. No alarm bells for bulls here—another higher high confirms the uptrend, and this retracement likely sets up a stronger higher low to further reinforce the bullish structure.
BTC Total ETF Flows for 2 May: $ (data not available at the time of writing)
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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