Bitcoin: ARMA Bill Enters House Hearing on Reserve

Bitcoin strategic reserve discussion intensifies as the House CLARITY Act field hearing in New York takes up H.R. 8957, the American Reserve Modernization Act, authorizing Treasury bitcoin purchases via budget-neutral methods with mandatory audits and custody standards.

Price action shows BTC at $64042.46 holding its bullish structure above EMA50 support at $63715.01 while the MACD death cross at -56.5 caps momentum, with neutral RSI at 51.33 leaving room for a test of upper Bollinger resistance at $65648.38 before continuation. This development shapes BTC price prediction models, reduces crypto market crash risks through institutional reserves, and carries AI industry impact on digital asset adoption.