The deadline for the U.S. Treasury’s report on a Strategic Bitcoin Reserve ends today. This follows an executive order signed by U.S. President Donald Trump on March 6. The directive mandates Treasury Secretary Scott Bessent to present a valuation on using seized digital assets to form a Bitcoin reserve.

The crypto market is closely watching this move. Traders and analysts expect a major price rally if the government supports further Bitcoin accumulation. Bitcoin is currently priced at $93,840.45, with a monthly rise of over 12%.

Strategic Bitcoin Reserve: What the Treasury Report May Include

The expected Treasury report will outline how a U.S. Bitcoin reserve can be managed. It is likely to cover legal, investment, and custodial concerns. The report may also recommend legislative changes to support Bitcoin acquisition.

According to the executive order, the reserve will use digital assets seized in past federal operations. These assets are currently managed by the U.S. Marshals Service. Custody concerns could lead to partnerships with private firms or government institutions to store and secure Bitcoin.

The report may also examine whether holding Bitcoin aligns with national monetary policy. Experts believe this could lead to the end of auctions for seized BTC. Instead, the U.S. may hold these assets or expand its holdings through mining or over-the-counter deals.

BTC Price Outlook Amid Reserve Announcement

Market data shows rising optimism around the reserve deadline. Bitcoin’s daily trading volume has surged 40% in the last 24 hours, according to CoinMarketCap. Despite a recent weekly dip of 1.22%, investor sentiment remains strong.

Analyst Merlijn The Trader projected Bitcoin’s price to hit $120K. He based this on past cycles and the current accumulation phase. BitBull, another expert, sees a potential target of $130K if Bitcoin continues to test key breakout zones.

The crypto market is also responding to Bessent’s earlier comments. He recently called Bitcoin a “store of value,” which led to a brief rally in price. Historical price movements show that U.S. government involvement often drives short-term spikes.

Global Policy Shift and Competitive Positioning

Analysts say the report could trigger a change in how governments treat Bitcoin. Countries may reassess their own digital asset strategies if the U.S. commits to holding BTC. This could lead to competition among central banks to add Bitcoin to their reserves.

Blockchain data firms like Glassnode and Messari report growing interest from traditional institutions. Many now see Bitcoin as a hedge against inflation and currency devaluation. If the U.S. officially holds BTC, it may set a precedent that other countries could follow.

The Federal Reserve is also reviewing long-term digital currency policy. Analysts expect new statements this quarter that may align with today’s Treasury report. This adds more weight to the current developments.