Bitwise CIO Matt Hougan highlights four overlooked bitcoin market catalysts, including potential government adoption and changing monetary policy, that could drive prices higher.

Bitcoin dropped under $119,000 after US Treasury Secretary Scott Bessent confirmed the government will not make new bitcoin purchases for its strategic reserve.

Strategy (formerly MicroStrategy) and El Salvador have recorded substantial profits as Bitcoin reaches a new all-time high above $124,000, with Strategy's holdings now valued at $77.2 billion and El Salvador's profit surpassing $468 million.

Senator Cynthia Lummis advocates for a gold revaluation to finance the US Strategic Bitcoin Reserve, aiming to bypass legal obstacles that limit the use of seized bitcoin for national reserves.

Markets reacted quickly to Scott Bessent’s comments, with bitcoin's price dropping almost 4% to below $118,000.

Adam Livingston proposes that the US government allocate tariff surpluses to build a strategic bitcoin reserve, while Treasury officials signal mixed intentions on further acquisitions.

The Federal Reserve has officially removed reputational risk barriers, allowing US banks to serve bitcoin and digital asset companies without fear of regulatory penalties.

Senate Banking Chairman Tim Scott anticipates that up to 18 Democrats may support a new bipartisan digital asset market structure bill, which would clarify regulatory oversight and introduce new asset classifications.

Brazil's Chamber of Deputies will hold its first hearing on a proposed $19 billion Bitcoin Strategic Reserve, aiming to diversify the country's treasury assets and shield international reserves from economic risks.

Bitcoin briefly fell below $113,000 ahead of Jerome Powell's Jackson Hole speech, with market participants watching for signals on future interest rate policy and corporate bitcoin accumulation continuing despite macroeconomic uncertainty.

A new Pennsylvania bill requires state officials to disclose and divest significant digital asset holdings, banning bitcoin transactions during and after their term.

The CFTC has initiated a two-phase Crypto Sprint to establish itself as the lead U.S. regulator for digital asset markets, aligning with President Trump’s directive.

Bitcoin's share of global money supply hit 1.7% as central bank monetary expansion and anticipated Fed rate cuts drive further interest in hard assets.