- Wall Street Firms Eye Bitcoin for Reserve Holdings
- Bitcoin Volatility Jumps After Reserve Rumors
- AI Tokens Surge as Bitcoin Reserve Talks Emerge
A rumor has surfaced suggesting that several major Wall Street firms are exploring Bitcoin purchases for their reserves. The news, first reported by Crypto Rover on March 27, 2025, has sparked increased market activity.At the time the rumor emerged, Bitcoin was trading at $65,230 on Coinbase, reflecting a 2.5% gain from the day’s opening price of $63,650. Trading volumes surged between 13:00 UTC and 15:00 UTC, with Binance reporting 25,000 BTC traded and CME open interest rising by 10%.
Bitcoin Market Reacts with Increased Volatility
A single hour after the report Bitcoin’s volatility index (BVOL) rose from 45 to 52 levels. The marketplace adjustments demonstrate that traders made movements because of market predictions. The BTC/USD trading spread on Kraken and Bitstamp raised from $10 to $15 demonstrating traders grew uncertain about the market.
The Bitcoin to Ethereum exchange ratio reached 15.6 while leaving Ethereum’s price somewhat unchanged as investors briefly favored Bitcoin more. On-chain transaction records demonstrated that financial exchanges above $100,000 rose by 15% throughout one day.
Strong purchasing momentum emerged from a bullish engulfing formation that appeared on Bitcoin charts at the 4-hour time scale. During this timeframe the Relative Strength Index indicator went up from a value of 60 to 68. Despite this upward movement the gauge stayed under the defined overbought signals. During two hours Binance handled 25,000 BTC while Coinbase processed 15,000 BTC trades in the same interval. Active addresses participating on the Bitcoin network showed a 7% rise which signals an expanding network participation.
AI-Related Cryptocurrencies Respond to Bitcoin Rumors
The Bitcoin market slump influenced both Bitcoin and AI crypto assets especially SingularityNET (AGIX) and Fetch.AI (FET). The two cryptocurrencies experienced positive changes during the day as AGIX increased 4% to reach $0.85 and FET rose 3.5% to mark $1.20. Trading volume rose substantially for both AGIX and FET since one hour started where AGIX gained 20% while FET increased by 15%.
Investors currently favor AI token trades because they are attuned to emerging cryptocurrency market trends. AI-based trading algorithms seem to enhance market reaction time by using AI algorithms to contribute to boosted trading volume. Further growth in institutional Bitcoin adoption may lead to an enduring increase in the connection between Bitcoin and AI-related tokens.
