Basic Attention Token (BAT) is up 6.6% to $0.1564, outperforming the broader market, where Bitcoin (BTC) is rising by 1.2% to $82,370. U.S. AI and crypto czar David Sacks dismissed speculation that the government would directly purchase cryptocurrencies, instead stating that it would utilise seized crypto holdings. Nevertheless, the creation of the U.S. crypto reserve remains a highly bullish development for the market.
BAT is rebounding from its $0.1500 support level and could be targeting $0.2000, provided Bitcoin maintains a positive trajectory.
