Morning Watch: Bitcoin holds steady at $68K, White House regulatory agreement could be a new catalyst As of 8:00 AM Beijing time on March 22, Bitcoin is priced at $68,391, continuing to fluctuate around the $68K mark. This price level is just a step away from its all-time high, with market sentiment leaning cautiously optimistic. Here are today’s key news highlights: 1. **White House reaches preliminary crypto regulatory agreement** According to *Bitcoin Magazine*, the White House has reached a preliminary agreement on a cryptocurrency regulatory framework. If finalized, this could provide clearer rules for the U.S. crypto market, reducing policy uncertainty and potentially encouraging more institutional funds to enter the space in the long term. The market is currently awaiting further details, so investors should keep an eye on upcoming developments. 2. **Bitcoin whale movement draws attention** Blockchain data reveals that a Bitcoin address dormant for over 13 years recently moved 2,100 BTC, valued at approximately $148 million. The awakening of such "ancient" addresses often raises concerns about selling pressure, but it also signals that early holders are engaging with the current market cycle. It remains to be seen if there will be consecutive large transfers. 3. **Technical warning signals** CoinDesk analysts note that Bitcoin’s current price action resembles the pattern seen before its previous drop to $60K. While short-term volatility is inevitable, the long-term bull market structure remains intact. Key support is at $65K—if breached, it could trigger a deeper correction. 4. **Public companies compete in Bitcoin holdings** Eric Trump took to social media to celebrate that "American Bitcoin" now holds more BTC than Galaxy Digital. The continued accumulation of Bitcoin by public companies reflects growing demand from traditional capital for digital asset allocation. Overall, Bitcoin has found support around $68K, with fundamentals bolstered by positive developments like the White House regulatory progress. However, technical indicators suggest caution regarding short-term pullbacks. Investors are advised to maintain moderate positions, watch the $65K support level, and consider scaling in if it breaks; if Bitcoin breaks above $70K, it could open up new upside potential. (Data as of 8:00 AM on March 22, for reference only, not investment advice.)