Bitcoin faces market turbulence as its price struggles below $70,000, eroding some retail investor confidence. However, the U.S. government remains a dominant holder with a strategic reserve, while institutional investments via ETFs show renewed interest. Global adoption continues to grow, led by India, despite regulatory uncertainties in key markets.
Bitcoin’s price declined 1.4% in 24 hours, trading near $67,996 as of February 17th. It has fallen over 28% in a month, repeatedly failing to break the $70,000 resistance level.
Despite this market pressure, Arkham Intelligence data reveals the U.S. government holds approximately 328,372 BTC worth about $22.5 billion. The analytics platform remarked, “The US Government is bullish on Bitcoin.”
Under President Donald Trump, the country has adopted a supportive stance toward Bitcoin. It now treats BTC as a strategic asset with plans for a permanent Digital Asset Stockpile.
Bitbo data shows the U.S. holds more Bitcoin than any other nation, leading China and Ukraine. Meanwhile, Chainalysis reported India ranked first in global crypto adoption for the third consecutive year in 2025.
This growth was discussed in India’s Rajya Sabha during the Union Budget debate. MP Raghav Chadha criticized the government for profiting from crypto users without providing clear legal safeguards.
Institutional interest appears persistent as Bitcoin ETFs recorded $15.1 million in inflows on February 15th. This pushed their total accumulated value close to $100 billion since launch.
However, a CoinShares report indicates crypto investment products have seen four consecutive weeks of outflows. It remains unclear if this is a short-term downturn or a correction preceding future growth.
