Taiwan Considers Bitcoin Reserves as Ministry of Justice Seizes 210 BTC
Taiwan's Crypto Holdings: Taiwan's Ministry of Justice currently holds 210.45 BTC and approximately NT$1.3 billion in seized cryptocurrencies, primarily consisting of stablecoins, ETH, BNB, Tron, and Livepeer, as part of criminal investigations.
Political Debate on Bitcoin: The disclosure of these holdings has ignited a political debate regarding the classification of Bitcoin as a strategic reserve asset, with lawmaker Ko Ju-Chun advocating for its inclusion in national reserves.
Regulatory Developments: Taiwan's central bank and the Financial Supervisory Commission (FSC) are pushing for stricter regulations on stablecoins, with a proposed Virtual Asset Services Act that could delay the launch of local stablecoins until late 2026.
Future Management of Seized Assets: The seized digital assets are under state custody while authorities explore management options, including potential liquidation through public auctions, although no final decision has been made yet.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000596 | 0.00000891 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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