$BTC As of today, Bitcoin (BTC) is trading at approximately $80,628, reflecting a modest increase of 0.00687% from the previous close. However, it recently touched a four-month low of $76,867 before rebounding.

Several factors have influenced Bitcoin's recent performance:

U.S. Crypto Strategic Reserve Announcement: On March 2, 2025, President Donald Trump announced the creation of a U.S. Crypto Strategic Reserve, which includes Bitcoin, Ethereum, Ripple (XRP), Solana (SOL), and Cardano (ADA). This initiative aims to bolster the digital asset sector and position the U.S. as a leader in cryptocurrency adoption.

Market Sentiment: Despite initial optimism following the reserve announcement, broader market concerns, including economic slowdown fears and investor disappointment over the lack of active government purchasing plans for the reserve, have contributed to Bitcoin's recent decline.

In summary, while Bitcoin has experienced recent volatility, ongoing institutional interest and supportive regulatory developments may influence its future performance.