Bitcoin's price has recently experienced significant fluctuations, influenced by major political developments. Following President Donald Trump's announcement of a U.S. Crypto Strategic Reserve, Bitcoin surged to an intraday high of $94,878. However, it has since declined, currently trading at $85,797, marking a decrease of 8.51% from the previous close.
The initial surge was driven by the inclusion of leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Solana, and Cardano in the proposed reserve. Despite this positive development, Bitcoin has struggled to maintain its momentum, facing resistance in surpassing the $100,000 mark.
Investors are advised to monitor these developments closely, as the cryptocurrency market remains highly volatile.