#USCryptoReserve Investing.com-- Bitcoin rose on Thursday, extending a rebound from recent losses amid heightened speculation over U.S. President Donald Trump’s plans for a crypto reserve before a White House summit this week. 

Risk appetite was also aided by Trump making some concessions in his recently imposed 25% tariffs against Canada and Mexico, although his tariffs against China persisted, while the U.S. president also flagged plans for more trade duties in April.

Still, Bitcoin was trading well above sub-$80,000 lows hit last week, when risk appetite was battered by concerns over slowing U.S. growth and a brewing global trade war. 

Trump’s earlier mentions of a crypto reserve had also sparked only fleeting gains in prices. 

Bitcoin rose 6.2% to $92,532.3 by 00:46 ET (05:46 GMT). Gains in the crypto also came tracking a recovery in global stock markets.