Bitcoin ($BTC

is currently trading at $88,133, reflecting a 4.74% decrease from the previous close. The intraday high reached $92,519, while the low touched $84,971.

This decline follows President Trump's announcement of a U.S. Bitcoin Strategic Reserve, funded by seized assets, which initially caused market uncertainty. The announcement led to a surge in trading volume, with Bitcoin experiencing a 25 billion USD spike in activity within an hour, indicating heightened market activity and panic selling.

Investors are now closely monitoring the upcoming White House Crypto Summit, as its outcomes could significantly influence Bitcoin's market dynamics.