On December 6, 2023, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve. After the announcement, the price of Bitcoin quickly surged before rapidly falling back, consecutively breaking through key levels of 89000, 88000, 87000, and 86000. Analysts believe that after Trump fulfilled his campaign promise, the market needs more positive news to support the price of Bitcoin.

White House announces strategic Bitcoin reserve and U.S. digital asset storage

White House officially includes Bitcoin in strategic reserves