Bitcoin $BTC is trading at $88,256, reflecting a slight decrease of 0.135% from the previous close.
In recent developments, President Trump signed an executive order establishing a strategic Bitcoin reserve, utilizing Bitcoin already owned and forfeited by the federal government. This initiative aims to bolster national digital asset security without additional taxpayer expenditure.
The cryptocurrency market has experienced notable fluctuations in response to this announcement. Bitcoin's price surged to $92,793 before settling at its current level. Ethereum and other major cryptocurrencies have also seen significant movements, reflecting the market's dynamic nature.
Additionally, Bitcoin mining companies have invested approximately $4.6 billion in infrastructure during Q4 2024, with industry-wide spending reaching $4.95 billion—a fourfold increase from 2023's $1.2 billion.
These developments underscore the growing institutional interest and investment in the cryptocurrency sector.
