$BTC #WhiteHouseCryptoSummit #USCryproReserve

As of March 8, 2025, Bitcoin (BTC) is trading at approximately $86,203, reflecting a 3.28% decrease from the previous close. The day's trading range spans from a high of $91,093 to a low of $85,345.

This recent downturn follows President Donald Trump's executive order establishing a "Strategic Bitcoin Reserve," utilizing approximately $17 billion worth of Bitcoin seized from criminal activities. The announcement initially caused market uncertainty, leading to a price dip from about $90,000 to $85,000.

In a related development, the Office of the Comptroller of the Currency (OCC) has clarified that federal banks are now permitted to engage in Bitcoin and cryptocurrency activities, potentially broadening institutional adoption.

Additionally, liquidity is concentrating around the $100,000 mark, indicating a pivotal point for Bitcoin's future price movements.

Overall, Bitcoin's market dynamics are influenced by recent regulatory developments and liquidity trends, contributing to its current volatility.