Discover how Trump's order to create a crypto reserve is impacting Bitcoin's price. Will it reach $150,000? Learn more about recent Bitcoin trends and technical analysis.
In the past 24 hours, the price of Bitcoin (BTC) has surged by 10%, crossing the $93,000 mark. This increase follows a drop to the recent 120-day low of $78,200 on Friday. Recent Bitcoin growth is mainly influenced by Donald Trump’s executive order to establish a ‘crypto strategic reserve’ and re-entry of investors after last week’s extensive liquidation. Meanwhile, the announcement of new trade tariffs on Canada and Mexico starting from March 1st is seen as a factor increasing demand for Bitcoin as an economic volatility hedge.
