The price of Bitcoin is currently trading at $87,692, representing a 0.57% increase from the previous close. Bitcoin experienced high volatility over the weekend, reaching a high of $95,136 before dropping to $82,986 on Tuesday. This drop was a result of short-term traders taking profits after President Trump announced a U.S. strategic crypto reserve that includes Bitcoin, Ethereum, XRP, Solana, and Cardano. The White House Crypto Summit, scheduled for March 7, 2025, will address regulatory frameworks and crypto integration into the financial system. The outcomes of this summit could have an impact on Bitcoin's future movements, and the market will be closely watching for any pro-crypto stance from the U.S. government. Despite short-term volatility, Bitcoin is expected to experience long-term growth due to increasing institutional accumulation and macro policy shifts. Traders and investors should monitor events like the White House Crypto Summit and institutional backing to determine Bitcoin's trajectory in the short term.



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