President Donald Trump has announced the creation of a U.S. strategic cryptocurrency reserve, consisting of five cryptocurrencies including Bitcoin. This announcement caused a 10% surge in the price of Bitcoin. Currently, Bitcoin is trading at $92,930.26, with a 24-hour trading volume of $75.87 billion. Its market capitalization has risen by 8.33% to reach $1.84 trillion, and its market dominance stands at 61.47%. The futures market has also seen growth, with total open interest increasing by 6.64% to $54.64 billion. Trump's announcement has had a significant impact on the market, reflecting the shift in regulatory approach under the new administration. Institutional investors, such as Japanese hotel developer Metaplanet, have also shown continued confidence in Bitcoin. While the short-term outlook appears bullish, investors should be cautious of potential volatility as the market responds to evolving news and policy changes.



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