Tom Lee, head of research at Fundstrat Capital, predicts that Bitcoin may hit its bottom this week, along with the equities market. He refers to an earlier prediction by Fundstrat's tech analyst that Bitcoin could drop to $52,000 or $70,000 before rallying again. Lee expects Bitcoin to reach over $150,000 this year, citing increased acceptance and the potential involvement of Citadel Securities. Additionally, President Joe Biden has approved the creation of a strategic cryptocurrency reserve for the US, which includes Bitcoin, Ethereum, XRP, ADA, and SOL. The prices of these coins experienced double-digit gains, with Bitcoin currently trading at $93,160 and XRP at $2.69.



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