Bitcoin has experienced significant fluctuations in price and investor sentiment, largely influenced by President Trump's announcement of a national crypto reserve. Bitcoin briefly crossed the $93,000 mark but is currently trading at $92,512.49, with a decrease of 1.89%. Despite this dip, Bitcoin's market capitalization remains strong at over $1.8 trillion. Trading volume has surged to $74.1 billion, indicating heightened market activity. The CME Bitcoin March futures and Bitcoin ETFs have also experienced significant shifts. Trump's announcement has sparked optimism, leading to a 10% price surge and discussions about Bitcoin reaching $100,000. Altcoins like XRP, ADA, and SOL have seen gains, shifting some attention away from Bitcoin. The Swiss National Bank President has dismissed Bitcoin as a viable reserve asset due to volatility and liquidity concerns. Analysts suggest that Bitcoin's price may face downward pressure if key support levels fail. The upcoming White House crypto summit is expected to provide further regulatory insights that could impact Bitcoin's trajectory.



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