The price of bitcoin briefly exceeded $90,000 after former US President Donald Trump mentioned five tokens in a post about a crypto reserve, causing prices to surge. However, bitcoin lost those gains on Monday and traded in the mid-80s on Tuesday. The surge on Wednesday was not due to Trump's address to Congress, but rather because Commerce Secretary Howard Lutnick stated that a bitcoin strategic reserve is of interest to the president and could be executed on Friday. Lutnick, who previously mentioned that traditional finance firms would embrace bitcoin, suggested that tokens other than BTC could be treated differently but positively. The comments are seen as noncommittal, and it is anticipated that further information will be provided at Friday's crypto summit. Bitcoin advocate Michael Saylor will be attending the event and was asked if any assets other than bitcoin should be included in a US crypto reserve.



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