Bitcoin's price has surged in the past 24 hours, reaching the mid-$90,000s after a period of weakness. The rally has been attributed to a high-profile endorsement of cryptocurrencies from U.S. President Donald Trump. Trump revealed plans for a U.S. "Crypto Reserve" that would include Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement immediately sent prices soaring across the market. Other factors contributing to the rally include cooling inflation, the potential for lower interest rates, and a risk-friendly market environment. On-chain data also suggests a healthy rally supported by broad participation and the unwinding of short positions. Forecasts suggest Bitcoin could reach between $125,000 and $250,000 by 2025. The current price of Bitcoin is approximately $93,913.86.



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