Several factors contributed to the recent price movements of Bitcoin:
Strategic reserve advertisementThe President announced the establishment of a strategic encryption reserve, including Bitcoin, Ethereum, Solana, Cardano and Ripple. This initiative aims to put the United States as a pioneer in the area of digital assets.
Global economic conditions: Selling in the broader market, driven by concerns about definitions and economic slowdown, has affected digital assets, which prompted investors to move away from the most dangerous investments.
