Bitcoin Rises on Prospect of U.S. Strategic Reserve
March 6, 2025
Bitcoin was rising on speculation that President Donald Trump will unveil a U.S. strategic reserve of the digital currency during Friday’s White House crypto summit, Saxo Bank analysts said in a note.
“Uncertainty remains over the structure of Trump’s proposed bitcoin reserve, as policymakers remain divided,” they said.
Bitcoin was also boosted by improved risk sentiment after Trump announced a one-month reprieve for auto makers from his 25% tariffs on Canadian and Mexican imports that took effect Tuesday.
Search
RECENT PRESS RELEASES
Related Post
