Investing.com– Bitcoin rose on Tuesday, extending recent gains and briefly hitting record highs on sustained optimism over the potential for a Strategic Reserve under incoming U.S. President Donald Trump.
Crypto markets were also cheered by MicroStrategy being added to the , although overall gains petered out in anticipation of a Federal Reserve meeting this week.
rose 3.5% to $107,380.0 by 09:06 ET (14:06 GMT), just below the all-time high of $107,822 it reached a day earlier.
Bitcoin boosted by Trump talk on strategic reserve, but questions persist
Bitcoin’s latest rally came largely after Trump raised the prospect of a Strategic Bitcoin Reserve, akin to the government’s petroleum reserve, during an interview with CNBC last week.
Trump had promised crypto-friendly regulations if elected, with his recent nominations for key cabinet and regulatory positions all harboring…
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