Bitcoin has recovered to $90,000. This is interpreted as reflecting expectations for the concretization of policies ahead of the White House-hosted 'White House Crypto Summit.'
According to CoinMarketCap, a global cryptocurrency market tracking site, as of 10:31 AM on the 6th, Bitcoin recorded $93,002.25, up 3.64% compared to the previous trading day. Ethereum, Ripple XRP, and Solana also rose by more than 1-3%.
Bitcoin reached $94,000 earlier this month but fell to $82,000 due to uncertainties such as U.S. tariff policies. However, after former U.S. President Donald Trump posted on social media that he instructed to promote strategic reserves of cryptocurrencies, Bitcoin rebounded but then declined again, giving back the gains.
The recent upward trend appears to be driven by expectations for the concretization of cryptocurrency policies. On the 7th (local time), the U.S. Crypto Summit is expected to detail the cryptocurrency policy plans of the second Trump administration. On this day, CEOs of the cryptocurrency industry will also gather in one place.
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