President Donald Trump announced plans to form the United States’ first strategic cryptocurrency reserve (SCR). Trump shared the news on his social media platform Truth Social, stating that the reserve will include Bitcoin,

Made in USA coins will be in the spotlight this week as Donald Trump hosts the first crypto summit in Washington. He is expected to announce the Strategic Bitcoin Reserve, a move that may lead to more demand in the near term.

Bitcoin (BTC-USD), ether (ETH-USD) and other token prices reversed higher in Wednesday morning trading, as persistent volatility continued to grip the crypto market ahead of President Donald Trump's much-anticipated summit.

Bitcoin's fundamentals held up well during the latest dip, suggesting underlying strength, Swissblock analysts said.

Bitcoin (BTC) has declined by more than 15% since Feb. 3—when US President Donald Trump threatened to impose tariffs on China, Mexico, and Canada—and was trading for as low as around $86,400 as of March 5.

Bitcoin, the world's largest cryptocurrency, jumped by more than 5%, reaching $90,313 after a Trump administration official hinted that the U.S. might roll back some tariffs on Mexico and Canada. U.S.