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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
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#Bitcoin Strategic Reserve
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.
Bitcoin rose 0.8% to $91,097, according to LSEG.
Stock futures were sliding Thursday as the market struggled to make sense of U.S. President Donald Trump’s trade policies ahead of jobs numbers that could help determine how many times the Federal Reserve is able to cut interest rates in 2025.
The three blue-chip U.S. indexes staged a comeback Wednesday after the White House gave car makers a one-month reprieve from tariffs. Press Secretary Karoline Leavitt said Trump might be open to granting more exemptions, boosting investors’ hope that he could scale back some of the levies he’s promised to impose on other sectors.
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