Bitcoin price rises ahead of Trump’s speech at crypto summit
Bitcoin’s (BTC-USD) price has surged ahead of US president Donald Trump’s anticipated address at the Digital Asset Summit (DAS) in New York on Thursday.
Bitcoin rose more than 3% on Thursday to trade above $86,000 (£66,382), a 7% gain in the past week, according to CoinGecko data.
Trump’s upcoming speech follows a significant policy move earlier in March, when he signed an executive order establishing the US Strategic Bitcoin Reserve (SBR). The order states that bitcoin deposited into the reserve will not be sold, but instead maintained as a long-term strategic asset to bolster the US’s financial stability.
Joining the speaker lineup at DAS is Strategy’s (MSTR) — formerly MicroStrategy — Michael Saylor, who will…
