Instead of waiting to see whether Donald Trump follows through on his endorsement of a national “strategic’ Bitcoin stockpile, states are taking matters into their own hands.

The world's leading cryptocurrency may reach $160,000 later this year, and even jump to $240,000 in a best-case scenario, according to an expert.

Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White

The absence of any immediate imposition of broad tariffs in the wake of President Trump’s inaugural speech also provided some relief to equities.

There are already media reports that other nations, including Japan, Russia and China, are accumulating bitcoin ahead of a possible SBR announcement by the US. And Trump has even indicated that he might repeal a controversial crypto accounting rule that would allow banks to hold more bitcoin.

A new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell sky

Trump made good on that pledge last month, selecting Paul Atkins to head up the U.S. Securities and Exchange Commission. Atkins, who served as an SEC commissioner from 2002 to 2008, is widely known as a strong supporter of the cryptocurrency market.

Bitcoin climbed back above $100,000 on Wednesday, rising on fresh inflation data that lifted stocks and regulatory news seen as bullish for cryptocurrency.

There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.

Bitcoin(CRYPTO: BTC) has made another notable 24-hour move today, increasing 2.6% since 4 p.m. ET yesterday (as of 1:30 p.m. ET), with Ethereum(CRYPTO: ETH) and Dogecoin(CRYPTO: DOGE) also catching a bid, surging 3.8% and 4.4, respectively, over the same time frame.

The three real catalysts for Bitcoin's sustainable price rise include regulatory changes that enable wider institutional participation, relaxed restrictions on retirement investments, and increasing recognition of Bitcoin as a strategic reserve asset similar to gold.

China currently dominates the market for the hardware and software used to mine cryptocurrency. Creating a large federal reserve would expose a major U.S. asset to potential Chinese meddling.