Bitcoin had another big weekend, fueled by ongoing speculation around President Trump's plans for a Bitcoin Strategic Reserve.
Bitcoin price soared over the weekend amid rumors of President Trump's plans to establish a Bitcoin Strategic Reserve, according to multiple sources. This surge in BTC follows a volatile week marked by dramatic price swings and sharp drops.
After breaching the $100,000 milestone on December 4th, Bitcoin's rapid ascent was followed by a quick decline, triggering liquidations that shook traders and dragged down the broader crypto market.
However, Bitcoin has since stabilized, showing resilience at record levels. While BTC commands the spotlight, other cryptocurrencies, such as Dogecoin and XRP, are experiencing more gradual gains.
Dogecoin, the meme-inspired cryptocurrency with a dedicated following, rose by 2% during the day, reaching a trading price of $0.403. Despite this gain, Dogecoin remains lower than its three-year high of $0.48, attained just over a week ago. The coin's 13% decline over the past week reflects the recent turbulence in the crypto market.
XRP, on the other hand, is trading at $2.42, showing a modest 1% gain in the past 24 hours. The Ripple-linked token recovered from a brief dip below $2 last week but remains below its seven-year high of $2.82, reached earlier this month.
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