Bitcoin Surges 7% to Over $92K Following Trump's Announcement of U.S. Crypto Strategic Reserve

Bitcoin (BTC) has seen a significant rally, surging 7% in the past hour to exceed $92,000 after former President Donald Trump announced the U.S. will establish a strategic reserve for cryptocurrencies. The current price reflects a 15% increase from recent lows of $78,000, with the rally attributed to strong spot demand rather than speculative trading. Data indicates that over $200 million in spot inflows occurred in the last hour, as buyers showed aggressiveness in the market, while futures open interest declined, suggesting the surge is driven by genuine buying interest. This development points to a robust and organic price movement in Bitcoin.