Bitcoin jumps nearly $14,000 in three days on Trump's crypto reserve announcement

Bitcoin was last trading above the $92,000 level, which is 18% above its Friday low of $78,226.23, according to Coin Metrics. Ether was up 13% in the same period at about $2,300. Bitcoin rallied over the weekend after President Donald Trump announced a U.S. strategic crypto reserve and teased new details about the highly anticipated move by his cryptocurrency industry backers. Over the weekend, Trump announced the creation of a strategic crypto reserve – a pivot from the "bitcoin stockpile" he previously touted – that he said will include ether, XRP , Solana's SOL token and Cardano's ADA , in addition to bitcoin. Bitcoin rose as high as $95,000, while the smaller coins rocketed double digits. It was welcome news to investors, who have been anxious for cryptocurrencies to come out of their consolidation. Last week, bitcoin fell under the key $90,000 level for the first time in three months to, at one point, 25% below its January all-time high. That break below support put it at risk ... Read full article.