Bitcoin Steady At $109K, Trump’s Crypto Pivot And $2.5B Institutional Buys Drive Action
Bitcoin (CRYPTO: BTC) is currently trading at $109,051, marking a daily gain of 0.21%. It reached an intraday high of $110.425, and a low of $108,616, surging by 4.08% over the past week. The momentum has cooled in spite of the US government insiders suggesting Bitcoin purchases amid IMF pushback.
David Sacks, the Trump administration’s AI and crypto czar, outlined a policy shift at the Bitcoin 2025 conference in Las Vegas. Speaking alongside Gemini cofounders, Sacks detailed actions that the administration has taken to reverse what he described as years of regulatory hostility toward crypto.
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It included the creation of a Strategic Digital Asset Reserve, a program allowing the federal government to hold and potentially increase its Bitcoin holdings. While the reserve will initially be stocked with BTC seized by the government, Sacks confirmed that the framework permits additional Bitcoin purchases …
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