Bitcoin Rises on Prospect of U.S. Strategic Reserve -- Market Talk

Dow Jones03-06

0905 GMT - Bitcoin rises on speculation that President Trump will unveil a U.S. strategic reserve of the digital currency during Friday's White House crypto summit, Saxo Bank analysts say in a note. "Uncertainty remains over the structure of Trump's proposed bitcoin reserve, as policymakers remain divided," they say. Bitcoin is also boosted by improved risk sentiment after Trump announced a one-month reprieve for automakers from his 25% tariffs on Canadian and Mexican imports that took effect Tuesday. Bitcoin rises 0.8% to $91,097, according to LSEG.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 04:06 ET (09:06 GMT)

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