Bitcoin Surges Past $92K as Markets Anticipate White House Crypto Summit
Speculation grows over potential U.S. strategic crypto reserve and China's economic stimulus plans.
- Bitcoin's price rebounded above $92,000 after a volatile week, with traders eyeing the upcoming White House Crypto Summit on March 7.
- Rumors suggest President Trump may announce a U.S. strategic bitcoin reserve, though no official confirmation has been provided.
- China's central bank confirmed plans to cut interest rates and inject liquidity, actions that previously boosted bitcoin and other risk assets.
- Market volatility remains high as investors weigh the impact of U.S. tariffs and global economic uncertainty on crypto and traditional markets.
- Bitcoin dominance has risen above 60%, reflecting cautious investor sentiment, while altcoins like Ether have seen declining market share.