Bitcoin Rises on Optimism Over Trump's Pro-Crypto Actions
Bitcoin is experiencing a rise in price due to optimism over President Trump's recent moves to support the cryptocurrency sector. Trump's plans for a strategic crypto reserve and the appointment of crypto advocate Paul Atkins to head the Securities and Exchange Commission have bolstered sentiment. However, the outlook for bitcoin this quarter depends on whether the Trump administration follows through on its crypto-friendly promises. U.S. policy developments are likely to have significant implications for bitcoin in the near term.