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Many in the US woke up Wednesday to bitcoin back above $90,000.
After Donald Trump mentioned five tokens in his Sunday post about a crypto reserve, prices soared. BTC included (despite confusion from some about why this wouldn’t be a BTC-only reserve).
Bitcoin ascended to about $95,000 Sunday, but essentially lost all those gains Monday. It traded in the mid-80s for much of Tuesday.
The early Wednesday surge wasn’t because Trump mentioned BTC in his address to Congress Tuesday night. He didn’t.
Rather it came after Commerce Secretary Howard Lutnick reportedly said a…
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