{"id":62009,"date":"2025-01-20T09:29:20","date_gmt":"2025-01-20T14:29:20","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=62009"},"modified":"2025-01-20T09:29:53","modified_gmt":"2025-01-20T14:29:53","slug":"crypto-update-bitcoin-price-jumps-following-speculation-of-strategic-bitcoin-reserve-under-trump","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-update-bitcoin-price-jumps-following-speculation-of-strategic-bitcoin-reserve-under-trump\/62009\/","title":{"rendered":"Crypto update: Bitcoin price jumps following speculation of Strategic Bitcoin Reserve under Trump"},"content":{"rendered":"<p>As of 9:24 am EST on Monday, 20 January 2025, Bitcoin\u2019s price surged by 2.93% during trading, reaching $107,825.36, with a market cap of $2.136 trillion and a 24-hour trading volume of $114.34 billion, reflecting growing investor confidence.<\/p>\n<p>Bitcoin has reached a new all-time high of $109,558 during early trading hours on January 20, 2025, aligning with President Donald Trump\u2019s inauguration day. Market speculation centers around the possibility of Trump establishing a Strategic Bitcoin Reserve (SBR) through an executive order. This idea has been discussed for months, and a surge in the odds of such a move, hitting 59% on Polymarket, coincided with Bitcoin\u2019s price jump.<\/p>\n<p>The speculation was fueled by recent meetings between influential Bitcoin advocates, including Senators John Barrasso and Cynthia Lummis, and Trump\u2019s administration. Lummis has been working on legislation for a government Bitcoin reserve, proposing the purchase of 1 million Bitcoin.<\/p>\n<div class=\"flex-1 overflow-hidden @container\/thread\">\n<div class=\"h-full\">\n<div class=\"react-scroll-to-bottom--css-gffsx-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-gffsx-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full scroll-mb-[var(--thread-trailing-height,150px)] text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-5\" data-scroll-anchor=\"true\">\n<div class=\"m-auto text-base py-[18px] px-3 md:px-4 w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"f806d30d-c5e8-44d1-acc0-9956d242cf0d\" data-message-model-slug=\"gpt-4o-mini\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only and does not constitute financial advice.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As of 9:24 am EST on Monday, 20 January 2025, Bitcoin\u2019s price surged by 2.93% during trading, reaching $107,825.36, with\u2026<\/p>\n","protected":false},"author":434,"featured_media":60341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[3925,23173,22388,3926,22582,24371,19169,22334,24368,24370,24124,15006,24369,24367,24366,750],"class_list":["post-62009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-bitcoin-surge","tag-btc","tag-cryptocurrency","tag-cryptocurrency-news","tag-cynthia-lummis","tag-digital-assets","tag-financial-news","tag-inauguration-day","tag-john-barrasso","tag-market-speculation","tag-microstrategy","tag-polymarket","tag-sbr","tag-strategic-bitcoin-reserve","tag-trump"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=62009"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/60341"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=62009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=62009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=62009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}