Bitcoin Surpasses $98,000 After Eric Trump Advocates for Investment
Bitcoin (BTC) surpassed $98,000 during Thursday's Asian trading hours. This rise followed a post by Eric Trump encouraging investment in BTC through the family-backed crypto platform. The price increased from $96,900 to $97,830 after his statement.
- Micro CME futures topped $98,000.
- David Sacks, the Trump administration's AI and crypto czar, indicated that a strategic bitcoin reserve is under evaluation.
- Sacks' comments disappointed investors expecting quick action on the reserve.
