Bitcoin (BTC) surged past $106,000 following news of a scheduled call between U.S. President Donald Trump and El Salvador's President Nayib Bukele, a figure known for promoting cryptocurrency. Bitcoin experienced an increase of over 3% during this time, driven by speculation about regulatory discussions related to the cryptocurrency. Under Bukele's leadership, El Salvador has adopted Bitcoin as legal tender and accumulated over 6,000 BTC, valued at approximately $622 million, as part of its reserve strategy. The anticipation of insights into the U.S.'s potential plans to establish a national stockpile of Bitcoin further fueled interest in the digital asset. Trump's previous campaign promises included measures to position the U.S. as a leader in the crypto sector. The scheduled call is set for 3:30 p.m. ET, and many are keen to see how both leaders might align on cryptocurrency issues, which could impact the market significantly.

Source 🔗