Bitcoin's price soared above $106,000 as speculation builds around a potential U.S. strategic Bitcoin reserve under President Trump. Earlier in the day, the cryptocurrency was priced around $101,000 to $102,000 before Senator Cynthia Lummis hinted at exciting news via social media. As expectations grew following her announcements, Bitcoin's value increased significantly, reaching highs of $106,732. Lummis emphasized the importance of urgent legislation for digital assets to maintain the U.S.'s leadership in financial innovation. In light of Trump's pro-crypto stance, there is optimism that a national Bitcoin reserve could be established, which might foster further adoption of digital assets within the U.S. economy. The day closed with Bitcoin gaining almost 3% and nearly 7% over the week, indicating bullish sentiment in the market.

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