Bitcoin surges back to $90,000 as Trump eyes special status in his strategic crypto reserve

Despite fierce backlash from the cryptocurrency community over his proposed strategic crypto reserve, President Donald Trump is set to unveil plans for it at the White House Crypto Summit on Friday. Commerce Secretary Howard Lutnick said Bitcoin would receive a “unique status” under Trump’s framework, while other cryptocurrencies would be regulated differently.
Bitcoin surged more than 4% on Wednesday afternoon following the news, hovering around $90,300.
On Sunday, Trump shifted his focus from a Bitcoin-only reserve to a more diversified approach. His plan envisions a reserve comprising Bitcoin — often hailed as “digital gold” for its inflation-hedging properties — alongside Ether, XRP, Solana, and Cardano.