Bitcoin price revived by Trump strategic reserve plans after poor start to 2025

Bitcoin and other major cryptocurrencies rallied after US President Donald Trump outlined the potential for a national strategic reserve of digital assets.

The world's biggest cryptocurrency and its major peers have largely spent 2025 in the doldrums as the initial excitement over Trump's second term eased.

Having climbed to a record high in December at $108,786, as investors welcomed a more crypto-friendly US regulatory environment, bitcoin had fallen as low as roughly $78,200 by the end of last week.

The price has faltered as US regulators have delivered mixed signals to crypto investors, notably excluding 'meme coins' from definition as securities under US federal law.