Bitcoin price hovers around $97,000 on Wednesday after falling 3.5% the previous day. President Trump’s crypto czar David Sacks says they will evaluate a Bitcoin Reserve. A K33 report highlights that Bitcoin CME traders maintain a defensive position and suggest investors avoid leverage at any cost.

Bitcoin faces multiple challenges to its bullish momentum as it trades near $100,000, including tightening USD liquidity, uncertainty over U.S. policy implementation, and escalating global trade tensions.

White House crypto czar David Sacks declared that the U.S. was on the cusp of a “golden age in digital assets,” following years of regulatory uncertainty. While Sacks acknowledged that the Trump administration’s specific crypto policies were still in development,

David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.

David Sacks, the country's first AI and crypto czar, will outline the Trump administration's plans for the sector.