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Bitcoin's Price Climbed To $96K On Thursday. Optimism Over New Regulatory Policies Boosted The Market. The Rise Follows Reports Of Trump's Administration Favoring Crypto-friendly Reforms. Traders Now Watch For Further Moves Toward $100K.

The Impact Of Trump Crypto Policies On Bitcoin Price

Trump's Team Plans To Shift Crypto Oversight To The CFTC. Unlike The SEC, The CFTC Has Lighter Regulations. This News Has Sparked Hope Among Crypto Investors. A Move To The CFTC Could Ease Pressure On The Industry. However, It Remains Uncertain How These Policies Will Evolve.

Bitcoin Price And The Strategic Reserve Proposal

Trump's Proposal For A Bitcoin Reserve Faces Hurdles. The Treasury Is Unlikely To Support Deficit Spending For Crypto Purchases. Congress Also Seems Hesitant To Fund Such Initiatives. Analysts See The Plan As Ambitious But Unlikely To Succeed.

Broader Crypto Market Rally

Altcoins Followed Bitcoin's Upward Trend On Thursday. Ethereum Gained 5.1%, While Solana Rose 4.2%. Other Tokens Like Cardano And Dogecoin Also Saw Increases. Optimism Across The Market Continues To Drive These Gains.

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