Golden Finance reported that Bitcoin exceeded $106,000 for the first time, perhaps driven by the U.S. Strategic Reserve Plan. IG analyst Tony Sycamore said: “The correction that many people expected did not happen because we now have news that the next number that the market is looking forward to is It’s $110,000.” Analysts believe that the so-called news here refers to Trump’s reiterated intention to establish a Bitcoin strategic reserve. Asked in an interview with CNBC late last week whether he planned to build a crypto reserve similar to an oil reserve, Trump responded: "Yeah, I think so."