Bitcoin topped $106,000 for the first time, driven by the US strategic reserve plan. Tony Sycamore, an analyst at IG, said: "The pullback that a lot of people were expecting didn't happen because we now got the news that the next number the market was expecting was $110,000". The so-called news here refers to Trump's reaffirmation of the establishment of a bitcoin strategic reserve. Asked in an interview with CNBC late last week if he planned to build a crypto reserve similar to an oil reserve, Trump replied: "Yeah, I think so."