"Although the near-term remains choppy for Bitcoin, the long-term is becoming clearer by the day," Standard Chartered said.

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets.

Despite Bitcoin topping $100,000 this week, the world’s largest cryptocurrency has slipped below that critical threshold again, and is currently trading at a price near $97,200. “This isn’t the first time we’ve seen such volatility,