FTSE 100 LIVE: London lower as pound heads above $1.29 and traders look to ECB interest rate decision

Brian McGleenon writes:

Bitcoin (BTC-USD) surged over 5% on Thursday, soaring past $91,000 after dipping below $82,000 just two days ago. The sharp rally comes as investors brace for the upcoming White House Crypto Summit on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives.

US president Donald Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Confirmed attendees include Coinbase (COIN) CEO Brian Armstrong, Chainlink (LINK-USD) co-founder Sergey Nazarov, and Strategy (MSTR) co-founder Michael Saylor, among others.

US secretary of commerce Howard William Lutnick disclosed that Trump is set to unveil measures regarding the long-debated US Strategic Bitcoin Reserve, which could mark a shift in how the US government approaches digital assets.