Bitcoin reclaims 91k ahead of US crypto summit this evening

The US stock markets have now bounced following the lower opening. Well, perhaps that is no surprise, as the outlook for more extensive swings is still the order of the day and right now we have a shunt higher in the risk dynamic. That in turn has helped the USD/JPY rebound after it earlier fell below the 147 handle (146.95 the low) for the first time this year. It is now trading back above 147.50. Speaking of rebounds, BTC has also just lifted to a fresh European session high above 91k a moment ago. That is also a reaction to the improved risk dynamic, but also due to the prospect of further clarity on White House Crypto policy. The White House crypto summit is due to take place at 6pm GMT (1pm EST) and that could be very important for how BTC might trade ahead of and into the weekend. As noted here earlier, all bets are on the table it seems and right now the BTC market seems to think this will be a positive summit for the lead coin. That does remain to be seen though. Bitcoin just reached 91,087. It is right now trading at 90,965