Bitcoin Price Rises Above $90,000. Here's the Next Catalyst. — Barrons.com

By Callum KeownBitcoin held steady above $90,000 early Thursday but don't be fooled — the volatility could return very soon.The world's largest cryptocurrency was trading at $91,424, up around 2% over the past 24 hours, according to data from CoinDesk. The digital asset has been on a wild ride recently, slumping from $99,000 less than two weeks ago to as low as $78,000 before recovering, falling and now recovering again.Cryptocurrencies have largely moved in tandem with the stock market, falling as investors have moved away from riskier assets. However, crypto-specific factors have also played a part, particularly President Donald Trump's announcement of a strategic crypto reserve, which briefly caused a comeback.Events at the White House could be the next catalyst to move Bitcoin and other cryptocurrencies when Trump hosts a landmark crypto summit Friday. More details of the national reserve are expected, while there could be other surprise announcements."[The] summit could help improve regulatory guidance, bringing more stability to the market," Kudotrade analyst Konstantinos Chrysikos said. "However, a lack of direction could deepen uncertainty and volatility," he added.Broader market sentiment could still dictate where Bitcoin goes next, though, especially if there's more clarity or developments on Trump's tariffs.Write to Callum Keown at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.