Bitcoin recovers to $86,000... Trends in cryptocurrency TFs hold the key

Bitcoin (BTC) prices have recovered from the previous day's sharp drop and are trading at the $86,000 range. The U.S. Securities and Exchange Commission (SEC) has announced that it will be reviewing the cryptocurrency task force's (STF) system.
There is an analysis that the movement of Force (TF) may affect the rise of Bitcoin price. At 10:05 a.m. on the 5th, the Bitcoin price according to CoinMarketCap was
It rose 1.07% from the same time on the previous day to $86,616 (approximately 12.98 million yen). Bitcoin had plummeted by more than 9% over the course of the previous day, falling to the $82,000 level.
The president's imposition of tariffs on imports from Canada, Mexico and China has created economic uncertainty and fears of a "trade war."
Matrixport, a cryptocurrency services company, said, "President Trump has announced that he will hold a cryptocurrency reserve fund.
"Although a cryptocurrency summit is scheduled to be held this week, investors still prefer safe haven assets," he said, adding, "The majority of investors have not given a clear signal to buy Bitcoin."
The White House is reportedly holding a cryptocurrency summit with key government officials on the 7th (local time) to discuss cryptocurrency-related policies.
Cryptoquant CEO Cheuk Juyeon said in a post on X that there is currently "no meaningful on-chain activity," but added that "more mining equipment will be put into operation."
"Fundamentals are solid, and the upward cycle is still ongoing," he said. This raises the prospect that the direction of the cryptocurrency TF under the US SEC will hold the key to revitalizing the market.
Ryan Lee, a senior analyst at Bitget Research, said, "President Trump has announced that he will be competing with Bitcoin and Ethereum, as well as XRP, Solana, and CalDano.
"After it was announced that cryptocurrencies would be included in the reserve assets, the market capitalization of cryptocurrencies increased by more than $300 billion in one day," he said, explaining, "The Trump administration's adoption of cryptocurrencies is on track to become a reality."
He continued, "We need to pay attention to the movement of the cryptocurrency TF, the movement related to cryptocurrency taxation in the United States, and events such as the cryptocurrency summit," and "regulations are changing in other countries as well."
"There is a possibility that a comprehensive cryptocurrency policy will be released."