"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.

The cryptocurrency market has collapsed again under the influence of political decisions, including the price of Bitcoin. Total losses of investors are estimated at tens of billions of dollars. Read about why the cryptocurrency market collapsed,