New Mexico’s city of Roswell was the first city in the US to establish a Bitcoin reserve in April 2025. The city established the reserve with the first donation of $3,000 toward the Bitcoin strategic reserve. The city’s target for the reserve is $1 million.
Cryptocurrencies show signs of extending gains on Wednesday, following a sharp recovery from the weekend sell-off, which saw Bitcoin (BTC) slip below the $100,000 mark.
Tensions in the Middle East have taken the backseat after United States (US) President Donald Trump announced a ceasefire between Israel and Iran on Monday. Global markets, including cryptocurrencies, ticked up, boosting Bitcoin’s (BTC) recovery above $105,000 at the time of writing on Tuesday.