Bitcoin reaches $83,693, Russia trades oil with crypto

Bitcoin's price rose to $83,693.28 on March 17, recovering from a dip below $80,000 earlier in the week. Trading volume increased by 77% to $22.92 billion, indicating renewed market activity. European Central Bank member Francois Villeroy de Galhau expressed concerns about the U.S. cryptocurrency reserve, warning it could lead to future financial crises. His comments follow President Trump's recent executive order to create a Strategic Bitcoin Reserve. Reports suggest that Donald Trump's family is in talks to acquire a stake in Binance US. Additionally, Russia is reportedly using cryptocurrencies to trade oil with India and China, bypassing European sanctions.