Bitcoin (BTC) approached USD 93,000 on March 2, when US President Donald Trump doubled a strategic cryptographic reserve.
1-day BTC/USD chart. Source: Cointelegraph/TradingView
Trump writes: “I also love Bitcoin and Ethereum!”
Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD gains 8% in a occasional weekend variability.
Trump ignited a cryptographic fire storm in a weekly closing after posts regarding the truth of Social was referred to the cryptographic reserve, which would include BTC, Ether (ETH) and several Altcoins.
After the initial appeal only to XRP (XRP), Solana (SOL) and Cardano (ADA), the president’s account added plans for additional tokens.
“And of course BTC and ETH, as other valuable cryptocurrencies, will be in the reserve center,” said Wa Further post.
“I also love Bitcoin and Ethereum!”
Source: Social Truth
The reduced liquidity of books for the weekend provided quick profits on cryptographic markets, with BTC/USD almost reached USD 92,000 per BitStamp.
“Market changes happen when nobody expects it”, trader, analyst and entrepreneur Michaël van de poppe replied on X.
“The last disaster, probably the biggest manipulation for people who could gain large positions in BTC and $ ETH. The bottom is inside. He is low on altcoins. The final easy cycle began. “
Source: Lookonchain/x
In this way, the course of local ups sealed 17% compared to the Multimonthis bottom near $ 78,000, which can be seen only two days earlier.
As part of the variability, XRP succeeded exceed ETH by a fully diluted valuation (FDV).
“This was what the crypto was waiting for”, trading in the Kobeissi letter in addition in the part of its own reaction.
$ 93 500 BTC RECLAIM is still crucial
Continuing, the popular salesman and Rekt Capital analyst classified the diving up to USD 78,000 as a “inheritance deviation”.
Related: When will Bitcoin be the best?
According to Cointelegraph, such deviations classified the previous Bitcoin bull markets.
“Bitcoin regained almost all of his inheritance,” Rekt Capital wrote In the modern post of analysis.
“The price must now be widely approached above the low level of low levels of USD 93500 to recover the range. And Bitcoin is only +2% on this. “
1-week BTC/USD chart. Source: Rekt Capital/X.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
