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#BTC, ETH, SOL, XRP, ADA Included in Strategic Reserve
Cryptocurrencies are shaping with Trump's statements
Following Trump's announcement of new customs tariffs, there was a sharp decline in the markets, and Bitcoin price dropped below $79,000 to see fresh lows. However, with the announcement of the president creating a 'crypto strategic reserve,' the BTC price surged above $95,000, revitalizing the markets. Although it seems to be exiting the bear market, market participants are now hopeful ahead of the first-quarter closing.
The inclusion of Bitcoin, Cardano, XRP, and Solana in the crypto strategic reserve announced by Trump has led to speculations that it could trigger a global 'FOMO' wave. As Senator Lummis pointed out, this move could potentially ignite a 'crypto war'. Indeed, it is reported that China is also discussing this matter behind closed doors. However, it is believed that this decision was primarily taken to support the U.S. economy and aimed to contribute to reducing the $36.2 trillion national debt.
$300 billion flowed into the market
After this announcement, it is reported that there has been over 300 billion dollars of new investment inflow into the cryptocurrency markets. Additionally, in line with the goal of the US to become the 'crypto capital of the world,' the idea of granting US citizenship to those who invest 5 million dollars is also being discussed. The significant interest in the memecoin launched by Trump himself is also evidence of the increasing adoption of crypto. The price of Bitcoin saw a significant jump last weekend, surpassing $95,000. However, following this rise, it appears that the price gap between 78,000-80,670 dollars on the CME futures market has not been filled, indicating a (CME gap). Historically, it is known that BTC price tends to fill such gaps.
The current price movement has formed a new CME gap between 85,720 and 91,630 dollars, and it is expected that the BTC price could pull back to these levels. However, considering that BTC finds support between the 50-day and 200-day moving averages, it is difficult to make a definitive decision about the price direction. Breaking above one of these levels will determine Bitcoin's next move. The Bitcoin price started February with a downward trend and remained under pressure throughout the month. However, with the entry into the new month, price movements are showing a quite optimistic outlook. Expectations for BTC to reach the $100,000 level persist, but market uncertainties and fluctuations in investor sentiment will continue to influence the price's future. ( ) #Join Honor Credits Draw & Win MacBook Air and Merch