Bitcoin just blasted through the $95,000 mark, and it’s all thanks to a certain ex-president’s announcement. March 2, 2025, will be a date etched in crypto history. Donald Trump revealed plans for a U.S. Strategic Crypto Reserve. Talk about shaking things up! Bitcoin surged a whopping 10.6%, briefly flirting with $95,064. Investors were practically dancing in the streets.
Bitcoin skyrocketed past $95,000, thanks to Trump’s bold U.S. Strategic Crypto Reserve announcement. Crypto history is being made!
But wait, there’s more. Cardano, or ADA for those in the know, joined the party with a staggering 65% price jump. Inclusion in the reserve? Yeah, that’ll do it. It shot up to $1.13, proving that being part of the cool kids’ club really pays off.
Ethereum didn’t sit idly by either; it rose by 12%. XRP climbed 37%, and Solana got a 23% boost. Seriously, it was a party, and everyone was invited.
The market reacted faster than a teenager spotting a sale. The boost in confidence attracted institutional investors like moths to a flame. Over $300 billion flowed into the crypto market in mere hours. Talk about a financial frenzy! Short liquidations popped off left and right as the price surged, leaving many traders gasping for air.
Bitcoin established new support at $89,750 and resistance at $94,000. Traders were glued to their screens, hoping for the next big leap. A close above $96,500 could send Bitcoin rocketing to $98,500 or even $100,000. Analysts predict Bitcoin could reach $110K if it maintains above $90K. A bullish pin bar formation indicated Bitcoin’s fate depends on movements around $80,000 and the 200 EMA. Who said crypto was boring? Market cap dynamics will also play a crucial role in determining the stability of these price movements.
But it’s not just Bitcoin and ADA. The entire market felt the rush. Positive sentiment spread like wildfire, making altcoins seem like the next big thing. With economic uncertainties looming, investors flocked to crypto as a safe haven. Inflation worries? No problem. Bitcoin’s got your back.
