NEWSLETTER
bitcoin (btc) approached $ 93,000 on March 2 when the president of the United States, Donald Trump, doubled a strategic cryptography reserve.
btc/USD 1 day graphic. Source: cointelegraph/tradingView
Trump writes: “I also love bitcoin and ethereum!”
Co -Intelegraph Markets Pro and Commercial view btc/USD showed winning 8% in the rare weekend volatility.
Trump lit a cryptographic fire storm in the weekly closure after publications on Truth Social made reference to a cryptographic reserve that would include btc, Ethher (eth (eth) and several Altcoins.
After making initial reference only to XRP (XRP), Solana (Sol) and Cardano (ADA), the President's account added additional tokens plans.
“And, obviously, btc and eth, like other valuable cryptocurrencies, will be in the heart of the reserve,” he said in a Additional publication.
Source: Social Truth
The reduced liquidity of the weekend orders book ensured fast profits in cryptographic markets, with btc/USD almost reaching $ 92,000 in Bitstamp.
“The changes in the market happen when nobody expects it,” crypto Trader, analyst and businessman Michaël Van de Poppe <a target="_blank" data-ct-non-breakable="null" href="https://x.com/CryptoMichNL/status/1896241964741521904″ rel=”null” target=”null” text=”null” title=”null”>responded In x.
“The last accident, probably the greatest manipulation for people to collect great positions in $ btc and $ eth. The bottom is inside. The bass is in Altcoins. The Easy Final Cycle has begun. “
Source: Lookonchain/x
The race to the local maximums, thus, sealed up of 17% against the multimanth fund about $ 78,000 seen only two days before.
As part of volatility, XRP achieved <a target="_blank" data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1896243091616719239″ rel=”null” target=”null” text=”null” title=”null”>get over eth by completely diluted assessment (FDV).
“This is what crypto has been waiting,” <a target="_blank" data-ct-non-breakable="null" href="https://x.com/KobeissiLetter/status/1896241231375876267″ rel=”null” target=”null” text=”null” title=”null”>aggregate In part of his own reaction.
$ 93,500 btc the recovery price remains key
Continuing, the Popular Rekt Capital merchant and analyst classified the immersion at $ 78,000 as a “downward deviation.”
Related: When bitcoin Price Bottom?
As Cointelegraph reported, such deviation events have classified the previous Alcist markets of bitcoin.
“bitcoin has recovered almost all of its downward deviation,” Rekt Capital <a target="_blank" data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1896246960157524289″ rel=”null” target=”null” text=”null” title=”null”>wrote In a new analysis publication.
“The price must now close weekly above the reacting range of low $ 93500 to recover the range. And bitcoin is only +2% to do it. “
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
