Bitcoin Surges on US Crypto Reserve Approval

After crumbling as low as $78,000 last week, a dynamic which we predicted could happen, Bitcoin got a much-needed boost over the weekend. Again, because of Donald Trump’s actions. The US President announced on Sunday, March 02, the creation of a Crypto Strategic Reserve, sending #BTCUSD soaring 10% to $95,000 before settling around $91,000.

Trump’s executive order directs the Presidential Working Group to establish a crypto reserve, including Bitcoin, Ethereum (#ETHUSD), XRP, Solana (#SOLUSD), and Cardano (#ADAUSD). The news sparked a rally across major altcoins, with ADA jumping 60%, XRP up 30%, and SOL gaining 20%.

This shift from regulatory uncertainty under Biden to a pro-crypto stance under Trump could mark a turning point for digital assets. With Bitcoin now being considered alongside traditional reserves like gold, the market is watching closely to see how this policy unfolds.

Technically speaking, Bitcoin returned to the daily channel it broke out of last week. Considering that Trump is about to speak before Congress tomorrow and that a big crypto conference is planned for March 07, if all the elements align, the next big crypto rally is about to start!

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