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Bitcoin: Will Exchange Flows Decide BTC's Future Price Action?
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Bitcoin, Ethereum, XRP Consolidate After Trump Strategic Reserve Announcement
Trump once again advocates for a Global Strategy on Cryptos reserves. Will it rise?
Over the weekend, former USA President Trump suddenly announced on his Social Media that he would promote a Global Strategy for reserve cryptocurrencies, including XRP, SOL, and ADA, to ensure that the USA becomes the Global cryptocurrency capital. Immediately afterward, Trump posted again stating that BTC and ETH, along with Other valuable Cryptos, will become the core of the reserves, and said: "I also like Ethereum!" As a result of this news, the crypto market surged significantly, with Bitcoin briefly reaching $95,000, Ethereum hitting $2,500, while ADA and XRP experienced even more substantial gains.
The recovery of Bitcoin prices has caused traders to remain cautious ahead of a key summit on Cryptos and a potential support retest.
The recovery of Bitcoin prices has caused traders to remain cautious ahead of a key summit on Cryptos and a potential support retest.
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