Trump's Crypto Reserve Boosts Bitcoin Above $92K, Stocks Surge
Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement, with bitcoin (BTC) holding above the key level of $92,000 ahead of the U.S. market open. This recovery comes after BTC recently dropped to $78,000.
As a result of this positive momentum, crypto-related stocks have jumped after significant declines. MicroStrategyMSTR-- (MSTR) rebounded by 12% after dropping as much as 50% from its November high. CoinbaseCOIN-- (COIN) and Marathon Patent GroupMPC-- (MARA) gained 10%, while Riot Blockchain (RIOT) rose by 11%.
Glassnode data shows that bitcoin also went above the Short-Term Holder Realized Price (STH RP), which is priced at $92,107. This key metric tracks the average on-chain cost for investors over the past 155 days. Historically, holding above this level signals a bullish continuation, though temporary dips can occur, like in October 2023 and 2024, before further upside.
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