Trump's Crypto Reserve Boosts Bitcoin to $95K

Bitcoin (BTC) Price Surges 10% Following Trump's Digital Asset Reserve Announcement

Bitcoin (BTC) price surged by 10% on Monday, reaching over $95,000, following former President Donald Trump's announcement of a U.S. strategic crypto reserve. The announcement, made via Truth Social, outlined the inclusion of five major cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano.

The market response was immediate and substantial, with Bitcoin reaching a high of over $95,000 during the trading session. Trading volumes surged by 159% to $67 billion, indicating strong market participation and interest in the announcement.

Trump's directive to the Presidential Working Group represents a major shift in federal cryptocurrency policy. The former president's announcement detailed plans to establish a strategic reserve that would place Bitcoin and Ethereum at its core, while also including XRP, Solana, and Cardano in the broader portfolio.

Options markets showed renewed optimism following the news. Data from Amberdata revealed that the $100,000 strike call options saw the largest increase in open interest, rising by 1,163 contracts. This surge in options activity represents over $100 million in potential market exposure.

The cryptocurrency market’s response extended beyond just price action. Open interest in Bitcoin futures increased by 5.89% to $54.49 billion, while 24-hour liquidations reached $318.93 million, with $241.21 million in long positions being cleared.

Market analysts have begun referring to this phenomenon as the “Trump put,” suggesting that the administration may intervene to support the crypto market during periods of volatility, similar to how the Federal Reserve has historically acted in traditional markets.

Technical indicators show Bitcoin has established new support levels at $89,000 and $92,000, according to trader Alex Kruger. These levels could serve as important reference points for future price action.

The announcement has also affected market sentiment indicators. Short-term skews, which measure implied volatility premium for calls versus puts, have recovered from negative territory, suggesting renewed optimism among options traders.

However, some market participants have expressed caution