Trump's Crypto Reserve Boosts Bitcoin to $95K
1min read Bitcoin surged to $95,000 following President Trump's announcement of the U.S. Strategic Crypto Reserve, shaking up global markets and boosting investor confidence. The reserve, aimed at securing digital assets and stabilizing markets, has positioned the United States as a major player in the crypto space.
The announcement, made on March 2, 2025, via Truth Social, revealed that Bitcoin (BTC) and Ethereum (ETH) would be at the core of the reserve. Other coins included in the reserve are Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). The news sent Bitcoin prices soaring to $94,821, a significant increase from its previous dip below $80,000 on Friday. The global crypto market capitalization rose by more than $300 billion in response to the announcement.
Prior to the announcement, the crypto market had been experiencing intense volatility and downward trends. However, the news of the U.S. Strategic Crypto Reserve has reversed this trend, with Bitcoin prices surging by 10% and sending the bears packing. Analysts believe that if Bitcoin can sustain above $90,000, it could reach a new all-time high of $110,000.
The Bitcoin price surge has cleared the $90,000 consolidation level and formed a high at $95,000. It is now consolidating and trading near the 23.6% Fib retracement level. The upward swing from $84,000 to $95,000 indicates a possible buyback into the trend. As of March 3, 2025, Bitcoin is trading above its 100-hour Simple Moving Average, with new support at $89,750 and resistance at $94,000. A close above $96,500 could raise BTC prices and test the $98,500 resistance level, potentially reaching $100,000.
The U.S. Strategic Crypto Reserve has opened new opportunities for individuals and investors, driving significant crypto adoption and boosting consumer confidence in crypto payments. Experts believe that Bitcoin will play a significant role in future digital transactions, with around 80% of transactions expected to be through BTC by 203 