Trump's Crypto Reserve Boosts Bitcoin to $95K
Bitcoin Price Surges Nearly 10% to $95K as Trump’s Crypto Policies Boost Market Confidence
Bitcoin surged to an intra-day high of $95,152 following U.S. President Donald Trump’s announcement of a Strategic Crypto Reserve, fueling optimism across digital assets. Initially including XRP, Solana (SOL), and Cardano (ADA), the reserve was later expanded to Bitcoin (BTC) and Ethereum (ETH), driving further market confidence.
However, after a strong rally, BTC retraced and is now trading near $92,000 as traders digest the long-term implications of this policy shift. With regulatory developments easing and institutional interest rising, Bitcoin’s trajectory hinges on key technical levels and upcoming policy decisions.
President Trump has sent Bitcoin flying back to $95K after announcing a strategic crypto reserve.
Trump’s administration has also taken steps to ease regulatory pressure, dropping lawsuits against major crypto firms like coinbase and halting investigations into blockchain companies. The White House will host its first-ever Crypto Summit on Friday, further reinforcing the administration’s commitment to digital assets.
Market reaction was immediate, with BTC surging 10% in the last 24 hours and altcoins gaining up to 60%. With the U.S. aiming for global leadership in crypto, this momentum could drive long-term mainstream adoption.
Key Takeaways:
- Trump’s Crypto Reserve includes Bitcoin, Ethereum, XRP, Solana, and Cardano.
- Regulatory pressure eases, boosting investor confidence.
- Bitcoin surged 10%, and altcoins rallied up to 60% in 24 hours.
Beyond government policies, institutional adoption is playing a significant role in Bitcoin’s bullish momentum. Japanese investment firm Metaplanet purchased 156 BTC ($13.4 million), bringing its total holdings to 2,391 BTC—worth ¥29.8 billion.
Metaplanet’s “21 Million Plan” aims to aggressively expand its Bitcoin reserves via stock and bond issuances. The firm recently raised ¥7.13 billion through stock exercises and secured another ¥2 billion via