"Trump's Crypto Reserve Boosts XRP, ADA, SOL; BlackRock Adds Bitcoin ETF"
1min read In a significant development, US President Donald Trump recently announced that Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) would be included in a crypto strategic reserve. This news sent the chosen coins soaring, with XRP, ADA, and SOL experiencing parabolic moves. The question on investors' minds now is whether other altcoins will follow suit.
BlackRock, the world's largest asset manager, has also added the iShares Bitcoin ETF Trust (IBIT) to its $150 billion model portfolio, allocating 1% to 2% to portfolios that allow for alternative assets. This move could create new demand for Bitcoin and potentially open the doors for a Bitcoin ETF.
Analysts have mixed views on Bitcoin's short-term prospects. While some anticipate a drop near $70,000 before the next bullish leg, others believe that Bitcoin could establish firm support in the $72,000 to $80,000 range. If Bitcoin manages to hold above $90,000, select altcoins not chosen for the crypto strategic reserve may find buyers.
Bitcoin price analysis indicates that the coin has reached the 20-day exponential moving average ($92,366), suggesting aggressive buying at lower levels. Sellers may try to stall the relief rally at the 20-day EMA, with a potential drop to $85,000 if the price turns down from the 20-day EMA. However, if the price rebounds off $85,000, Bitcoin could rise above the 20-day EMA and potentially rally to the 50-day simple moving average ($97,704).
In the 4-hour chart, the 20-EMA has started to turn up, and the relative strength index (RSI) has jumped into the overbought zone, indicating a bullish comeback. If the price remains above $90,000, Bitcoin could climb to $96,000 and then $100,000. The first sign of weakness will be a break below the 50-simple moving average, which could sink the pair to the 20-EMA.
Hedera (HBAR 