Modern announcement before Donald Trump The market has re -tightened: The Crypto Strategic Reserve, a step that has restored confidence and bull’s trends in the market.
This week, in fact, Crossed currency market Significant fluctuations were seen, with bitcoin lost approximately $ 18,000 in value. This decrease is exacerbated due to the BYBIT penetration and large outputs of the circulating investment boxes.
Crypto Strategic Reserve: How can the Trump announcement help the encryption market?
I witnessed a strong bitcoin SaleIt decreased from about 96,000 dollars to the lowest level in $ 78,000. Bybit Hack was an incentive, which led to forced sales of stock exchanges due to the lack of compliance with the requirements of the margin.
Moreover, the implicit fluctuations of expiration in March increased to 53 %, indicating an increase of 10 points compared to the previous week.
Ethereum also put pressure, reaching a lowest level of $ 2080, or about twenty dollars less than the lowest level on February 3.
Although the total market reaction positively to the Trump advertisement, ETHEREUM is still lagging behind other cryptocurrencies, highlighting implicit fluctuations in March by 67 %, with an increase of 5 points.
In this context, announcing President Trump When creating a strategic encryption reserve had an immediate impact on the markets. The goal is to stimulate the use of cryptocurrencies and enhance the policies favorable to develop them.
This advertisement caused Bitcoin to rise by up to +20 points in just a few minutes, indicating the impact of the political market on encrypted currencies.
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The effects of the market
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Bitcoin dominance is still 61.38 %, although the continuous altcoins creation. This indicates that despite the fluctuations, Bitcoin continues to maintain a prevailing position in the encrypted currency market.
the Punto Di Controlo (POC), which highlights the price in the sizes of sizes, is almost in line with the current price at 95,900 dollars. It may take a break from this Bitcoin to more than $ 100,000.
Although the market recovery, the Bitcoin directional strength remains negative, as it moves from -8 to -10, with the peak of the bear at -15, which has not been seen since July 2024.
Bitcoin’s decisive support points are set at $ 89,200, 84,300 dollars, and 66,800 dollars, while the price goals are at $ 99,600 and 106,200 dollars. These levels indicate potential recovery points or a further decline, depending on the direction of the market.
In conclusion, Trump’s recent announcement of the strategic coding reserve showed the amount of political decisions that could affect the cryptocurrency market.
Volatile fluctuations and fluctuations emphasize the importance of market monitoring closely and consider the risks associated with investments in CRIPTOVALUTE.
Will the market be able to stabilize and resume a long -term positive trend? Only the next time and political movements will be told.
