The post Bitcoin Surges Above $90,000 as Trump Unveils U.S. Crypto Strategic Reserve: Is a Bullish Trend Ahead? appeared on BitcoinEthereumNews.com.

COINOTAG reported on March 3rd that QCP released a detailed market analysis noting the return of cryptocurrency values to their starting point from the previous week. Over the weekend, a pivotal announcement by Donald Trump regarding the creation of the U.S. Crypto Strategic Reserve garnered mixed reactions. While some analysts argue that the market has already factored this development into current prices, others view it as a potential catalyst that could propel cryptocurrency valuations toward new all-time highs by year-end. This strategic move saw Bitcoin (BTC) recover past the $90,000 mark during a period of low market activity on Sunday. Despite the recovery, the overall sentiment remains cautious as BTC continues to hover around the lower bounds of a multi-month price range. High volatility persists in the crypto market, with prominent coins like BTC and Ethereum (ETH) showing signs of a Put Skew. Concurrently, the elevated VIX index signals heightened investor anxiety in broader risk assets, particularly amidst rising trade tensions initiated by the U.S. government. As the situation unfolds, it appears that Trump may still hold additional strategies that could influence market dynamics significantly. Source: https://en.coinotag.com/breakingnews/bitcoin-surges-above-90000-as-trump-unveils-u-s-crypto-strategic-reserve-is-a-bullish-trend-ahead/

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Filed under: News - @ March 3, 2025 10:26 am