Bitcoin Price Reclaimed $94K After Trump's US Crypto Reserve Announcement
BTC rose beyond $94,000 yesterday after the US President declared a Crypto Reserve.
Trump mentioned XRP, SOL, ADA, BTC, and ETH.
On March 2, Bitcoin rose beyond $94,000 on anticipation from US President Donald Trump's declaration of a Crypto Reserve.
Bitcoin Price Exceeded $94,000
As of this writing, BTC is trading over $92,000, up roughly 7% in 24 hours.
After approximately $5 billion in BTC options expired on Friday, BTC prices sank below $78,000, but they recovered significantly.
Trump's announcement of a US Crypto Reserve sent BTC values past $94,000 yesterday.
US Crypto Reserve Announced by Trump
Trump declared a US Crypto Reserve on March 2 to boost the business following years of “corrupt attacks” by the Biden Administration.
The US President said in his tweet that his Executive Order on Digital Assets ordered the Presidential Working Group to develop a Crypto Strategic Reserve including XRP, SOL, and ADA. He said he likes BTC and ETH and other forthcoming significant digital assets to be included in the national crypto reserve.
Trump pledged to make America the Crypto Capital.
He said individual investors win for the first time and conventional finance must catch up or die.
Binance's CZ said the news was a great start for the sector and encouraged his followers to keep expanding.
The crypto market rose almost 6% in 24 hours after Trump's declaration. An important economic week could boost BTC and crypto prices.
A Key Macroeconomic Week Ahead for Greece.live posted on X today about this week's significance.
Here are some important weekly events:
Trump will establish Canada and Mexico tariffs. (4 March)
The US Fed will release key economic notes. (6 March)
Initial weekly US jobless claims are released. (6 March)
ECB President Christine Lagarde will conduct a news conference. (6 March)
US unemployment for February will be released. (7 March)
President Trump will host a White House Crypto Summit. (7 March)
#USCryptoReserve #TRUMP #ADA #CMEsolanaFutures $ADA