Bitcoin increases over 20 %

Singapore:

Bitcoin increased by more than 20 % over its lowest levels last week on Monday, and several cryptocurrencies gathered sharply after US President Donald Trump raised the possibility of a new strategic reserve in the United States that includes a set of symbols.

Trump said in a publication on the social truth that his executive in January on digital assets will create stocks of currencies, including bitcoin, ether, XRP, Solaa and Cardano. The names have not been announced before.

Bitcoin and Ether will be in the heart of this reserve, and it was published on Sunday.

The publication sent the largest cryptocurrency in the world by five of its lowest levels in November, which was trading on Friday, which helped to turn the feelings on a symbol that has been slipped since mid -January because of the disappointment of Trump through pledges to alleviate the organization. The last of nearly $ 91,605 was an increase in the lowest level on Friday of $ 78273.

The ether also increased by 20 % of the lowest levels on Friday to $ 2,351, by 7 % of the closure levels on Sunday. XRP and Solana rose about 30 % of the lowest levels on Friday, while Cardano increased by 60 % of its lowest levels last week. “Trump gave the pump shocked by encryption dealers,” said Matt Simpson, chief market analyst at the City Index.

He said: “It seems that any faith in the last week has been restored,” and it can be made higher levels unless there is another wave of sale of risk. Chris Weston, head of research at People, said that the gathering can extend to the top of the first White House encryption hosted by Trump on Friday, with the risk that the decline in other markets could weigh feelings.

While Wall Street closed on Friday, the last sales process in Bellweethers has eroded the large Bitcoin, which some see as an alternative technical agent. Bitcoin fell more than 17 % in February, where it recorded its largest monthly percentage since June 2022.