Bitcoin rises by 10 % to 92,900 dollars after Trump announced the strategic reserve Crypto; Cardano, XRP collects up to 64 %

Bitcoin and other major encrypted currencies rose on Monday after US President Donald Trump announced plans to include digital assets in a new strategic reserve in the United States.

Trump has revealed on social media that five encrypted currencies – Petkin, Al Atheer, XRP, Solana, and Cardano – will be part of the reserve, with Bitcoin and Ether in essence.

After this announcement, Bitcoin jumped by 10 % to 92,905 dollars in early trade, while the ether, after 13 % during the weekend, settled at $ 2443. Among the specified cryptocurrencies, Cardano LED gains with an increase of 64 % to $ 1.07, followed by XRP, which increased by 25 % to $ 2.79. Solana also recorded a profit of 18 %.

“The encryption market gained a strong momentum as Trump announced the strategic encryption reserves, including symbols such as XRP, Solana (SOL) and Cardano (Ada), along with Bitcoin and Ethereum. This step caused an increase in the move in the market, with this step in the field of invaluation that integrates with it, which led to an increase in the move in the market. Edououl said. Patel, CEO and co -founder of Mudrex.

Vikram Subburaj, CEO of Giottus, added that if Bitcoin exceeded $ 95,000 this week, Altcoins is likely to outperform the upper encryption assets.

Also read: Robert Keusaki believes that Bitcoin breaks an opportunity to buy, calls it “money with integrity”Despite the recent increase, Bitcoin fell by more than 17 % in February, which represents a sharp monthly decrease since June 2022. The cryptocurrency has lost more than a third of its value since its peak at $ 105,000 in early January. However, its gathering since the Trump campaign in November may be fed by optimism that his administration will be more appropriate to encrypt from Joe Biden, which is likely to finish organizational repression.

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Bitcoin’s market value increased to $ 1.844 trillion, with hegemony at 59.56 %. The trading volume jumped 24 hours by 146.6 % to 65.6 billion dollars, while Stablecoins amounted to 172.94 billion dollars, or 90.96 %, of the total coding trading volume, according to CoinMarkcap.

“If Bitcoin maintains support exceeding $ 88,000, analysts expect up to $ 100,000. Opinion sellers swing with an upper momentum structure, and BTC puts a potentially 150,000 dollar in March.

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