Bitcoin Surged to $95K as Trump’s US Strategic Crypto Reserve Announcement Shakes the Markets!

Let’s discover how the U.S. Strategic Crypto Reserve aims to secure digital assets, stabilize markets, and shape the future of crypto. Dive into the details!US President Donald Trump recently announced the long-awaited US Strategic Crypto Reserve in a groundbreaking step. According to the pro-crypto president, the reserve will make the United States the Crypto Capital of the World. 

This announcement increased market confidence, attracting institutional investors, boosting adoption, and driving significant cryptocurrency price surges across global exchanges. Bitcoin touched $95,136 from its long-creepy $92K. Ethereum surged by 12%, XRP by 37%, and Solana by 23%. The crypto market is shining bright and partying with soaring prices, renewing investor confidence!

Immediate Market Reactions to US Crypto Reserve Announcement

On March 2, 2025, US President Donald Trump posted on Truth Social about creating a US Strategic Crypto Reserve to make the US the Crypto Capital of the World. In another post, he mentioned that BTC and ETH will be at the heart of the reserve. 

The other coins included in the reserve are Ether, XRP, Solana, and Cardano. As soon as the news hit the internet, Bitcoin prices peaked at $94,821 after dipping below $80K on Friday. The global crypto market has risen by more than $300 billion. 

Before Trump’s announcements, the crypto market had witnessed intense volatility and hopeless downtrends. The announcement has tumbled the market, skyrocketing crypto prices!

Bearish Trends Sent Packing! Bulls Take Control!!

Before the US Strategic Crypto Reserve announcement, the crypto market had witnessed a strong downward trend. The BTC prices dropped by 17.5% since June 2022, the highest monthly drop in Bitcoin history. However, President Trump’s US Crypto Reserve announcement boosted BTC prices by 10%, sending the bears packing! 

This initiative could trigger an optimistic trend for Bitcoin. The current market capitalization of Bitcoin stands at $1.84 trillion, and its all-time high is $109K (on January 20, 2025). Analysts believe that if Bitcoin sustains above $90K, it could reach $110K. The to-be-held White House Crypto Summit (on Friday) may add to the trend, positioning Bitcoin for a new all-time high of $110K. Let’s find out what the analysts are saying about future BTC prices.

The BTC Navigation of Crypto Waves

The BTC prices surged, clearing their $90K (consolidation) level. It formed a high at $95K and is now consolidating. Also, it is trading near the 23.6% Fib retracement level. From the chart below, the retracement and the upward swing from $84K to $95K indicate a possible buyback into the trend. 

Graph 1 – Published on Trading View on March 3, 2025.

As of March 3, 2025, Bitcoin is trading above its 100-hour Simple Moving Average. It has established new support at $89,750 and resistance at $94K. Today, a close above $96,500 could raise BTC prices and test the $98,500 resistance level. It may even touch $100K!

Final Insights: Looking Ahead Beyond the Crypto Reserve

What does the US Crypto Reserve mean to you? For individuals and investors, this move opens new opportunities. It is driving significant crypto adoption, making digital currencies a stable form of payment, and boosting consumer confidence in crypto payments. As crypto transactions increase at the consumer level, Bitcoin is to play a significant role. Experts believe that around 80% of the future digital transactions will be through BTC by 2030!

The US Strategic Crypto Reserve could also attract institutional investors, further legitimizing the crypto market. With plans to seat BTC at the heart of the US Reserve, the future market is to adopt crypto transactions at a large scale. Analysts anticipate a substantial influx of capital and believe the reserve might lead to increased market stability and growth!