Trump Stirs Up Crypto Waters Once Again

Literally, Donald Trump has decided to see how much he can influence the crypto market, just with his statements.

 

In the past week, cryptos had taken a downward turn and most analysts believed that the resistance at $70,000 would be tested and we would expect a new bull run cycle in 2025.

 

However, this did not happen as President Trump announced that the US would create a Strategic Crypto Reserve, which would consist of Bitcoin, Ethereum, XRP, Solana and ADA.

 

Immediately after his announcement, all of the above cryptos shot up and Bitcoin reached $94,000 again, with the rest following.

 

Apparently, the power that Trump exerts on the markets is much greater than what analysts estimated and this will be seen in the future….

 

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