Crypto currencies, after a short -term wave of sales again increased over $ 3 trillion. Interestingly, both this wave of sales and the latest rise were triggered by US President Donald Trump’s decisions. Here are the details…
Crypto coins are shaped by Trump descriptions
After Trump announced new customs tariffs, there was a harsh decline in the markets, and the price of Bitcoin (BTC) decreased below $ 79,000 and saw fresh bottom levels. However, when the president announced that the president constitutes a “crypto strategic reserve”, the price of BTC increased over $ 95,000 to revive the markets. Although it may seem to be out of the bear market, market participants are now hopeful before the first quarter closing.
The fact that the crypto strategic reserve described by Trump contained Bitcoin, Cardano, XRP and Solana caused comments that it could start a global “Fomo” wave on a global scale. As Senator Lummis points out, this move can ignite the wick of a potential “crypto war”. As a matter of fact, China is reported to have discussed this issue behind hidden gates. However, this decision is mainly taken to support the US economy and aims to contribute to the reduction of national debt of $ 36.2 trillion.
300 billion dollars flowed to the market
Following this announcement, it is reported that there are more than $ 300 billion investment entry to crypto money markets. In addition, the idea of giving US citizenship to those who invest $ 5 million in line with the US goal of being the “crypto capital of the world ına is discussed. The fact that Trump has attracted great interest in his name proves that the adoption of crypto has increased. Bitcoin price, exceeding $ 95,000 last weekend recorded a big leap. However, after this rise, it is seen that the price gap (CME GAP), which occurs between 78,000-80.670 dollars in the CME futures market, is not closed. Historically, the price of BTC is known to tend to close such gaps.
The current price movement has created a new CME GAP between 85,720 and $ 91,630, and it is expected that the BTC price can be withdrawn to these levels. Nevertheless, considering that the BTC is supported by 50 -day and 200 -day moving averages, it is difficult to make a definite decision on the direction of the price. Exceeding one of these levels will determine the subsequent movement of Bitcoin. The price of Bitcoin started with a tendency to decline in February and was under pressure for the month. However, with the introduction of the new moon, price movements show a very optimistic appearance. Although the expectations of the BTC to reach $ 100,000, the uncertainty in the markets and the fluctuations in investor sensitivity in the markets will continue to affect the future of the price.
