Bitcoin price thaws after Trump’s statement – Trader said ‘stay nimble and cashed up’
Bitcoin (Btc) Price rallies with an intraday of $ 87,453 in the first hours of NY trading session but quickly restored its acquisitions to $ 83,655 shortly after US president Donald Trump made a video look on the Digital Asset Summit In New York.
Prior to the video statement, the rumors spread to X, suggesting that President Trump would announce the zero capital that had taken taxes on some cryptocurrencies or issued an interesting statement about the US Strategic Bitcoin Reserve.
In the frustration of some merchants, the Dadngaw has proven to be true, and Trump has only doubled in his promise not to sell Bitcoin confiscated by the government, and he called for Congress to make clear Stablecoin law soon.
The most positive statement that President Trump made was his restored goal to do the US leader in all crypto items.
“Also, we’re going to make America unobtrusive bitcoin superpower and the world’s crypto capital.”
As is common in crypto markets, the rumors of the rumors clear that Trump will make some kind of pro-bitcoin executive’s order statements, and once this is not a clear case, they sell the news.
In an X post, Chartered Market Technician Akan Kibar said there was still a chance to avoid Bitcoin’s price for $ 73,700.
BTC/USD 1-Day Chart. Source: ACCESS KIBAR / X
Kindly Says,
“The long-term chart on BTC/USD. It looks like a pullback to damaged $ 73.7K. The following from it will decide on the following price action for several months.”
Not all of Bitcoin’s recent strengths have been linked to Trump’s statement today. On March 19, the BTC positively responded to the release of the FOMC minutes and federal reserve chair Jerome Powell whose volume of fed regime would reduce its speed and the likelihood of two interest rate reductions in 2025 remained at the table.
Bitmex co-founder Arthur Hayes took success on what he described as Fed’s entry that QT would be essentially ending on April 1, but he warned that while $ 77,000 could be under the price of Bitcoin, the surprises of volatility of volatility could lead to more pain in stocks and BTCs.
Hayes Says,
“Jaypow was delivered, QT really on April 1. The next thing we need to Bulled up for Realz is either SLR exemption and or a QE -restart. Is BTC $ 77K under, prob.
Related: Trump said it would be ‘Bitcoin Superpower’ because the price of BTC destroys 4 -month downtrend
As Cointelegraph reported, the majority of Bitcoin’s recent action was driven by Activity in Futures groceriesbut the re -display of BTC Coinbase Premium It could be a sign that the demand of the area is back to the market.
Bitcoin Coinbase Premium Index. Source: cryptoquant
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
