Bitcoin was exchanging more than 20% compared to the stockings of last week on Monday and several other cryptocurrencies which, according to the American president, Donald Trump, would also be included in a new American strategic reserve.
Trump declared in an article on Truth Social that his January executive decree on digital assets would create a stock of currencies, including Bitcoin, Ether, XRP, Solana and Cardano. The names had not been announced before.
Bitcoin and Ether will be at the heart of this reserve, he posted on Sunday.
The post sent the largest cryptocurrency in the world by a fifth compared to the Bas de November to which he was negotiating on Friday, helping to return the feeling on a token that has slipped since mid-January on the disappointment that Trump has not followed the promises of promises to loosen the regulations.
He was spent for the last time about $ 93,057, compared to $ 78,273 on Friday.
Ether is up 10% compared to the fence on Friday and was the last at $ 2,450, XRP increased by 31%, Solana 15% and Cardano increased by 69%.
“Trump has just given the pump that crypto merchants have held for,” said Matt Simpson, main market analyst at City Index.
“Any faith that was lost last week seems to have been restored”, and new heights could be made unless there is another wave of risk sales, he said.
Chris Weston, head of research at the Australian online broker Pepperstone, said it was possible that the rally will extend to the first summit of white house cryptography that Trump organizes on Friday, with the risk that the drop in other markets can weigh on feeling.
While Wall Street closed above on Friday, the recent sale in big technologies of Bellwethers such as Nvidia has eroded confidence in Bitcoin, which some consider an alternative technological proxy.
Bitcoin fell by more than 17% in February, blocking its greatest monthly percentage since June 2022 and losing more than a third of its price since it exceeded $ 105,000 in early January.
His rally since Trump’s November elections has been stimulated by optimism that the user-friendly president of cryptocurrencies would defend a strategic bitcoin fund and end the repression of the previous administration Joe Biden against the industry.
But beyond a burst of appointments of friendly civil servants from crypto when Trump has taken office, there have been few concrete news so far in this policy for investors.
“Although this announcement has considerably increased prices, it has also shown concerns,” wrote market analyst Ig Tony Sycamore.
The financing of cryptocurrency purchases in the reserve could come from American taxpayers or the cryptocurrencies of the assets will be those seized in the actions to apply the law, he said.
“The latter is not as optimistic as it is simply a transfer between accounts rather than new purchases entering the market.”
