Ah, the capricious nature of Bitcoin (BTC), galloping towards the dizzying heights of $93,000 on that fateful day of March 2nd, while our illustrious former President, Donald Trump, decided to plant a rather eccentric flag in the digital soil of the crypto world. Like a child with a new toy, he doubled down on a strategic crypto reserve! 🎩
Trump declares: “I also love Bitcoin and Ethereum!” (As if we didn’t know!)
The splendid data from the mystical realms of CryptoMoon Markets Pro and the ever-reliable TradingView purportedly showcased a roaring BTC/USD surge, a remarkable 8% spike during the rare weekend that had the blockchain world buzzing.
Our dear Trump ignited what can only be described as a crypto firestorm—imagine a summer campfire with marshmallows, then add digital coins—thanks to vague posts on Truth Social hinting at a coveted “crypto reserve” being concocted with the illustrious BTC, Ether (ETH), and a gaggle of altcoins hosting their weekly tea party. ☕🐾
More astonishingly, after initially toying with names like XRP (XRP), Solana (SOL), and Cardano (ADA), Trump decided to throw in some well-known candidates—because why not? It’s like a reality star picking the next season’s cast.
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve,” as if we weren’t all clued into that riveting detail from the outset. 📈
“I also love Bitcoin and Ethereum!”
The weekend order book liquidity, or rather the lack thereof, transformed crypto markets into a raucous rollercoaster, rendering BTC/USD to flirt with the stupendous $92,000 mark on Bitstamp—who needs reality when you have ether and a pinch of volatility?
“Well, market changes happen when nobody expects it,” chimed in crypto trader and self-proclaimed oracle Michaël van de Poppe on X, as if casting a spell to protect his ever-fluctuating investments.
“The last crash was probably the biggest manipulation ever for people to scoop up big positions in $BTC and $ETH. The bottom is in. The low is in on Altcoins. The final easy cycle has started.”
Meanwhile, joyfully riding the peaks and valleys of this rocky island, XRP fortuitously danced past ETH, elegantly claiming the crown by fully diluted valuation (FDV)—a milestone worthy of a grand gala, replete with applause and confetti. 🎊
“This is what crypto has been waiting for,” chimed the trading resource, The Kobeissi Letter, in a melodramatic flourish only financial prophets can muster.
$93,500 BTC price reclaim: An affair that needs attention!
The ever-charming trader and analyst, Rekt Capital, serenaded us with a description of the recent dive to $78,000 as a rather poetic “downside deviation,” reminding us that such deviations heralded the dawn of previous Bitcoin bull markets—as if the universe had an agenda regarding Bitcoin.
“Bitcoin has recovered almost the entirety of its downside deviation,” rejoined Rekt Capital in a fresh analysis, as though to reassure anxious investors hiding beneath their beds.
“The price needs to now Weekly Close above the Re-Accumulation Range Low of $93500 to reclaim the range. And Bitcoin is only just +2% away from doing so.”
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2025-03-02 20:40