Bitcoin $98,847.0On Thursday, he launched a new wave of ascension, exceeding the level of $ 98,000 in the Asian markets. Behind the price increase is thought to have explanations about Eric Trump’s Bitcoin investment on social media. This development caused investors to reshape market expectations. In addition, news that the Trump administration evaluated the possibility of creating a strategic Bitcoin reserve led to mobility in the market.
Eric Trump’s statement increased the demand for Bitcoin
Eric Trump made a remarkable share of Bitcoin on the X platform. In his statement, he gave Bitcoin an impression that it was a right time to invest. This message spread rapidly among investors and directly affected price movements.
Bitcoin was traded at $ 96,900 before sharing. Shortly after Trump’s message, it rose to $ 97,830. Then, the micro CME futures increased above $ 98,000, according to tradingView data.
Market experts emphasize that such statements may affect price movements, but long -term trends are determined by larger economic dynamics. Investors say that the market should be careful against the volatility of the market.
Trump Management Evaluates Bitcoin Reserve
David Sacks, an artificial intelligence and crypto currency responsible for Trump administration, said they evaluated the possibility of creating a strategic Bitcoin reserve. This development strengthened the expectations that Bitcoin could be adopted more by states.
David Sacks said Bitcoin may be an important value storage tool for national economies in the future. Some commentators on the market think that such a step can accelerate the adoption of Bitcoin on a corporate and state basis. However, an official plan has not yet been announced and market actors closely follow the developments.
The rise in the price of Bitcoin increases the interest of investor by assessing both Eric Trump’s statements and the possibility of Trump administration’s reserve forming. Whether the positive atmosphere in the market will continue, will become clear with new statements and market data in the coming days.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
