- Trump’s crypto reserve plan sparks a massive Bitcoin rally
- Market volatility drives BTC up 17% in just two days
- Analysts say the final easy cycle for altcoins has begun
Trump’s Bold Crypto Move Shakes the Market
Bitcoin’s price surged toward $93,000 over the weekend, fueled by an unexpected endorsement from Donald Trump. The former U.S. President set the crypto world on fire with a Truth Social post, doubling down on his plan to establish a strategic crypto reserve—one that would include Bitcoin (BTC), Ethereum (ETH), and several altcoins.
Initially, his post only mentioned XRP, Solana (SOL), and Cardano (ADA), but within hours, a follow-up confirmed that BTC and ETH would be key assets in the reserve. And just to make things even more interesting, Trump added:
“I also love Bitcoin and Ethereum!”
That was all it took. Crypto markets exploded with fresh momentum, with Bitcoin climbing nearly 8% in weekend trading, a rare occurrence that hints at serious institutional activity behind the scenes.
A Weekend of Wild Gains
With order book liquidity lower on weekends, price movements tend to be more dramatic, and this time was no exception. Bitcoin’s rapid climb to $92,727 came just two days after dipping to around $78,000—marking a 17% rebound in an incredibly short span.
Analysts were quick to react, with Michaël van de Poppe, a well-known trader and entrepreneur, calling the previous dip the “biggest manipulation ever” designed to let major players accumulate BTC and ETH at discount prices. He didn’t mince words, stating:
“The bottom is in. The low is in on altcoins. The final easy cycle has started.”
And it wasn’t just Bitcoin getting all the attention. The wild price action caused XRP’s fully diluted valuation (FDV) to briefly overtake Ethereum’s, stirring up even more speculation. The Kobeissi Letter, a popular trading resource, summed up the sentiment best:
“This is what crypto has been waiting for.”
What’s Next? Eyes on $93,500
Despite the impressive rally, analysts are watching one key level—$93,500. Popular trader Rekt Capital classified Bitcoin’s drop to $78,000 as a classic “downside deviation,” something that has been seen in previous bull market cycles.
For BTC to officially reclaim its bullish range, it needs a weekly close above $93,500. Right now, it’s just 2% away, meaning the next few days could be critical in determining Bitcoin’s next major move.
One thing’s clear—Trump’s crypto push has lit a fire under the market. If BTC secures this breakout, we might just be looking at the start of a new parabolic phase for Bitcoin and altcoins alike.
