Bitcoin and the broader crypto market experienced a major rally over the weekend after U.S. President Donald Trump announced the creation of a strategic crypto reserve. This policy shift boosted investor confidence, pushing Bitcoin to new highs and lifting altcoins alongside it.
Bitcoin Soars Past $93,000
Bitcoin surged nearly $14,000 in three days, climbing from a low of $78,226 on Friday to over $93,000 by Monday. The cryptocurrency even touched $95,000 at one point before settling. This 19% surge comes after weeks of consolidation, during which Bitcoin had briefly dipped below the critical $90,000 support level.
Ethereum also saw a significant gain, rising 13% to approximately $2,300. Other major altcoins followed suit, with some posting double-digit gains.
Trump’s Strategic Crypto Reserve Announcement
Over the weekend, President Trump announced a strategic crypto reserve, marking a notable shift from his previous discussions about a U.S. Bitcoin stockpile. The reserve will include not only Bitcoin but also Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
This move signals a pro-crypto stance from the U.S. government, further reinforcing Trump’s support for the cryptocurrency industry. The announcement aligns with his administration’s increasing focus on blockchain and digital assets.
Stock Market Reaction: Coinbase and Robinhood Jump
The bullish sentiment extended beyond cryptocurrencies, lifting crypto-related stocks:
- Coinbase (COIN) jumped 6%
- Robinhood (HOOD) gained 7%
- MicroStrategy (MSTR) surged 13%
MicroStrategy, known for its massive Bitcoin holdings, benefited the most from the rally as Bitcoin’s price recovery restored confidence in its strategy.
What’s Next? White House Crypto Summit in Focus
Investors are now looking ahead to the first White House Crypto Summit, scheduled for Friday. David Sacks, the White House’s AI and Crypto czar, hinted at further announcements, stating there would be “more to come.”
Market analysts believe this policy clarity could fuel another leg up for crypto assets, especially if the government provides regulatory guidance or announces institutional adoption plans.
With Bitcoin already recovering from its February correction, many traders are eyeing a potential break above $100,000—a level that could set the stage for even greater price action.
