Bitcoin surged to an intraday high of $95,043 on March 3, following a major policy announcement by former U.S. President Donald Trump outlining a proposed strategic cryptocurrency reserve. The bold declaration ignited a wave of investor enthusiasm, sending BTC prices up 8% in a rare weekend rally—a period typically marked by lower market activity. At the time of writing, Bitcoin is trading at $91,821.69, reflecting a 6.97% gain over the past 24 hours and reinforcing bullish momentum across the digital asset ecosystem.
The broader market responded swiftly to the news. Bitcoin’s market capitalization has climbed to $1.82 trillion, a 7% increase within a single day. Trading volume spiked dramatically, surging 209.38% to $72.97 billion—highlighting strong institutional and retail participation. With a fully diluted valuation now at $1.92 trillion and 19.83 million BTC already in circulation (out of a maximum supply of 21 million), the network remains tightly constrained, further amplifying price sensitivity to macro-level developments.
Trump’s Pro-Crypto Vision Sparks Market Rally
Donald Trump’s renewed focus on digital assets marks a pivotal shift in U.S. political discourse around blockchain technology. In a post on Truth Social, Trump declared his support for establishing a national crypto reserve that would include not only Bitcoin but also Ethereum and major altcoins such as XRP, Solana, and Cardano. While no formal legislative framework has been released, the mere suggestion of federal backing for digital assets sent shockwaves through the market.
This strategic reserve concept echoes existing sovereign wealth models but applies them to decentralized technologies. Analysts interpret the announcement as a clear signal of growing mainstream legitimacy for cryptocurrencies—a sentiment long advocated by industry leaders but rarely echoed at the highest levels of political power.
The timing of the announcement also played a critical role in amplifying its impact. Coming during a weekend, when liquidity is thinner, even moderate buying pressure led to outsized price movements. On Bitstamp, BTC briefly touched $95,043 before settling into its current range. Such volatility underscores how sentiment-driven events can rapidly reshape market dynamics, especially during periods of low trading volume.
Technical Outlook: Is $100K the Next Target?
From a technical analysis perspective, Bitcoin is currently testing a key resistance zone at $93,500. A sustained breakout above this level could unlock a path toward the psychologically significant $100,000 milestone—a target that has captured the imagination of traders and investors alike.
Support levels remain firm at $90,000. Should prices hold above this threshold, the odds favor continued upward momentum. However, a failure to maintain this floor could trigger a retest of the $87,500 level, suggesting potential short-term consolidation before another leg higher.
The Relative Strength Index (RSI) currently stands at 62.77—firmly in bullish territory but approaching overbought conditions. With an average RSI of 55.32 over recent weeks, the trend indicates steady accumulation rather than speculative frenzy. Additionally, moving averages continue to slope upward, reinforcing the prevailing uptrend.
Crypto analyst Michaël van de Poppe noted that Bitcoin’s recent pullback to $78,000 likely created a prime accumulation window for large investors, often referred to as “whales.” He believes the market has established a local bottom and is now entering an expansion phase that could benefit not just BTC but the broader altcoin ecosystem.
Rekt Capital echoed this view, emphasizing that a confirmed close above $93,500 would serve as strong validation of Bitcoin’s recovery. Such a move would likely attract fresh capital inflows from both traditional finance players and crypto-native traders.
Core Keywords Driving Market Sentiment
The surge in Bitcoin’s price following Trump’s announcement reflects deeper shifts in market psychology and regulatory expectations. Key terms dominating investor conversations include:
- Bitcoin price prediction
- Cryptocurrency reserve
- Trump crypto policy
- BTC market cap
- Bitcoin resistance level
- Crypto rally 2025
- Whale accumulation
- Altcoin season
These keywords represent more than search trends—they encapsulate the evolving narrative around digital assets as both investment vehicles and potential instruments of national economic strategy.
For instance, “whale accumulation” refers to large-scale purchases by institutional or high-net-worth investors, often seen as precursors to significant price movements. Similarly, “altcoin season” suggests a phase where momentum spreads beyond Bitcoin to smaller-cap cryptocurrencies—a phenomenon that may be accelerated by pro-crypto policy signals from influential political figures.
Frequently Asked Questions (FAQ)
Q: Did Donald Trump officially launch a U.S. crypto reserve?
A: No formal program has been implemented yet. Trump’s announcement outlined a proposal for a strategic cryptocurrency reserve but did not include legislation or funding mechanisms.
Q: What factors caused Bitcoin’s sudden price spike?
A: The surge was primarily driven by Trump’s pro-crypto remarks, combined with strong weekend buying pressure and increased trading volume.
Q: Is $100,000 a realistic target for Bitcoin?
A: Many analysts believe so, especially if BTC breaks above $93,500 with strong volume confirmation. Historical patterns and growing institutional adoption support this outlook.
Q: How does whale accumulation affect Bitcoin’s price?
A: When large investors accumulate BTC, it reduces available supply on exchanges, increasing scarcity and often leading to upward price pressure.
Q: Could political announcements really impact crypto markets?
A: Yes—especially when they come from high-profile figures. Policy signals influence investor confidence, regulatory expectations, and long-term adoption trajectories.
Q: What should traders watch next?
A: Key levels include $93,500 (resistance) and $90,000 (support). A break above resistance could accelerate gains toward $100K.
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Final Thoughts: A New Era for Crypto?
While the details of Trump’s proposed crypto reserve remain undefined, the symbolic weight of the announcement cannot be overstated. It represents one of the most explicit endorsements of digital assets by a major U.S. political figure—and could shape regulatory debates for years to come.
As Bitcoin approaches the $100,000 threshold, market participants are increasingly focused on both technical indicators and macro-level catalysts. Whether driven by whale activity, geopolitical shifts, or policy proposals, the current rally reflects growing confidence in cryptocurrency as a durable asset class.
With volatility likely to persist in the short term, informed decision-making will be crucial for navigating what may be one of the most transformative phases in crypto history.
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