Bitcoin Spot Price Rises 9.5% Following Trump’s Crypto Reserve Designation
Bitcoin's spot price increased by 9.5%, rising from approximately $84,100 to over $94,000 after President Donald Trump included BTC and four other cryptocurrencies—ETH, XRP, SOL, and ADA—in a U.S. strategic crypto reserve.
Key points include:
- March futures on the CME opened at $95,000, a rise of $9,280 from the prior high of $85,720.
- The gap indicates a non-traded zone reflecting a bullish market sentiment following last week's sell-off.
- Market gaps typically get filled as participants seek balance post-disruption.
- A new gap between $84K and $94K suggests potential for prices to revisit this range.