The cryptocurrency market has ignited a fresh bullish wave, with Bitcoin (BTC) nearing the $95,000 mark and altcoins like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple's XRP recording significant price surges. The primary driver? A major political move by U.S. President Donald Trump.
A recent tweet from The Kobeissi Letter confirmed that Donald Trump has officially announced the formation of a U.S. Strategic Crypto Reserve. This unexpected move has injected over $300 billion into the crypto market in just three hours, pushing Bitcoin beyond $94,000. Notably, the reserve includes ADA, SOL, and XRP, with additions of Bitcoin (BTC) and Ethereum (ETH).
As the latest update, Bitcoin has increased by more than 8% and is trading at around $93,000 after touching a high level of $ 95,043. The speed of this renewed boom is aligned with an increase of 7.24% in BTC Futures Open Interest (OI), indicating strong investor trust. While the dominance of bitcoin decreased slightly by 0.3%, it indicates that altcoins are currently benefiting from rapid action. If BTC continues this trajectory, a $ 100k milestone may occur within the coming months.
Ethereum has broken its recent downtrend with a 10% rally, crossing the $ 2,400 mark. Currently, ETH is trading around $ 2,446, with a daily high of $2,548.81. An increase of 5.53% in ETH Futures OI shows that traders are betting at a constant pace. If the Ethereum is closed above $ 2,500, the next resistance is located near $ 2,800, which paves the way for a possible recovery of a level of $ 3,000.
Solana has outperformed many altcoins, surging over 18% in the past 24 hours to reach $170. SOL futures OI also saw a 15.18% boost, indicating strong buying interest. The price action suggests that SOL is breaking out of a descending parallel channel, with analysts eyeing a potential climb to $213 if bullish momentum sustains.
In the past 24 hours, whales have acquired more than 270 million XRP tokens, valued at approximately $753 million at current prices, as reported by prominent cryptocurrency analyst Ali Martinez.
Ripple’s XRP leads the market’s gains, rallying 23.8% to reach $2.80. Increased whale activity, with over 270 million XRP tokens purchased in 24 hours, has reinforced this bullish trend. If XRP can sustain its position above $3, analysts forecast a push toward $3.40, with long-term predictions suggesting a climb to $5-$6.
ADA’s recent price rally has triggered a breakout from its bullish flag and pole pattern on the weekly timeframe, which began forming in December 2024. Today’s 70% surge has breached this pattern, potentially paving the way for a 90% upside move. If ADA closes a weekly candle above $1.05, it could rally toward $1.90.
Following this surge, ADA has reclaimed the 200 EMA on the daily chart, signaling an uptrend. Currently trading near $1.05, the asset has jumped over 70% in the last 24 hours, with most gains occurring in the past 120 minutes.
Moreover, market trends suggest a prevailing bullish sentiment. Notably, renowned market analyst Ali Martinez recently pointed out the significant buying pressure from #Cardano $ADA whales. In a recent post on X, Martinez revealed that major investors acquired 200 million coins over the weekend.
When fear dominates the market and influencers urge selling, such periods have often proven to be strategic moments to buy. As Warren Buffett wisely suggests, **"Be greedy when others are fearful."**
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