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The crypto market cap rose back above $3 trillion after a brief sell-off. Interestingly, the sell-off and the recent upswing were both triggered by the U.S. President, Donald Trump. With the imposition of tariffs, the crypto markets plunged, with the BTC price marking fresh bottoms below $79,000, while with the announcement of a crypto strategic reserve, the price surged back above $95,000. With a momental shift from being bearish to somewhat bullish, the market participants now see some hope ahead of the first quarterly close. President Trump announced the set-up of a crypto strategic reserve with Bitcoin, Cardano, XRP, & Solana, which is believed to start a global FOMO soon. As rightly stated by Senator Lummis, the crypto fight could begin. China is reportedly holding a secret, closed-door meeting discussing the same. However, this move appears to be more to bolster the economy of the U.S., which is now carrying a national debt of over $36.2 trillion. The announcement seems to have followed an analysis that the crypto is a magnet for investors. As per some reports, more than $300 billion has flown into the markets following the announcement. Moreover, the claim of making the U.S. the crypto capital of the world is expected to attract the crypto investors who could invest $5 million to get U.S. citizenship as the craze for the memcoin launched by the President himself validated the growing crypto adoption across the globe. What’s Next with the Bitcoin ( $BTC ) Price Rally ? The Bitcoin price witnessed a magnificent jump during the past weekend as it surged above $95,000 from the local bottoms. The present price action did close the CME gap between $80,670 and $$78,000 to a large extent but, in turn, has created a major gap instead. The start of the monthly trade was with a bullish rebound, which was followed by a 12% jump. Unfortunately, this 12% has formed a huge gap on the CME, and hence, the price is now expected to correct to fill the gap. As seen in the above chart, the $BTC price faced a pullback and is entering the CME gap range between $85,720 and $91,630. The price is known to have filled the nearest gaps in previous times, as it did in July- August 2024. Even if the price drops to fill the gap, the crypto will remain within the bullish range between the 50-day & 200-day MA, which are acting as strong resistance and support levels. Hence, breaking either of the levels may validate the direction of the next price action. The Bitcoin price started the February trade on a bearish note and maintained a strong descending trend throughout the month. Hence, the price is now believed to fill the gap and rebound to reach $100K as the monthly start has been extremely bullish. However, the uncertainty over the crypto markets continues to prevail as the sentiments remain fearful.

The crypto market is buzzing after Donald Trump's announcement of a U.S. strategic cryptocurrency reserve. This move marks a significant shift in the government's stance on digital assets. Bitcoin (BTC) surged nearly 20%, reaching $94,000, while Ethereum (ETH) rose 12%, and XRP soared 24%. Solana (SOL) and Cardano (ADA) also saw substantial gains, with ADA climbing over 50%. Trump's vision is to make the U.S. the "Crypto Capital of the World." He's hosting a crypto summit at the White House, bringing together major industry players. This development could be a turning point for the crypto space, potentially leading to mainstream adoption. The reserve will likely include a mix of cryptocurrencies, with XRP being considered due to its speed, efficiency, and existing financial network ¹. However, regulatory uncertainty and centralization concerns remain significant hurdles. Other countries are also exploring crypto reserves, with El Salvador adopting Bitcoin as legal tender in 2021. The Central African Republic followed suit in 2022 but later suspended implementation due to regulatory concerns ¹. As the crypto landscape

$BTC $ETH $SOL $XRP Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a strategic crypto reserve for the United States that will include bitcoin and ether as well as XRP Solana’s SOL token and Cardano’s ADA. XRP surged 33% after the announcement while the token tied to Solana jumped 25%. Cardano’s coin soared more than 60%. Bitcoin rose 10% to $94,343.82, after dipping to a three-month low under $80,000 on Friday. Ether, which has suffered some of the biggest losses in crypto year-to-date, gained 13%. Trump is hosting the first White House Crypto Summit on Friday, and investors will be watching closely for more clues about the direction of the reserve plans. This is the first time Trump has specified his support for a crypto “reserve” versus a “stockpile.” While the former assumes actively buying crypto in regular installments, a stockpile would simply not sell any of the crypto currently held by the U.S. government.

$BTC $ETH $SOL $XRP Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a strategic crypto reserve for the United States that will include bitcoin and ether as well as XRP Solana’s SOL token and Cardano’s ADA. XRP surged 33% after the announcement while the token tied to Solana jumped 25%. Cardano’s coin soared more than 60%. Bitcoin rose 10% to $94,343.82, after dipping to a three-month low under $80,000 on Friday. Ether, which has suffered some of the biggest losses in crypto year-to-date, gained 13%. Trump is hosting the first White House Crypto Summit on Friday, and investors will be watching closely for more clues about the direction of the reserve plans. This is the first time Trump has specified his support for a crypto “reserve” versus a “stockpile.” While the former assumes actively buying crypto in regular installments, a stockpile would simply not sell any of the crypto currently held by the U.S. government.

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.5% in January from 2.6% in December, the US Bureau of Economic Analysis reported on Friday. The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. This print came in line with the market expectations. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated. Other details of the report showed that Personal Income increased by 0.9% on a monthly basis, while Personal Spending declined by 0.2%. Market reaction to PCE inflation data The PCE inflation data don't seem to be having a noticeable impact on the US Dollar's (USD) valuation. At the time of press, the USD Index is up 0.04% on the day at 107.33. The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.6% YoY in January. Markets largely expect the Federal Reserve to hold the policy setting unchanged in March and May. Annual PCE inflation is forecast to edge lower to 2.5% from 2.6% in December. The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for January on Friday at 13:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation. Although PCE inflation data is usually seen as a big market mover, it might be difficult to assess its impact on the US Dollar’s (USD) valuation this time. Markets see virtually no chance of a Fed interest rate cut in March, and investors have been more interested in headlines surrounding US President Donald Trump’s policy changes and their potential impact on the economic outlook. Anticipating the PCE: Insights into the Fed's key inflation metric The core PCE Price Index, which excludes volatile food and energy prices, is projected to rise 0.3% on a monthly basis in January, following the 0.2% increase recorded in December. Over the last twelve months, the core PCE inflation is forecast to soften to 2.6% from 2.8%. Meanwhile, the headline annual PCE inflation is seen retreating to 2.5% from 2.6% in the same period. Following a 25 bps cut in December, lowering the Fed’s policy rate to the 4.25%-4.50% range, the central bank kept interest rates unchanged in the January decision. In the meeting Minutes released on February 19, the central bank removed earlier language suggesting inflation had "made progress" toward its 2% target, instead stating that the pace of price increases "remains elevated" to justify such a pause. Previewing the PCE inflation report, TD Securities said: “We look for core PCE prices to register a notably weaker advance in January compared to the CPI equivalent's 0.45% m/m increase. Headline PCE inflation should also come in softer at 0.30%. On a y/y basis, core PCE inflation is likely to drop by a notable three tenths to 2.5%—its lowest level since early 2021. Personal spending also likely fell for the first time since March.”$BTC