Bitcoin Surges as Trump Signals New Opportunities for Altcoins

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Bitcoin has surged back to the $95,000 mark, up from $78,000 just days ago. The recent rise has been attributed to Trump’s announcement regarding reserves, which has brought optimism to altcoin investors. However, it is important to note that this reserve initiative is still in the research phase, and a significant announcement is expected soon.

Solana, Cardano, and XRP on the Rise

Today’s announcement indicated that three cryptocurrencies, including Solana (SOL), Cardano (ADA), and XRP, would be included in the reserves due to their U.S. base. Moreover, the upcoming Crypto Summit at the White House this Friday will host executives from several crypto firms, which may lead to a significant PR boost for U.S.-based crypto companies.

This new phase could make U.S.-based cryptocurrencies even more appealing, especially as Trump laid the groundwork for this during his announcement.

If Solana’s price can maintain the $168 support, we may see it challenge $183 and $203 levels. We hope that the ineffective tokens on the Solana network do not trigger another false hype phase that could dry up liquidity in other altcoins.

ADA Coin has emerged as the day’s winner, surging by 76% to reach a peak of $1.15. This is not surprising, as ADA Coin is experiencing significant support from Trump for the first time. If it can sustain $1.1, the path to new highs at $1.24 and $1.32 could open up.

XRP Coin has also gained momentum with an increase of over 30%. With the support level at $2.83, attempts to push towards $3.21 could follow, making Monday a potentially volatile trading day.

Mina and AVAX Predictions

Among the many popular U.S.-based cryptocurrencies, Mina and AVAX stand out. The CEOs of these crypto projects will likely experience significant volatility during Friday’s event, with potential announcements throughout the week. Despite a recent pullback to $0.33, Mina Coin must reclaim its support at $0.38 and $0.45 strongly.

AVAX has initiated a recovery from its lows, targeting the $27 region, then aiming for $33.

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