The crypto market is at its best with strong price gains for leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL) and Cardano (ADA).
The trigger for the sharp price increase was a surprising announcement by US President Donald Trump. He announced the establishment of a strategic crypto reserve in which these five coins are to play a central role. The news caused significant market movements as investors rushed to build positions. But the question is: is this the beginning of a long-term uptrend or just a short-lived market rally followed by a possible correction?
Bitcoin (BTC): Price Reaches Impressive Highs
Bitcoin has increased significantly in value over the last 24 hours, reaching a new high of $94,800. After a brief decline, the price is currently around $91,400, an increase of over 6%. It will be crucial for the price to hold the last low at $78,195 and reach and exceed the next target at $99,508. However, we expect the price to fall in the short term. This weakness is an excellent opportunity to buy.
Ethereum (ETH): Target (NYSE:TGT) Price of $2,500 Within Reach
Ethereum rose even more sharply than Bitcoin. After the announcement, the Ether price rose by 15% and reached a high of $2,500. Despite a slight correction to the current level of $2,350, the daily gain of 6.5% remains impressive. However, we caution against a possible setback to the $1,600–$1,250 range.
Ripple (XRP): Spectacular 25% Jump
Ripple (XRP) was yesterday’s big winner. The price shot up 38% to a high of over $3 after the announcement, before settling at around $2.65. The $3 mark remains a significant resistance level, but the potential for further gains is there. We see $3.40 as the next target.
Solana (SOL): Forerunner of a New Uptrend?
Solana also reacted positively to the news, rising by 20% to a high of $178. The current price is $161, which corresponds to a daily gain of 12%. Should the crypto market as a whole continue to rise, the next resistance level at $180 could soon be overcome.
Cardano (ADA): Historic Price Gains
Cardano surprised on the upside and recorded an impressive increase of over 60%. This pushed ADA through the important $1 mark. The development was initially triggered by speculation that ADA would not be part of Trump’s planned crypto reserve. After a later confirmation that Cardano would be included after all, the price rose rapidly. Currently, the ADA price is hovering around the psychologically important $1 mark.
Rally or Correction: What Investors Should Know
The announcement of the strategic crypto reserve has set the markets in motion, but the further development remains uncertain. Investors should expect continued volatility as long as the exact plans remain unknown. Overall, however, many cryptocurrencies are in a strong uptrend that is likely to continue.
Disclaimer/Risk warning:
The information provided here is for informational purposes only and does not constitute a recommendation to buy or sell. It should not be understood as an explicit or implicit assurance of a particular price development of the financial instruments mentioned or as a call to action. The purchase of securities involves risks that may lead to the total loss of the capital invested. The information provided does not replace expert investment advice tailored to individual needs. No liability or guarantee is assumed, either explicitly or implicitly, for the timeliness, accuracy, appropriateness or completeness of the information provided, nor for any financial losses. These are expressly not financial analyses, but journalistic texts. Readers who make investment decisions or carry out transactions based on the information provided here do so entirely at their own risk. The authors may hold securities of the companies/securities/shares discussed at the time of publication and therefore a conflict of interest may exist.
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