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Home » Market Updates » Crypto Markets Added $300 Billion as Bitcoin (BTC) Soared by $10K (Market Watch)
Crypto Markets Added $300 Billion as Bitcoin (BTC) Soared by $10K (Market Watch)
Author: Jordan Lyanchev
Last Updated Mar 3, 2025 @ 11:40
Some altcoins charted massive 50%+ surges after Trump’s statement.
After days and days of suppressed price actions, bitcoin finally made a big move yesterday evening and shot up by ten grand from top to bottom.
Many altcoins charted even more impressive gains, especially those that were namedropped by President Trump.
BTC Soars by $10K
It was a tough week for the primary cryptocurrency as the asset plunged from $96,000 on Monday to $78,000 by Friday morning. This came amid Trump’s escalating trade war against a few countries, fears about rising inflation, and other possible reasons.
After flushing out billions in over-leveraged positions, BTC finally started to rebound on Friday afternoon and jumped to $84,000. The weekend started calmly, and bitcoin remain still at around $84,000 to $86,000.
That’s when the market took another turn, this time for the better after another interaction by US President Trump. This time, he confirmed that his administration will work on the promised US Crypto Reserve, which sent shockwaves through many altcoins, but more on that later, and BTC eventually.