Bitcoin (BTC) Jumps to $87K to Start a Green Week, TRUMP Meme Coin Also Gets a Boost

Today, BTC opened at $87K, showing a slight upward trend after days of price fluctuations within the $83K – $84K range. By: A.M. Velichko

Kicking off the new week, crypto market saw positive signals from Bitcoin—the world’s largest cryptocurrency—and the TRUMP meme coin. These developments indicate a promising start to the week, hinting at potential bullish momentum across the broader market.

BTC’s price today

Today, BTC opened at $87K, showing a slight upward trend after days of price fluctuations within the $83K – $84K range.

Previously, Bitcoin traded within a narrow range from March 20 to March 23, reaching a high of $84,500 and a low of $83,500.

This event aligns with speculation that the IMF may incorporate Bitcoin into its reserves. However, concerns over market corrections and economic impacts of high valuations persist. Meanwhile, shifting U.S. political sentiment, with some policymakers advocating government Bitcoin acquisitions, hints at potential regulatory shifts ahead.

This event aligns with speculation that the IMF may incorporate Bitcoin into its reserves. However, concerns over market corrections and economic impacts of high valuations persist. Meanwhile, shifting U.S. political sentiment, with some policymakers advocating government Bitcoin acquisitions, hints at potential regulatory shifts ahead.

A strong BTC buying wave from major players

El Salvador, the first country to legalize Bitcoin as an official currency, added 8 BTC, bringing its total holdings to 6,124.18 BTC. Although the amount is relatively small, this move is symbolically significant, demonstrating the government’s ongoing commitment to Bitcoin accumulation despite market fluctuations. This reinforces investor confidence in Bitcoin’s adoption at a national level.

MicroStrategy, the world’s largest corporate Bitcoin holder led by Michael Saylor, continues to hint at further BTC purchases. Currently, MicroStrategy holds 499,226 BTC, equivalent to $42.7 billion, representing approximately 2.5% of Bitcoin’s total supply. With its significant influence, every new Bitcoin acquisition by MicroStrategy creates a FOMO effect in the market, encouraging institutional and retail investors to accumulate more BTC, thereby increasing buying pressure.

Furthermore, Metaplanet, a publicly traded company on the Tokyo Stock Exchange, often referred to as the “MicroStrategy of Asia,” purchased an additional 150 BTC, increasing its total Bitcoin reserves to 3,350 BTC, worth $428.8 million. Specially, this move appears right after the news of the appointment of Eric Trump—son of Donald Trump—to the strategic advisory board.

$TRUMP saw a 10% increase today

Another interesting highlight of the day is about the memecoin $TRUMP. At noon on March 23, former U.S. President Donald Trump shocked the crypto market by officially endorsing the TRUMP meme coin on Truth Social.

Trump described the token bearing his name as “very cool” and even called it “the greatest of them all.”

Following his statement, TRUMP’s price surged by 10%, jumping from approximately $10.9 to $12. As a result, the meme token’s market capitalization gained an additional $100 million. Despite the short-term rally, TRUMP is still trading 85% below its all-time high and continues its prolonged downtrend since its launch.

This event has since become a symbol of loyalty, and the project has strategically leveraged this narrative to attract buyers. By tapping into the emotional and political significance of the incident, TRUMP memecoin capitalizes on its namesake’s strong supporter base, turning sentiment into market momentum.