Bitcoin Recovers From Terrible Week as US President Donald Trump Announces a Strategic Crypto Reserve

Bitcoin saw a terrible week but managed to recover this morning as US President Donald Trump announced a strategic crypto reserve.

Bitcoin (BTC) saw a stellar recovery this morning as US President Donald Trump announced a strategic crypto reserve.

The crypto market saw a huge surge in value over the weekend as a result of the move. Moreover, several other factors such as whales moving assets and positive net inflows into BTC ETFs helped turn things around, showing signs of a market rebound.

However, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.

This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls.

Crypto Prices Today

Last Monday (February 24), the overall crypto market cap stood at $3.23 trillion. BTC price stood at around $95,400. ETH price stood at around $2,700.

A week later, the overall market cap dipped to $3.08 trillion.

Top Crypto Prices TodayCoinPriceChange (24 Hrs)BTC$92,573.00+0.86ETH$2,082.43+0.10BNB$240.88+0.37USDT$1.00—ADA$0.32+0.21XRP$0.68+0.44Solana (SOL)$159.93+1.03Cardano (ADA)$0.31+0.12

DeFi's total volume stands at $12.03 billion, at 6.35 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $171.98 billion, at 90.80 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Fear’ with 39 points (out of 100).

BTC dominance, at the time of writing, stood at 59.68 percent.

Over the past seven days, Bitcoin achieved a high of $96,039.89 (on February 24) and a low of $78,441.75 (February 28).

Ethereum, on the other hand, saw a high of $2,732.05 (February 24) and a low of $2,082.43 (February 28).

Crypto Events To Note

Former US President Donald Trump’s announcement of a strategic crypto reserve, including Solana (SOL), XRP, and Cardano (ADA), triggered a $300 billion surge in the crypto market over the weekend. The move mirrored previous reactions seen during the TRUMP memecoin launch.

Shivam Thakral, CEO of BuyUcoin, noted Bitcoin’s resilience, nearing $95,000, driven by institutional adoption and the upcoming White House crypto summit. Avinash Shekhar, CEO of Pi42, highlighted bullish trends across Bitcoin, Ethereum, and altcoins, positioning the U.S. at the forefront of digital assets.

Sathvik Vishwanath, CEO of Unocoin, pointed to Bitcoin’s 10% surge, fueled by growing optimism and Trump’s rising election odds. CoinDCX Research observed ADA and XRP spikes, while Bitcoin faced resistance at $95,500.

With institutional interest rising, analysts anticipate further rallies, closely monitoring regulatory shifts and market trends.

What Crypto Traders Are Saying About Current Market Scenario

Edul Patel, co-founder and CEO, Mudrex said, "Trump’s announcement on the strategic crypto reserve over the weekend has changed the market direction, with all major coins on an uptrend. Adding to the momentum, multiple factors, such as positive net inflows into Bitcoin ETFs and whales moving 34,600 BTC into accumulation, suggest a sustained market rebound from these levels. Additionally, Bitcoin’s RSI indicates a bullish recovery as it emerges from oversold territory. Going forward, investors should watch the outcome of the first-ever White House Crypto Summit on Friday, as it could further influence market sentiment.”

Thangapandi Durai, CEO and Founder, Koinpark, said, “Over the past week, Bitcoin has seen significant price fluctuations, initially reaching to $99,500 before dropping sharply to $82,000. This decline was stemmed by a $1.4 billion crypto hack, leading to mass withdrawals and panic selling. Large-scale sell-offs by major investors further intensified the price drop. However, Bitcoin has since rebounded to $92,5