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Cryptocurrency News Articles

Trump Media Partnership Ignites Momentum for CRO Price as Bitcoin Nears $90,000

Mar 25, 2025 at 09:03 am

During Monday’s trading session, the crypto market witnessed a bullish turnaround with Bitcoin nearing $90,000. Amid a relief rally, Crypto.com recorded a notable spike in buying pressure

Trump Media Partnership Ignites Momentum for CRO Price as Bitcoin Nears $90,000

The cryptocurrency market displayed a bullish turnaround during Monday’s trading session, with Bitcoin nearly reaching $90,000.

Among the cryptocurrencies that experienced a notable spike in buying pressure, Crypto.com (CRYPTO: CRO) recorded a significant surge following the recent partnership announcement with Trump Media and Technology Group Corp (Nasdaq: DJT).

What Happened: On Monday, Trump Media and Technology Group Corp, the operator of Truth Social and streaming platform Truth+, disclosed a non-binding agreement with Crypto.com and Truth.Fi to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand.

These ETFs will be made available through crypto.com’s broker-dealer Foris Capital US LLC and will include digital assets as well as securities with a "Made in America" focus across diverse industries like Energy, the news release stated.

The ETF products are set to go live later in 2025, pending a definitive agreement and regulatory approval. The rollout will target global markets, encompassing the U.S., Europe, and Asia across multiple platforms and brokerages.

“We are proud to partner with Truth Social (DJT) and Yorkville America and to support the launch of these new ETFs, including the first-of-its-kind basket of tokens including CRO. These ETFs will give consumers more options from a brand with a loyal following. Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world.” said Kris Marszalek, co-founder and CEO of Crypto.com.

Following the news, the CRO price surged 16% and teased an upside breakout from $0.1.

Crypto.com Coin Price Action: Since late February 2025, the Crypto.com coin price has managed to shift its prevailing downtrend momentum to sideways. The consolidation is limited between $0.07 and $0.1 horizontal levels, projecting a temporary breather for market participants before the next move.

With today’s jump, the CRO price stands at the doorstep of $0.1 resistance, awaiting a bullish breakout. A successful flip of this overhead resistance into potential support will signal a change in market dynamics and could bolster the price for a surge to $0.123.

On the contrary, if the coin price breaks below $0.07 support, the sellers will strengthen their grip over this asset for a prolonged downfall.

Disclaimer:info@kdj.com

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Other articles published on Mar 26, 2025