Bitcoin goes north after Donald Trump endorses a U.S. Crypto Reserve, sparking a rally in BTC, ETH, XRP, and SOL.
On-chain data shows whale accumulation as Bitcoin price regains key support above $80-82K.
Trump's personal crypto portfolio tumbles amid general upturn (designed by Grok).
Bitcoin’s (BTC) price is surging today, leaving many investors asking what’s driving the sudden
climb. Over the past 24 hours, Bitcoin (BTC) has jumped by double digits,
breaching the mid-$90,000s after a period of weakness. Several key factors are
behind this rally, including a high-profile endorsement from the U.S. President
Donald Trump.
This
announcement – effectively an endorsement of these cryptocurrencies at the
highest level of government – immediately sent prices soaring across the crypto
market.
Bitcoin,
the world’s largest cryptocurrency, jumped about 10% on the news, briefly
trading around $93,000–$95,000.
Bitcoin price surged the most since November. Source: CoinMarketCap
The positive developments that lifted Bitcoin’s price have also caused a ripple
effect across the cryptocurrency market, with many altcoins (alternative
cryptocurrencies) logging impressive gains.
Here’s a look at how BTC’s movement compares with a few major altcoins and
what drove their prices: Ethereum leapt about 13% to roughly $2,516. In total,
over $300 billion in value was added to the crypto market’s market
capitalization within hours of Trump’s message, according to CoinGecko data
Altcoin Performance vs.
Bitcoin (past 24 hours):
Asset
24h Price Change
24h Volume Change
Bitcoin
(BTC)
+12% (to $95,000)
+140%
Ethereum
(ETH)
+17% (to $2,548)
+130%
XRP (XRP)
+33% (to $2.97)
+500%
Solana (SOL)
+27% (to $178.6)
+350%
Cardano
(ADA)
+75% (to $1.13)
+1450%
Why Is Bitcoin Rising Today?
BTC/USDT Technical Analysis
As
suggested in my last Bitcoin technical analysis, the fate of BTC's price
depended on movements around $80,000 and the 200 EMA. Although BTC temporarily
dipped below this crucial average separating bull and bear markets, key support
provided bulls with the necessary platform for a rebound, simultaneously
drawing a textbook single-candle reversal formation.
We're
talking about a bullish pin bar (or hammer) with an extremely long lower wick,
which was a clear signal from buyers: we intend to defend this level and buy
Bitcoins in its vicinity.
This
provided a platform for a stronger rebound, and Donald Trump added fuel to the
fire, allowing Bitcoin's price to return to the consolidation range drawn since
November, between $90-92,000 (support) and $108,000 (resistance).
Why is Bitcoin going up? Technical analysis. Source: Tradingview.com
If
Bitcoin's price holds above this level, testing new all-time highs (ATH) is, in
my opinion, only a matter of time.
Bicoin Price Support and
Resistance Levels
Support
Resistance
$90-92K -
lower limit of November consolidation
$95K - 50 EMA
$86K - 200 EMA
$100K - psychological level
$80-82K -
psychological support from late February
$108K -
ATH tested in December and January
Bitcoin Macro Factors: Inflation,
Interest Rates, and Economic Trends
Beyond the
buzz of Trump’s crypto endorsement, macroeconomic factors have been providing a
supportive backdrop for Bitcoin’s rise. Over the past few weeks, investors have
been parsing economic data and central bank signals that affect all risk
assets, including cryptocurrencies. Several trends stand out:
Recession
Fears and Rate Cut Bets: Recent U.S. economic data has been surprisingly soft, raising concerns
about a potential economic slowdown
Inflation
and Currency Dynamics:
Inflation has been a double-edged sword for Bitcoin. On one hand, high
inflation increases Bitcoin’s appeal as “digital gold” – a hard asset with a
capped supply. On the other hand, if inflation rises too fast, it forces
central banks to tighten policy (which can hurt risk assets).
Investor
Risk Appetite:
Global market sentiment has improved in early March. Stock markets, which
suffered losses in February, staged a late rebound as investors grew hopeful
that central banks would ease off tightening. In the U.S., the S&P 500 and
Nasdaq ended last week on a rally.
Today’s
Bitcoin price rise isn’t happening in a vacuum. It’s partially riding the wave
of macroeconomic trends. Cooling inflation, the potential for lower interest
rates, and a risk-friendly market environment have all made it easier for
Bitcoin to attract buyers.
Bitcoin On-Chain Data
Insights: Key Metrics
The
on-chain data confirms a healthy rally supported by broad participation,
strategic positioning of "smart money," and the unwinding of short
positions, all contributing to Bitcoin's significant price increase.
Metric
Description
Trading
Volume Surge
Bitcoin trading volume increased
by over 140% in 24 hours, with the total crypto market volume jumping about
150% to $190 billion daily turnover.
Whale
Accumulation
Large Bitcoin holders (whales)
have been accumulating during the price rise, with several significant
transactions observed, including withdrawals of 600 BTC ($51.5 million) and
657 BTC ($60 million) from exchanges.
Exchange
Inflows/Outflows
Net outflows dominated, with
approximately $500 million worth of Bitcoin leaving exchanges in a 24-hour
period during the price rebound, indicating bullish sentiment.
Short
Squeeze Potential
On-chain data suggests that
Bitcoin's jump was partly fueled by a short squeeze, with analysts estimating
significant short liquidations if Bitcoin pushed past $95K.
FAQ: Common Questions
About Bitcoin’s Price Surge
Did Donald Trump’s
Announcement Really Cause Bitcoin’s Price to Surge?
Yes –
Trump’s announcement was a major trigger for the rally. In a post on March 2,
2025, he revealed plans for a U.S. crypto reserve including Bitcoin and several
altcoins. This unprecedented endorsement by a former (and now again) U.S.
President immediately boosted market confidence. Bitcoin jumped about 10%
within hours of the news.
Why Is Bitcoin Going Up
Now?
President
Donald Trump's recent executive order establishing a Crypto Strategic Reserve,
which includes Bitcoin, has significantly boosted investor confidence. This
move signals formal recognition of digital assets within the U.S. financial
system. Additionally, the anticipation of interest rate cuts by major central
banks in 2025 is creating a risk-on sentiment that favors cryptocurrencies.
How Much Will $1 Bitcoin
Be Worth in 2025?
Forecasts
suggest Bitcoin could reach between $125,000 and $250,000 by 2025. If these
predictions materialize, $1 invested at current prices could appreciate by 33%
to 166%. It's important to note that these are speculative projections and
actual performance may vary considerably due to market conditions, regulatory
changes, and technological developments in the cryptocurrency space.
How Much Is Bitcoin
Selling for Today?
As of March
3, 2025, Bitcoin is trading at approximately $93,913.86. This price represents
a significant recovery from recent lows around $78,200 seen in late February.
The cryptocurrency has shown resilience, rebounding strongly after a period of
volatility. It's worth noting that Bitcoin's price is currently about 13.86%
below its all-time high of $109,026.02.
Bitcoin’s (BTC) price is surging today, leaving many investors asking what’s driving the sudden
climb. Over the past 24 hours, Bitcoin (BTC) has jumped by double digits,
breaching the mid-$90,000s after a period of weakness. Several key factors are
behind this rally, including a high-profile endorsement from the U.S. President
Donald Trump.
This
announcement – effectively an endorsement of these cryptocurrencies at the
highest level of government – immediately sent prices soaring across the crypto
market.
Bitcoin,
the world’s largest cryptocurrency, jumped about 10% on the news, briefly
trading around $93,000–$95,000.
Bitcoin price surged the most since November. Source: CoinMarketCap
The positive developments that lifted Bitcoin’s price have also caused a ripple
effect across the cryptocurrency market, with many altcoins (alternative
cryptocurrencies) logging impressive gains.
Here’s a look at how BTC’s movement compares with a few major altcoins and
what drove their prices: Ethereum leapt about 13% to roughly $2,516. In total,
over $300 billion in value was added to the crypto market’s market
capitalization within hours of Trump’s message, according to CoinGecko data
Altcoin Performance vs.
Bitcoin (past 24 hours):
Asset
24h Price Change
24h Volume Change
Bitcoin
(BTC)
+12% (to $95,000)
+140%
Ethereum
(ETH)
+17% (to $2,548)
+130%
XRP (XRP)
+33% (to $2.97)
+500%
Solana (SOL)
+27% (to $178.6)
+350%
Cardano
(ADA)
+75% (to $1.13)
+1450%
Why Is Bitcoin Rising Today?
BTC/USDT Technical Analysis
As
suggested in my last Bitcoin technical analysis, the fate of BTC's price
depended on movements around $80,000 and the 200 EMA. Although BTC temporarily
dipped below this crucial average separating bull and bear markets, key support
provided bulls with the necessary platform for a rebound, simultaneously
drawing a textbook single-candle reversal formation.
We're
talking about a bullish pin bar (or hammer) with an extremely long lower wick,
which was a clear signal from buyers: we intend to defend this level and buy
Bitcoins in its vicinity.
This
provided a platform for a stronger rebound, and Donald Trump added fuel to the
fire, allowing Bitcoin's price to return to the consolidation range drawn since
November, between $90-92,000 (support) and $108,000 (resistance).
Why is Bitcoin going up? Technical analysis. Source: Tradingview.com
If
Bitcoin's price holds above this level, testing new all-time highs (ATH) is, in
my opinion, only a matter of time.
Bicoin Price Support and
Resistance Levels
Support
Resistance
$90-92K -
lower limit of November consolidation
$95K - 50 EMA
$86K - 200 EMA
$100K - psychological level
$80-82K -
psychological support from late February
$108K -
ATH tested in December and January
Bitcoin Macro Factors: Inflation,
Interest Rates, and Economic Trends
Beyond the
buzz of Trump’s crypto endorsement, macroeconomic factors have been providing a
supportive backdrop for Bitcoin’s rise. Over the past few weeks, investors have
been parsing economic data and central bank signals that affect all risk
assets, including cryptocurrencies. Several trends stand out:
Recession
Fears and Rate Cut Bets: Recent U.S. economic data has been surprisingly soft, raising concerns
about a potential economic slowdown
Inflation
and Currency Dynamics:
Inflation has been a double-edged sword for Bitcoin. On one hand, high
inflation increases Bitcoin’s appeal as “digital gold” – a hard asset with a
capped supply. On the other hand, if inflation rises too fast, it forces
central banks to tighten policy (which can hurt risk assets).
Investor
Risk Appetite:
Global market sentiment has improved in early March. Stock markets, which
suffered losses in February, staged a late rebound as investors grew hopeful
that central banks would ease off tightening. In the U.S., the S&P 500 and
Nasdaq ended last week on a rally.
Today’s
Bitcoin price rise isn’t happening in a vacuum. It’s partially riding the wave
of macroeconomic trends. Cooling inflation, the potential for lower interest
rates, and a risk-friendly market environment have all made it easier for
Bitcoin to attract buyers.
Bitcoin On-Chain Data
Insights: Key Metrics
The
on-chain data confirms a healthy rally supported by broad participation,
strategic positioning of "smart money," and the unwinding of short
positions, all contributing to Bitcoin's significant price increase.
Metric
Description
Trading
Volume Surge
Bitcoin trading volume increased
by over 140% in 24 hours, with the total crypto market volume jumping about
150% to $190 billion daily turnover.
Whale
Accumulation
Large Bitcoin holders (whales)
have been accumulating during the price rise, with several significant
transactions observed, including withdrawals of 600 BTC ($51.5 million) and
657 BTC ($60 million) from exchanges.
Exchange
Inflows/Outflows
Net outflows dominated, with
approximately $500 million worth of Bitcoin leaving exchanges in a 24-hour
period during the price rebound, indicating bullish sentiment.
Short
Squeeze Potential
On-chain data suggests that
Bitcoin's jump was partly fueled by a short squeeze, with analysts estimating
significant short liquidations if Bitcoin pushed past $95K.
FAQ: Common Questions
About Bitcoin’s Price Surge
Did Donald Trump’s
Announcement Really Cause Bitcoin’s Price to Surge?
Yes –
Trump’s announcement was a major trigger for the rally. In a post on March 2,
2025, he revealed plans for a U.S. crypto reserve including Bitcoin and several
altcoins. This unprecedented endorsement by a former (and now again) U.S.
President immediately boosted market confidence. Bitcoin jumped about 10%
within hours of the news.
Why Is Bitcoin Going Up
Now?
President
Donald Trump's recent executive order establishing a Crypto Strategic Reserve,
which includes Bitcoin, has significantly boosted investor confidence. This
move signals formal recognition of digital assets within the U.S. financial
system. Additionally, the anticipation of interest rate cuts by major central
banks in 2025 is creating a risk-on sentiment that favors cryptocurrencies.
How Much Will $1 Bitcoin
Be Worth in 2025?
Forecasts
suggest Bitcoin could reach between $125,000 and $250,000 by 2025. If these
predictions materialize, $1 invested at current prices could appreciate by 33%
to 166%. It's important to note that these are speculative projections and
actual performance may vary considerably due to market conditions, regulatory
changes, and technological developments in the cryptocurrency space.
How Much Is Bitcoin
Selling for Today?
As of March
3, 2025, Bitcoin is trading at approximately $93,913.86. This price represents
a significant recovery from recent lows around $78,200 seen in late February.
The cryptocurrency has shown resilience, rebounding strongly after a period of
volatility. It's worth noting that Bitcoin's price is currently about 13.86%
below its all-time high of $109,026.02.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
CFTC Drops Prediction Markets Ban Proposal, Aligns With SEC on Crypto Oversight
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
