Trump to "Buy the Dip"? Bitcoin Reserve Rumors Swirl
Crypto markets are buzzing! Jim Cramer just dropped a bombshell, suggesting that President Trump might be ready to pounce on this week's Bitcoin crash to build the US Strategic Bitcoin Reserve.
The Highlights:
The $60K Trigger: According to Cramer, if Bitcoin hits the $60,000 mark, Trump is expected to 'fill the reserve' and start aggressive accumulation.
The Vision: This moves the US closer to Trump’s goal of becoming the 'Crypto Capital of the Planet' by holding Bitcoin as a national treasury asset.
Market Impact: While the recent dip has some investors worried, the idea of a government-backed 'buy order' is creating a massive floor for the price.
Quick update on Ethereum as we navigate a high-stakes week in the crypto space."
The Current Situation:👇
Price Action ETH is currently trading around the $2,030 - $2,050 mark. We’ve seen a significant recovery of about 4% in the last 24 hours after a volatile dip that tested the $1,750 support level.
Weekly Trend: 👇
Despite the daily bounce, the market remains under pressure, down roughly 16% over the past week. * Network Activity: High trading volume (approx. $43B) suggests intense participation. While institutional sell-offs like BitMine’s $8B paper loss made headlines, retail 'dip-buying' is providing a necessary cushion. Key Levels to Watch:
Resistance: 👇
ETH needs a clean break above $2,150 to signal a true bullish reversal.
Support: 👇
Strong support is holding at $1,950. A drop below this could expose the $1,700 zone again.