Crypto-Equities Surge Following Trump’s Strategic Announcement
In a notable turn of events, crypto-equities have experienced a significant rebound following the announcement of Donald Trump’s crypto strategic reserve initiative. As the U.S. market prepares to open, bitcoin (BTC) maintains a strong position above $92,000, showcasing a recovery from its recent decline, which had seen prices dip to around $78,000.
This resurgence has positively impacted crypto-related stocks, which had recently faced considerable declines. Notably, MicroStrategy (MSTR) saw a remarkable 12% increase after suffering a staggering 50% drop from its November peak. Other major players in the market, including Coinbase (COIN) and Marathon Digital Holdings (MARA), recorded gains of 10%, while Iris Energy (IREN) rose by 11%.
According to data from Glassnode, bitcoin has also surpassed the Short-Term Holder Realized Price (STH RP), currently set at $92,107. This metric is crucial as it tracks the average on-chain cost for investors over the last 155 days. Historically, maintaining a position above this threshold has indicated a bullish trend, although temporary dips have been observed, such as those in October 2023 and 2024, before further upward movements.
BTC: Long/Short Term On Chain Cost Basis (Glassnode)
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