Trump's Bitcoin moves brought record-breaking results.

With the announcement of U.S. President Donald Trump's strategic reserve plans for Bitcoin, Bitcoin prices broke a historical record, surpassing $106,000. This development, which has created excitement in the cryptocurrency markets, has increased confidence in Trump's crypto-friendly policies. Market analysts indicate that new targets will be pursued with this news.

Bitcoin Strategic Reserve Plan Moves Markets

Following the announcement of U.S. President Donald Trump's plan to create a strategic reserve for Bitcoin, the leading cryptocurrency recorded a historic rise. On Monday, Bitcoin prices reached $106,648, and at the time of writing, it is trading at $105,225.

This volatility in the cryptocurrency markets has positively affected other digital assets as well. Ethereum joined the upward trend, gaining 1.5% and rising to $3,965. Subsequently, Ethereum surpassed the $4,000 mark.

IG's expert analyst Tony Sycamore, while evaluating the current situation in the markets, stated, "The $110,000 level for Bitcoin now appears to be the new target. Trump's statements have prevented the expected correction from occurring."

Trump's goal of making the U.S. a leading country in the cryptocurrency field during his presidency is seen as part of a strategy to limit China's influence in this area. Currently, the U.S. holds a reserve of approximately 200,000 Bitcoins valued at $20 billion.

Russian President Putin pointed out that the dollar is losing its power as a global reserve currency, while U.S. Federal Reserve Chairman Jerome Powell took a cautious approach by comparing Bitcoin to gold.

The expectation of MicroStrategy's inclusion in the Nasdaq-100 Index has raised the company's market value to $94 billion. This development has contributed to the increasing interest of institutional investors in the cryptocurrency market.

Since the beginning of the year, Bitcoin has recorded a 192% increase in value, and it has risen by 50% since Trump's election victory. The total value of the cryptocurrency market has reached $3.8 trillion. Trump's promise to make the U.S. the "world crypto capital" during his election campaign was positively received in the markets.

Pepperstone analyst Chris Weston noted that the likelihood of the strategic reserve plan being realized in the short term is low, but expectations in this direction continue to support the markets.