Trump’s Crypto Revolution: Can Bitcoin Hit $90K Next?
Bitcoin (BTC) briefly surged to $86,000 before pulling back to $84,000, following President Donald Trump’s historic speech at the Blockworks Digital Asset Summit. In a first for a U.S. president, Trump outlined his administration’s pro-crypto stance, confirming plans for a U.S. Strategic Bitcoin Reserve and an end to Operation Chokepoint 2.0—a regulatory crackdown on crypto banking.
Trump also called on Congress to pass stablecoin legislation, ensuring a clear regulatory framework for digital assets. His administration’s shift toward institutional crypto adoption could drive long-term demand for Bitcoin, reinforcing its role as a strategic financial asset.
Crypto Institutions Rally as U.S. Shifts Regulatory Stance
Trump’s remarks signal a regulatory shift, replacing enforcement-heavy measures with innovation-driven policies. His speech emphasized the importance of institutional engagement in Bitcoin and stablecoins, framing the crypto industry as essential to economic growth.
Key takeaways from Trump’s speech:
- Bitcoin Strategic Reserve: The U.S. government plans to accumulate and retain BTC, preventing premature liquidations.
- Regulatory Shift: Trump’s administration ended aggressive crackdowns, favoring a pro-business approach to digital assets.
- Stablecoin Legislation: Clear market structure laws would enable broader institutional crypto adoption.
- U.S. Crypto Dominance: Trump urged America to become the global hub for digital finance.
His closing statement was direct: “Make America the Bitcoin superpower and the crypto capital of the world.”
Bitcoin Price Outlook: Can BTC Break Above $87K?
Bitcoin remains bullish, currently trading at $84,300, down 1.4% in 24 hours, with a market cap of $1.67 trillion. Despite a pullback, BTC is supported by an upward trendline above $84,000, indicating continued buying interest.
- Immediate Resistance: $87,400 – A breakout here could fuel BTC’s rise toward $89,900 and $92,700.
- Strong Support: $84,000 – If BTC holds above this level, the uptrend remains intact.
- Downside Risk: A break below $83,700 could expose BTC to $79,900.
If BTC clears $87,400, traders may see a move toward $90,000, driven by regulatory momentum and institutional demand.
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