Today's growth of the cryptocurrency market is associated with several key factors:
1. Creation of a cryptocurrency reserve in the USA: President Donald Trump announced plans to form a strategic cryptocurrency reserve, including digital assets such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
He emphasized that BTC and ETH will be at the center of this reserve, which has strengthened investor confidence in cryptocurrencies.
2. Support for the crypto industry from the Trump administration: The President noted that the creation of a crypto reserve would lift the industry after previous years of pressure from the previous administration. Such support from the US government fosters confidence in the future of cryptocurrencies.
3. Increase in Bitcoin network activity: Recently, there has been an increase in the number of active addresses in the Bitcoin network, approaching a three-month high. This could indicate a potential price reversal for BTC after the recent correction.
These events collectively led to a significant influx of capital into the crypto market, which caused today's increase in the value of major digital assets.
