#Major cryptocurrency and trump related announcement
President Trump is set to hold a press conference at the Oval Office tomorrow, where he's expected to announce a significant trade deal with a major country, potentially the United Kingdom. This announcement may have substantial implications for the cryptocurrency market.
Key Points:
- U.S. Strategic Bitcoin Reserve:
Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve, utilizing over 200,000 BTC seized from civil and criminal cases.
- Trump Family Stablecoin:
The Trump family launched a USD-backed stablecoin called USD1 through World Liberty Financial, part of a $2 billion investment plan into Binance.
- Market Implications:
A pro-crypto trade deal or enhanced U.S.-UK digital asset cooperation could drive Bitcoin past $100,000, while uncertainty might bring short-term volatility.
Potential Outcomes:
- Increased Investor Optimism:
A favorable announcement could boost institutional and retail investor confidence, potentially surging Bitcoin's price.
- Regulatory Uncertainty:
Geopolitical or regulatory ambiguity might lead to short-term market fluctuations.
Current Market Status:
- Bitcoin Price:
Trading around
$102,850,
near all-time highs.
- Other Cryptocurrencies:
BNB at $636.45 (+3.32%)
SOL at $171.83 (+8.27%)