CoinEx Daily: Bitcoin Returns to $90,000; Trump Endorses SOL, XRP, ADA

Overview

Bitcoin surges back to $90,000; Trump announces plans to establish a crypto strategic reserve including XRP, SOL, and ADA.

Daily Macro

Bitcoin Market: Bitcoin experiences a strong rebound; altcoin market also sees a significant rally.

Bitcoin ETF: Net inflow of $94 million last Friday.

Ethereum ETF: Net outflow of $410 million last Friday.

Macroeconomic Data: A crucial macroeconomic week ahead, with key U.S. reports including February ISM Manufacturing PMI and unemployment rate data.

Daily Focus

US Crypto Token

Reasons to focus:Trump posted on social media:“After years of suppression by the Biden administration, the U.S. crypto reserve will elevate this critical industry. That’s why my Digital Assets Executive Order directs the Presidential Task Force to advance a strategic reserve including XRP, SOL, and ADA. I will ensure the U.S. becomes the global capital of cryptocurrency. We are making America great again!”

24H Performance of Related Tokens:

• SOL: +20%

• XRP: +25%

• ADA: +60%

Market Analysis: U.S.-backed crypto assets see a remarkable surge.

Next Focus

BTC/ETH

Reasons to focus: Trump also stated:“Clearly, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserve. I also like Bitcoin and Ethereum!”

Market Analysis: Following this announcement, Bitcoin and Ethereum saw a rapid price surge in a short period.