The latest status of popular assets: How did the crypto summit affect the market?

Crypto News – Before evaluating Bitcoin and general market price movements, we need to take a look at the latest crypto news. It was announced that President Donald Trump has officially signed an executive order to create a strategic Bitcoin reserve a few hours ago. The White House is already referring to Bitcoin as digital gold. This is seen as a bullish signal for Bitcoin's long-term performance. However, some details in the announcement are noteworthy.

Strategic Bitcoin Reserve will be capitalized with the Bitcoin owned by the Treasury Department. So, in the first stage, they will convert their existing Bitcoin assets into this strategic Bitcoin reserve. In the next stage, they will consider accumulating more Bitcoin by not selling any Bitcoin at all. They will explore ways to acquire additional Bitcoin for American taxpayers at no cost. There are several views on how they will implement this strategy.

The US Government can buy Bitcoin by selling some of its gold reserves to remain budget neutral or can transfer the profits they have obtained from the Federal Reserve to Bitcoin. However, these are just market speculations, and the accuracy of this information is not fully confirmed at the moment. Another important development today is the crypto summit to be held at the White House. There are quite optimistic names in this list for the crypto market. Today's price movements will be closely related to this summit. Now, let's evaluate the price movements in the crypto market.

Pay Attention to Critical Resistances in Bitcoin!

When we take a brief look at the Bitcoin charts, we see that the Super Trend indicator is still positioned in the green zone. However, as mentioned earlier, it is approaching the red zone. In the weekly Bitcoin MACD indicator, there is a significant bearish outlook. Whenever we encounter this outlook, a major bearish transition occurs. The weekly Bitcoin RSI indicator suggests that we should not expect a lot of upward momentum. However, we may encounter short-term upward movements.

Bitcoin price is trying to hold onto the $82,500 Fibonacci support area at the time of writing. If we see a confirmed close below $82,000 in the leading asset, we may experience a rapid drop to $70,000. On the upside, there is a strong resistance around $95,000. At the same time, there is a liquidity formation in the upward direction. Prices tend to move towards liquidity gaps in general. Therefore, the liquidity chart is an important indicator to watch. However, we cannot ignore the resistance zones. Frankly, it looks like the Bitcoin price will struggle around the resistance.

Gold Support Confirmed on Ethereum Chart!

Looking at the weekly time frames of the Ethereum chart, we are still moving within a downward trend. The Ethereum price is entering a horizontal support area sitting between 2,150 dollars and 2,200 dollars. This range is considered a strong support zone. Therefore, we need to pay attention to the 2,150 dollars level at least for now. However, if we confirm a breakthrough below this level, we may see around 1,880 dollars. In case of an upward trend, we can expect resistance around 2,800 dollars. Finally, remember that Ethereum is likely to make a move similar to Bitcoin. The overall crypto market often follows the movement of Bitcoin. Therefore, closely monitor the upcoming White House crypto summit and the Bitcoin price movement.

A new presale project, along with leading market assets, is attracting attention. BTC Bull Token has attracted the attention of crypto enthusiasts with its approximately $3.5 million fund raised during the presale and future plans. Now, let's take a closer look at the details of the BTC Bull Token project.

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BTC Bull Token Pre-Sale Achieved a New Milestone!

BTC Bull Token is a meme coin project created to support Bitcoin's legendary rise. BTC Bull is steadily progressing towards becoming the best asset in the world. BTC Bull aims to play a key role in Bitcoin's next peak. The project is among the top presales of 2025.

Investors participating in the BTC Bull Token presale are also rewarded with free BTC airdrops. You will be rewarded based on the amount of BTC Bull tokens you purchase. BTC Bull Token is also built on Ethereum and secured by smart contracts. 10% of the total token supply is allocated for staking rewards.

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Participants in the presale are eligible for high staking rewards. Since the annual staking rates are dynamic, you can follow the latest data on the official website. Unlike other presale projects, there is a burning mechanism in the Bitcoin Bull Token airdrop. It is planned to remove a certain amount of BTC Bull Tokens from circulation every time Bitcoin increases by 25,000 dollars.

1 BTC Bull is being sold at a price of 0,002405 dollars at the time of writing. If you want to be part of this advantageous project, you can follow the purchase steps. If you want to have more detailed information about the presale, you can take a look at our content "What is Bitcoin Bull token and how to buy it? BTCBULL token price prediction and future".

The information in the text is purely for informational purposes. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many fundamentals such as knowledge, experience, research, and personal decisions.

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