Bitcoin bounce during weekend, but what will stock markets do on Monday?
Last Updated on 2 March 2025 by CryptoTips.eu
Bitcoin managed to avoid the fall to $70,000 (this was the level at which Whales were expected to re-enter and swoop in) thanks to a bounce on Saturday, but investors are fearful of the market reaction on Monday after analysts labeled the Trump-Zelensky row as possibly catastrophic for stock markets.
Meanwhile, crypto billionaire Justin Sun avoided a complaint by the US stock exchange watchdog SEC only a few months after he invested heavily in Trump’s crypto project
Strategic Bitcoin Reserve
Crypto investors lost hope last week that President Donald Trump would quickly create a strategic Bitcoin reserve and sent the largest cryptocurrency sharply lower. The weekday low was $78,000. This was followed by a bounce on Friday that was maintained on Saturday as well.
At the time of writing Bitcoin is trading for $85,900.
However, due to the squabble between Trump and Zelensky in the White House on Friday, it is now mainly a matter of what the stock markets (which help determine the direction of crypto since the introduction of the Bitcoin ETFs) will do on Monday.
Now that Donald Trump has withdrawn from the war between Russia and Ukraine by fully supporting the Russian government, European investors should probably rebalance their stock portfolios.
What will this mean for crypto?
Investment
In early December 2024, I predicted that Justin Sun might benefit from Donald Trump’s presidency thanks to his investment in World Liberty Financial, the Trump family’s crypto platform. Sun invested $30 million in the project, becoming the largest investor overnight.
Three months later we see that the Chinese billionaire has avoided a complaint from the American stock exchange watchdog SEC against his various crypto companies.
CNN, which stated that Sun has by now already given $75 million to various Trump crypto projects, apparently found this striking enough to also make the link.
