We take the latest news on the crypto grapevine and formulate our analysis of that’s happening with Bitcoin’s latest price action. (Image courtesy of Sumetee Theesungnern on Vecteezy)
Cryptocurrency casinos have been focusing on the latest news coming out of the USA as the President Trump announces plans for the country’s strategic crypto reserves.
The president-elect has confirmed cryptocurrencies the country will use as reserve currency are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).
It just so happens these four cryptocurrencies are also popularly available in cryptocurrency casinos across the globe, especially Bitcoin and Ethereum.
Trump’s recent announcement is a follow-up to his presidential campaign’s promise to make America the central hub for cryptocurrencies.
He began by making good on that promise when he relinquished the SEC’s investigation into Coinbase, which has lasted several years. Why does this matter for online casino players?
Top casinos such as BC.Game and Jet Casino accept Coinbase as payment method. The wallet is also available as a custodial and non-custodial wallet option, which we recently covered in our crypto wallet guide.
Another move that showed Trump’s commitment to turning the tables on Bodden’s anti-crypto stance was to pardon Ross Ulbricht, who was the founder of Silk Road.
What Has Happened to The Latest Bitcoin Prices
Since the end of February 2025, Bitcoin has pulled back after it broke through its 2024 $70,000 resistance. The breakout that sparked all-time highs in the crypto market came back in October 2024 and saw Bitcoin reach new highs just tipping over $106,000.
However, after so many anticipated the bull run to continue to the $150,000 mark and eventually reaching $200,000 by the end of 2025, the last week or so has seen Bitcoin and other cryptos fall into a price reversal.
The Weekend Trump Bump
Crypto went back up to $94,598 over the weekend, recovering from a new low of $85,199 before Trump announced that the US will have a strategy in place to use crypto as a reserve currency. It was welcome news for Bitcoin investors and the crypto market as a whole.
Despite the ‘Trump Bump’, Bitcoin has corrected once again, quickly reversing to new lows in its recent cycle of $82,000 today. Many had raised hoped that crypto was following its 2017 and 2021 bull runs where we saw 30% price swings due to price corrections.
What Has Caused The Latest Spikes in Bitcoin Prices?
Several factors have influenced the rise in Bitcoin since October’s price resistance breakthrough. Of course, the key factor pushing Bitcoin through its long-held 2024 $70,000 resistance level.
- Trump becoming the president was one of the key catalysts to Bitcoin’s upswing, bringing the crypto up to $106,000. As Trump’s election campaign included making the US a more crypto-friendly country, when he was confirmed as the winner of the US elections, investors poured money into crypto. His forward-thinking and pro-crypto stance means Bitcoin’s future is looking far more stable – at least for the next 4 years while Trump holds onto the reins.
- Leaders are trashing Trump’s crypto reserve plans, which doesn’t bode well for getting his new policy up and running any time soon. With so many speaking out against his strategy (not his plans to use crypto reserves), some feel the negativity has caused Bitcoin’s post-weekend slump.
- ETFs approved by the USA’s SEC have also seen institutional investment in Bitcoin increasing demand. However, in reverse, with ETFs now readily available, there have also been large sell offs as investors cash in on their profits, thus putting additional downward pressure on Bitcoin.
Other influencing factors that are slowly gripping Bitcoin and the crypto market as a whole are increased mass adoption of blockchain technology on a global scale. On top of this, we are in a post-halving period, which has traditionally had an influence on Bitcoin’s past price surges.
What Does The Future Hold For Bitcoin
Although the most recent price drop is worrying for some crypto holders, there is light at the end of the tunnel according to bullish crypto analysts. Yet, it would mean weathering the storm as we are expecting further price corrections possibly all the way down to Bitcoin’s support level, which many place at $70,000.
Is $70,000 a worrying signal for Bitcoin? Not according to the more bullish analysts. On Yahoo Finance Josh Lipton and Jared Blikreb predict a $70,000 price correction, but also commented that if Bitcoin does hit what is now dubbed as its new resistance level, it is a good time to value buy Bitcoin while the price is low.
As mentioned earlier in this news piece, we have seen highly volatile price corrections in previous Bitcoin bullruns. Some of those wings were as much as 30%, and if we see the crypto reach the $70,000 resistance market down from its $106,000 high, the price correction would be roughly 30%. Many believe this will reignite investment, probably from the US government as they will likely be advised to buy low – we could see huge institutional reinvestment after selling high and then coming back in to buy low.
The bullish expectation of this scenario is that Bitcoin will then start to make its way to the $200,000 mark by the end of the year. Although we can’t predict the future of Bitcoin or any cryptocurrency, from our experience and past market trends, we are leaning more towards the bullish side of the table. It certainly feels believable that $200,000 is achievable as after years of playing at crypto casinos, we’ve held crypto all this time, and the crypto we do have is worth far more than we invested all those years ago.
Disclaimer: Just to warn you, we may be leaning towards a bullish price resurgence for Bitcoin and the crypto market as a whole, but we are only making a prediction. If you invest in crypto, you need to look at opinions from expert crypto investors, both from the points of view of bulls and bears to get the full picture.
Leave A Comment