As the new week begins, the cryptocurrency market has witnessed positive signals from Bitcoin (the world’s largest cryptocurrency) and Trump meme coins. These developments suggest a promising start to the week, suggesting potential bullish momentum across the broader market.
BTC price today
Today, BTC opens at $87,000, showing a slight uptrend between $83,000 and $84,000 after several days of price fluctuation. Previously, Bitcoin was traded in a narrow range from March 20 to March 23, with a high of $84,500 and a low of $83,500.
Source: Coingecko
On Sunday, Bitcoin derivatives market data showed that open interest (OI) fell 1.77% to $51.9 billion. This rate represents the total number of outstanding derivative contracts that have not yet been resolved. The $51.9 billion figure shows that traders are positioning potential price volatility. So on Monday, the signs of Bitcoin were $56.68 billion, showing the same pattern as investors expected.
The length/short ratio of major exchanges such as Binance and OKX reflects a slightly bullish sentiment. according to Glass nodewhales have accumulated another 45,000 BTC in the past week, bringing their total holdings to the highest level in six months. Despite the low volatility, this accumulation has occurred, suggesting that major investors are preparing for potential price increases.
Source: Xiaodian
Reports of major players such as Strategy, Metaplanet and El Salvador purchased large quantities of Bitcoin on Monday, March 24 paved the way for BTC to rise sharply to $87,000. The surge reflects a boost in investor confidence, reinforced by a series of unexpected distortions of the Trump administration and ambiguous tariff policies.
This incident is consistent with speculation that the IMF may include Bitcoin in its reserves. However, concerns about the economic impact of market corrections and overvaluation remain. Meanwhile, some political makers advocate for government bitcoin acquisitions, suggesting potential regulatory shifts to change political sentiment in the United States.
Learn more: Polymarket: By April, most users bet on Bitcoin drops to $75k
BTC’s powerful key players buying wave
El Salvador, the first country to legalize Bitcoin as an official currency, added 8 BTC to increase its total holdings to 6,124.18 BTC. Despite the relatively small number, the move is symbolically important, demonstrating the government’s commitment to Bitcoin accumulation despite market volatility. This has strengthened investors’ confidence in Bitcoin adoption nationwide.
MicroStrategy is the world’s largest company Bitcoin holder led by Michael Saylor Tip to buy BTC further. Currently, MicroStrategy holds 499,226 BTC, equivalent to US$42.7 billion, accounting for about 2.5% of the total Bitcoin supply. With its significant impact, every new Bitcoin at MicroStrategy has a FOMO effect in the market, encouraging institutions and retail investors to accumulate more BTC, thereby increasing buying pressure.
Source: Strategy
Other funds, such as Metaplanet, a publicly traded company on the Tokyo Stock Exchange, are often referred to as the “microscopic of Asia” Buyed another 150 BTCincreasing its total Bitcoin reserves to 3,350 BTC, worth $428.8 million. The move came after news that Eric Trump, who appointed Donald Trump, was appointed to the Strategic Advisory Board.
$Trump increased 10% today
Another interesting highlight of the day was about Memecoin $ Trump. At noon on March 23, former US President Donald Trump officially recognized Trump’s meme coins, shocking the cryptocurrency market. Trump describes the symbolic nature of his name as “very cool” and even calls it “the greatest of all.”
Trump’s price rose 10% after his statement, jumping from about $10.9 to $12. As a result, the market value of the meme increased by $100 million. Despite short-term rally, Trump is still 85% lower at his all-time high and has been prolonging the downward trend since its launch.
Source: Coingecko
$Trump is a meme coin associated with U.S. President Donald Trump, which was launched on the Solana blockchain on January 17, 2025 a few days before his inauguration. The token logo reinforces this message further – it is characterized by a cartoon image of Trump raising his fist, inspired by the July 2024 assassination attempt.
The campaign has since become a symbol of loyalty, and the project strategically utilizes this narrative to attract buyers. By leveraging the emotional and political significance of the incident, Trump Memecoin leverages his strong supporter base of the same name to turn emotions into market momentum.
