Breaking news: The first step has been taken for Trump's strategic reserve plan for Bitcoin!

Crypto News – While Bitcoin bull market gains momentum, desired uptrend in altcoin assets is not happening. Bitcoin price hit an all-time high of $108,200 on December 17th. However, other altcoins, led by Ethereum, are consolidating. Additionally, there was an important last-minute development on the US side. Now, let's look at the details of the statement made by the Bitcoin Policy Institute.

Trump's Strategic Reserve Plan Goes Into Effect!

The Bitcoin Policy Institute has prepared an executive order draft for the US Treasury Department to designate Bitcoin as a strategic reserve asset under the Stock Stability Fund. If the order of the non-profit organization, the Bitcoin Policy Institute, comes into effect, it will strengthen the US as a leader in digital assets. It will also promote capital inflows, encourage technological adoption, and solidify Bitcoin's presence as digital gold.

When Does Altseason Start?

According to data shared by popular analysts, things are not going well in the meme coin market, especially for Dogecoin. The recent Dogecoin chart shared by crypto analyst Ali Martinez confirms this negative sentiment. The analyst shared that market sentiment has turned negative for DOGE during the ongoing consolidation phase.

Ali Martinez also said he has a similar view on Cardano. During this period of speculation about Cardano's rise, he interpreted Cardano indicators and said that market sentiment is turning bearish.

In addition, there are analysts with high expectations for the altcoin market. Popular analyst Michael Van de Poppe said in his latest post on the X platform that altcoins will break out of the current cycle very quickly and strongly.

"This cycle will get much more savage than the current stage. We are still in a preparation period for altcoins."

The analyst also shared a few altcoins that he has high expectations for. OMNI and VET are among these assets. The cryptocurrency of the OMNI Network, OMNI, was listed as an Ethereum-based blockchain network in 2024. The analyst, who claims that the OMNI cryptocurrency is on the verge of a big move, shared a price target of $20. OMNI is currently trading at $11.75, and the level indicated by the analyst represents a 70% gain from the current price.

The analyst recently stated that there is a bullish sentiment for VET coin. He did not specify a clear price target, but mentioned that the upward trend has just begun.

The information in the article is purely for informational purposes. It does not constitute any investment advice. Writer and kriptoparahaber.com are not responsible for your profit or loss resulting from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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