this post was submitted on 03 Mar 2025
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Bitcoin jumps 20% after Trump hints at new strategic reserve (www.reuters.com)
submitted 5 days ago by CityPop to c/world@quokk.au
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SINGAPORE, March 3 (Reuters) - Bitcoin surged more than 20% from last week's lows on Monday and several other cryptocurrencies also rallied sharply after U.S. President Donald Trump raised the possibility of a new U.S. strategic reserve that would include a range of tokens.

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[–] Darkard@lemmy.world 29 points 5 days ago (1 children)

Another crypto pump and dump. I wonder how many billions the techbros will gain from this blatant manipulation this time.

[–] Tikiporch@lemmy.world 4 points 5 days ago

Bingo. It fell pretty drastically last week, now it's back up... YTD it's about even on price with a bunch of sharp dips here and there.

[–] TacoButtPlug@sh.itjust.works 1 points 3 days ago

So are these basically just the ultra rich robbing from the lesser ultra rich at this point? Cause what working class fucker has bitcoin?

[–] Perhapsjustsniffit@lemmy.ca 12 points 5 days ago

"Me and my buddies making money again"

Trump....probably

[–] HubertManne@moist.catsweat.com 2 points 5 days ago

oooh range of tokens. getting closer to having trumpcoin in the mix. Now I get all the 5d chess because taking bribes is one thing but then inflating the value of the bribes. that is some genius 5d shit.

[–] SpikesOtherDog@ani.social 2 points 5 days ago

PUMP PUMP PUMP IT UP. Where it stops, it's not for you to know!