2. Market reaction and supporting factors

Despite initial pressure, the crypto market quickly showed signs of recovery in the Asian trading session on April 3, 2025.
Bitcoin has bounced off a key technical support level (200-day MA, around $82,000), indicating bottom-fishing buying from long-term investors. This is partly driven by the following factors:

- Trump's crypto-friendly policies: Trump previously signed an executive order to establish a Strategic Bitcoin Reserve in March 2025, which will include BTC, ETH, XRP, SOL, and ADA. Although the fund will mainly use confiscated assets (around 200,000 BTC), the move still reinforces the belief that the US is moving towards integrating crypto into the financial system. Many investors expect further policies to create more buying pressure, especially if Trump promotes buying BTC from the open market.

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