MOVE, an altcoin, experienced a rebound in price after Donald Trump's World Liberty Financial invested in the cryptocurrency. The investment has sparked speculation that MOVE could be included in the US government's strategic cryptocurrency reserve. The altcoin's market cap rose to over $1.15 billion, and its daily trading volume nearly tripled. The gains were likely triggered by Trump's purchase of $1.5 million worth of MOVE tokens from a multi-signature wallet. The White House Crypto Summit, set for March 7, has further fueled speculation about the inclusion of MOVE in government-backed initiatives. Technical indicators also suggest a possible trend reversal for the altcoin. Traders are targeting resistance levels at $0.55 and $0.68.



Other News from Today