The cryptocurrency market experienced a significant shift after U.S. President Donald Trump’s World Liberty Financial made a substantial investment in the MOVE altcoin, sparking speculation about its potential inclusion in the government’s strategic cryptocurrency reserve.

MOVE Price Rebound

Following a recent drop, MOVE rebounded from an all-time low of $0.391121 on March 4, 2025, to an intraday high of $0.505 on March 6, posting double-digit gains of roughly 29.1%. As of the last check during the Asian afternoon session, its gains stood at over 33% from its local low on Tuesday.

The altcoin’s market cap was seated at over $1.15 billion, while its daily trading almost tripled, hovering over $258 million. Today’s gains were triggered after President Trump linked crypto project ‘World Liberty Financial’ purchased $1.5 million worth of MOVE tokens, among other altcoins, from a newly created multi-signature wallet.

Speculation and Upcoming White House Crypto Summit

With the White House Crypto Summit just a day away, MOVE has sparked speculation in the crypto community that it could be part of the crypto strategic reserve plans that President Trump recently revealed to position the U.S. as the “Crypto Capital of the World.” The summit, set for Friday, March 7, will be chaired by venture capitalist David Sacks and Congressman Bo Hines, bringing together crypto founders, CEOs, investors, and policymakers to discuss the future of digital assets in the U.S.

Key Takeaways:

  • MOVE price jumps 29.1% after President Trump’s World Liberty Financial invests in the altcoin.
  • The altcoin’s market cap and daily trading volume have increased significantly.
  • Speculation surrounds MOVE‘s potential inclusion in the government’s strategic cryptocurrency reserve.
  • The White House Crypto Summit is set to discuss the future of digital assets in the U.S.

Market Analysis and Trends

Demand from derivatives traders has surged recently, with open interest in the altcoin futures market jumping over 50% over the past day to $91 million at the time of writing. Meanwhile, Santiment data shows a 146% increase in daily active addresses, which is often seen during times of increased trading activity among holders.

MOVE was trending on social media platforms despite its negative social sentiment, indicating that the price gains followed recent events.

Technical Indicators and Price Analysis

Technical indicators show that the altcoin is recovering from its bearish momentum, which has prevailed since early January of this year. On the 4-hour/USDT price chart, MOVE has once again broken above the descending trendline that had been forming with lower highs and lower lows since Jan. 6, which traders view as a precursor for a trend reversal.

MOVE was trading close to the upper Bollinger Band, suggesting strong buying pressure, with new money flowing into its market. The MACD lines have also pointed upwards, with the MACD line crossing above the signal line while remaining above the price line, confirming a possible trend reversal—especially as the altcoin’s trading volume has spiked over the past day.

Investors have been accumulating MOVE, with net outflows from exchanges totaling nearly $11.5 million over the past 12 days, showing that its investors believe in more potential future gains ahead.

Tips for Investors:

  • Keep an eye on the White House Crypto Summit and its potential impact on the crypto market.
  • Monitor MOVE‘s price movements and technical indicators for potential trend reversals.
  • Consider the altcoin’s potential inclusion in the government’s strategic cryptocurrency reserve.

For more news on the crypto market, visit Global Crypto News and stay updated on the latest developments and trends in the world of cryptocurrencies and digital assets.

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