Sharp Rise in Cryptocurrencies Following Trump’s Statement: What’s Happening in the Market?

Today, March 2, 2025, the cryptocurrency market experienced a significant surge after U.S. President Donald Trump announced the creation of a strategic cryptocurrency reserve. In his statement, Trump revealed that Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) would be included in this reserve.

Market Reaction and Ston.fi Exchange Activity

Following this announcement, the prices of these cryptocurrencies rose sharply:

• Bitcoin (BTC): increased by 8%, reaching $90,828.

• Ethereum (ETH): rose by 8.3%, to $2,409.

• XRP: surged by 37.7%, to $2.96.

• Solana (SOL): increased by 23.2%, to $172.04.

• Cardano (ADA): jumped by 70.3%, to $1.08.

One of the first platforms to record increased trading activity was the Ston.fi decentralized exchange, which specializes in token trading on the TON network. Within the first few hours after Trump’s statement, trading volumes on the platform surged by over 40%, while user activity more than doubled compared to daily averages.

What Does Trump’s Announcement Mean?

President Trump emphasized his goal of making the U.S. the world’s crypto capital and stated that his January executive order on digital assets included plans for this strategic reserve. It is expected that the composition of the reserve could change depending on market conditions and that its structure will be regulated by a Cryptocurrency Working Committee under the White House.

What’s Next?

This news has generated significant interest among investors and the crypto community, leading to a sharp price surge for the mentioned cryptocurrencies. However, uncertainty remains regarding how exactly the new reserve will be organized and managed, and whether it will require legislative changes or rely on existing financial mechanisms, such as the U.S. Treasury Exchange Stabilization Fund.

Further details are expected to be revealed at the first White House Crypto Summit, scheduled for Friday.