On March 3, 2025, the cryptocurrency market experienced severe fluctuations due to former U.S. President Trump's announcement of the "Cryptocurrency Strategic Reserve" plan. The main developments are as follows:

1. Core Policy Content

Trump announced on the Truth Social platform that the United States will establish a national-level cryptocurrency reserve, incorporating Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA) as core assets. The plan aims to enhance the U.S. position in the global crypto market and aligns with his campaign promise to "build a cryptocurrency capital."

2. Market Reactions

Price Surge: Bitcoin skyrocketed to a peak of $89,309 within 24 hours (up 10%), Ethereum rose 14%, ADA surged 75% due to its inclusion in the reserve, and XRP and SOL both increased by over 30%.

Liquidation Wave: The extreme volatility led to over 170,000 liquidations across the network, amounting to hundreds of millions of dollars.

Technical Signals: Bitcoin broke through a descending wedge pattern, but the RSI indicates overbought conditions. Analysts suggest watching the $90,000 support level.

3. Follow-Up Points

Policy Implementation Details: The White House will hold a cryptocurrency summit on March 7, which may announce the regulatory framework.

Market Risks: Under high volatility, one should be cautious of policy reversals, technical risks (such as cyber attacks), and Meme coin speculation bubbles.

Derivatives Trends: A large number of options are betting on Bitcoin surpassing $100,000 by the end of the year, especially if the Federal Reserve cuts interest rates, which could further drive up prices.

It is recommended to focus on the impact of the above policies and technical signals while managing position risk when participating in discussions on Binance Square. #美国加密战略储备