March 3, 2025
The cryptocurrency market is soaring: Trump's cryptocurrency reserve in the U.S. shakes the industry
The cryptocurrency market is experiencing a significant rebound, with a total market capitalization reaching $3.03 trillion, an increase of 6.55% in just 24 hours.
Trading volume has skyrocketed by nearly 200% to $206.86 billion, with DeFi transactions worth $12.6 billion and stablecoins leading with a volume of $188.67 billion.
Why are cryptocurrencies up today?
One of the major catalysts behind this increase is former U.S. President Donald Trump's announcement of a cryptocurrency reserve in the U.S. This initiative prioritizes Solana (SOL), XRP, and Cardano (ADA), and also includes Bitcoin (BTC) and Ethereum (ETH) later on. As a result, key cryptocurrencies experienced massive gains:
- Cardano (ADA) surged 60%, leading today's rally.
- XRP rose 20% with the news.
- Solana (SOL) rose 12%, reflecting growing investor confidence.
To heighten the excitement, a mysterious trader placed a leveraged position of $200 million just before it was confirmed that BTC and ETH were part of Trump's plan. This has sparked speculation about possible insider trading, leaving many investors watching closely.
Trump's cryptocurrency reserve in the U.S.: a game changer?
Trump's initiative marks a possible turning point for cryptocurrencies, in line with his executive order of January 23. He claims the measure aims to consolidate the U.S. leadership in digital assets while opposing the current administration's repressive regulatory measures.
Many analysts see this as a key step towards widespread cryptocurrency adoption, regulatory clarity, and increased institutional investment.
Bitcoin approaches $100,000: will it reach a new high?
Bitcoin has surged 7.82% in the last 24 hours, trading at $92,711.05, with a market capitalization of $1.83 trillion (+7.88%). Trading volume has increased by 223.61%, reaching $73.46 billion.
Key factors driving the increase in Bitcoin:
Trump's cryptocurrency reserve announcement in the U.S.: a major confidence boost for BTC adoption.
Whale and institutional buying: large investors are accumulating, driving prices up.
FOMO and momentum: as BTC approaches all-time highs, retail investors are joining in.
Ethereum (ETH) aims for a $7,000 breakout
Ethereum has recovered 5% in the last 24 hours, showing strong bullish signals. Analysts predict that ETH could reach $7,000 soon if key resistance levels are broken:
$3,000 – First major hurdle.
$3,600 – Key breakout point.
Above $3,600? – Could trigger a large-scale rally.
Currently, ETH is trading at $2,354.20, with strong bullish momentum fueling bullish expectations.
Cardano (ADA) leads the charge with 60% gains
Cardano (ADA) is today's top-performing coin, with a surge of nearly 60% after Trump's announcement. The ADA community is excited, and its founder, Charles Hoskinson, hints at more exciting developments ahead. With renewed investor confidence, ADA is positioning itself as a key player in the upcoming bull run.
Cryptocurrency sentiment shifts as fear fades
The cryptocurrency fear and greed index has risen from 26 to 33, indicating an improvement in sentiment. Last week, the market was at a neutral level of 49, but optimism is returning as prices rise.
Has the bull market returned?
With Trump's cryptocurrency reserve plan for the U.S., growing investor confidence, and Bitcoin aiming for six figures, the market is heating up. ADA, XRP, and SOL are leading the charge, while ETH is preparing for a breakout. If regulatory support continues, this could mark the beginning of a historic cryptocurrency bull run.
