On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic crypto reserve, including major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This announcement initially led to significant price surges: Bitcoin surpassed $91,000, peaking at $95,136, while Ethereum exceeded $2,300.
However, the inclusion of smaller and relatively risky tokens in the reserve has sparked criticism among Bitcoin advocates. They argue that the reserve should focus solely on Bitcoin to strengthen its position as a store of value and digital gold. This sentiment contributed to a reversal of the initial gains, with Bitcoin's price dropping below $85,000 as optimism waned.
As of today, both Bitcoin and Ethereum have experienced increased volatility, reflecting the market's reaction to the announcement and subsequent debates. Investors are advised to monitor these developments closely, considering the potential long-term implications of the U.S. government's involvement in cryptocurrency markets.