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The Binance Square Ramadan Competition has officially begun! 🎉
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From March 14 to 28, complete tasks and interact with the Binance 2025 Ramadan calendar for a chance to win.

$XRP Short-term XRPUSDT is constrained by moving average pressure and profit-taking selling, with further pullback risks. However, the lower MA60 and $2.13 form a double support. If it fails to break through the MA5 resistance with increased volume, the price may remain in a range oscillation ($2.35-$2.58). Investors are advised to pay attention to changes in trading volume and the situation of breaking key resistance levels, avoiding blind chasing of price increases and decreases.

The Trump administration announced the establishment of a Bitcoin strategic reserve, but clearly stated that it would not acquire assets through fiscal spending, only using approximately 200,000 Bitcoins obtained from confiscation as reserve capital. This policy differed from the market's previous expectation of 'actively purchasing to supplement reserves,' leading to a more than 5% intraday plunge in Bitcoin prices, briefly falling below the $85,000 mark. In the short term, the policy's implementation falling short of expectations triggered investor sell-offs, dampening market sentiment. The long and short squeeze led to over 150,000 people being liquidated within 24 hours, with an amount reaching $525 million. In the long term, this reserve plan still provides institutional support for Bitcoin, and the government's clear 'no sale' strategy helps stabilize market confidence. However, global economic stagflation risks, trade frictions, and regulatory uncertainties may still suppress price rebounds. Future trends will depend on the interplay of policy execution details and the macroeconomic environment.

On March 2, 2025, Trump announced via social media that the United States would establish a strategic reserve for cryptocurrencies centered around Bitcoin (BTC) and Ethereum (ETH), incorporating Ripple (XRP), Solana (SOL), and Cardano (ADA). This decision aims to propel the U.S. to become the 'global cryptocurrency capital' and to reverse the suppression policies against the industry during the Biden administration.

Following the announcement, the cryptocurrency market experienced significant volatility. Bitcoin's price briefly surpassed $95,000, Ethereum rose by 13%, and other cryptocurrencies surged by as much as 72% (ADA), with the total market capitalization increasing by over $300 billion in a single day. However, the rally was short-lived, as some cryptocurrencies retraced most of their gains the next day, indicating that market sentiment remains influenced by macro policies (such as increased tariffs in the U.S.) and the high volatility of cryptocurrencies.

In terms of policy background, Trump has promised to establish a cryptocurrency reserve since his campaign and signed an executive order in January authorizing a working group to assess feasibility. His family has vested interests in the cryptocurrency industry, such as launching personal meme coins and supporting related projects, raising questions about 'political leverage.' Additionally, the SEC has withdrawn lawsuits against companies like Coinbase, further signaling a friendly stance.

The focus of contention is on the feasibility of implementing the policy. Analysts point out concerns regarding the sources of reserve funding, legislative procedures, and the rationale for asset selection, noting that some cryptocurrencies are more aligned with technology investments rather than strategic assets. The White House plans to hold the first cryptocurrency summit on March 7, where Trump will announce more details, but the long-term effects will still depend on the improvement of the regulatory framework and global coordination.

Overall, Trump's cryptocurrency reserve plan has boosted market confidence in the short term, but long-term success requires overcoming policy reversals, regulatory gaps, and the risk of market bubbles. This initiative not only reshapes the U.S. financial strategy but may also trigger a restructuring of the global cryptocurrency landscape.

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