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Blockchain & Cryptocurrency
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Trump's Strategic Crypto Reserve Boosts Market Confidence
2025-03-03 05:40:08

Trump's Strategic Crypto Reserve Boosts Market Confidence

Former President Trump's announcement of a strategic reserve featuring major cryptocurrencies has significantly influenced the market. This initiative aims to bolster institutional adoption and reinforce the United States' leadership in the crypto sphere.

Key cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano are included in this reserve, leading to a substantial market surge of $300 billion. Bitcoin experienced a notable jump, rising over 20%, while other altcoins also saw impressive gains.

Experts are divided on the inclusion of non-Bitcoin assets, with some advocating for a Bitcoin-only reserve. Trump's efforts are perceived as a move towards active government involvement in the digital asset economy, potentially paving the way for regulatory clarity.

As the crypto landscape evolves, this strategic reserve may act as a catalyst for broader institutional engagement. Additionally, Trump's venture into the metaverse and digital goods market signals an ambition to merge traditional and digital economies.

Overall, the announcement marks a pivotal moment in the ongoing integration of cryptocurrencies into mainstream finance.

Related news on that topic:

Trump's Bold Crypto Reserve Initiative

In a surprising shift, former President Donald Trump has declared Bitcoin and Ethereum central to a new U.S. Crypto Reserve. This initiative, announced alongside his $3.07 billion memecoin's 18.1% surge, positions cryptocurrencies like XRP, Solana, and Cardano at the forefront of U.S. digital asset policy. The reserve aims to bolster the crypto industry following regulatory challenges during President Biden’s tenure. Trump's executive order outlines plans to make the U.S. a global crypto capital by including XRP, Solana, and Cardano in the strategic reserve. His broader vision includes a national digital asset stockpile, utilizing assets seized through law enforcement actions. This plan follows Trump's historical criticism of cryptocurrencies, now replaced by a supportive stance that pushes for deregulation. The move has sparked significant market activity, with Bitcoin and Ethereum reaching over $91,000, contributing $260 billion in market cap. Industry leaders, including Michael Saylor, are set to discuss the reserve's next steps at an upcoming summit. As the political landscape shifts, Trump's initiative could redefine the U.S. role in the global crypto economy, despite skepticism and potential legislative hurdles.

Bitcoin's Potential Resurgence Amidst Market Shifts

Bitcoin is at a pivotal junction as it consolidates around $94,210, fostering optimism for a price resurgence. Recent statements from influential figures hint at a supportive regulatory environment, with President Trump's intentions to end the 'war on crypto' possibly invigorating market sentiment. Analysts note that the key threshold of $92,500 could signal a shift from bearish to bullish trends. Predictions range widely, with some experts suggesting Bitcoin could soar to $1 million and even $13 million per coin by 2024, driven by increased institutional adoption and a finite supply. The evolving landscape of cryptocurrency, including the potential for Bitcoin to surpass gold's market cap, reflects its emerging status as a significant financial asset. While current market conditions are uncertain, the underlying fundamentals indicate that Bitcoin's journey towards a brighter future may be just beginning.

Read 12 more recent news on this topic

The press radar on this topic:

The Street
10. März 2025 um 08:27

Trump eyes crypto exchange and metaverse expansion with new trademark filing

Technology
Cryptocurrencies & blockchain
Economy
Politics
DTTM Operations LLC, the entity managing Trump's trademarks, filed a trademark for a TRUMP-branded virtual world where users can buy digital fashion, dine virtually, and access education/training services in public service, business, fundraising, real estate, and hospitality. The most notable feature is a TRUMP-branded digital marketplace allowing users to buy and sell digital goods and cryptocurrencies, authenticated via NFTs and restricted to content "authorized by the 45th and 47th President..
Cointelegraph.com News
2. März 2025 um 23:17

XRP, ADA, SOL go parabolic after Trump US crypto reserve post: Will other altcoins follow?

Cryptocurrencies & blockchain
Finance
Bitcoin's relief rally could reach the 50-day SMA at $97,704, but it needs to hold above $90,000. Hedera needs to hold the 20-day EMA to signal a change in sentiment. Litecoin and Monero are in consolidation phases. Celestia has risen above moving averages, with $4.50 and $5.50 as key resistance levels.
Kinh doanh - VnExpress
3. März 2025 um 02:17

Bitcoin trở lại mốc 95.000 USD

Finance
Economy
Bitcoin surges past $95,000 after US President Trump announces plans for a National Digital Currency Reserve, including major cryptocurrencies. Experts believe this signals the US government's increased participation in the digital asset economy, which could accelerate institutional adoption and provide regulatory clarity. However, some question the inclusion of non-Bitcoin assets. Analyst Geoff Kendrick has set a $500,000 price target for Bitcoin, significantly higher than its previous record..
Business - South China Morning Post
3. März 2025 um 02:24

Bitcoin up by a fifth after Trump names cryptocurrencies in strategic reserve

Cryptocurrencies & blockchain
Politics
Finance
Bitcoin, ether, XRP, solana, and cardano rallied after Trump announced they would be included in a new US strategic reserve. Trump's January executive order will create this reserve, which features Bitcoin and ether at the core. The rally reversed disappointment over Trump not loosening crypto regulation since mid-January, with Bitcoin up 20% to US$94,154 from Friday's US$78,273 lows, XRP up 38%, solana up 20%, and cardano up 78%.
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