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Bitcoin Rises by a Fifth After Trump Posting
Cryptocurrencies & blockchain
Politics
Finance
The US President wants to include cryptocurrencies in a new strategic reserve. A crypto summit is scheduled at the White House for Friday.
2025-03-03 23:55:08
Trump's Strategic Crypto Reserve Sparks Market Rally
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The announcement of a U.S. strategic crypto reserve by President Trump has ignited excitement in the cryptocurrency market. This reserve is expected to include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano.
Initial market reactions showed significant price increases, with Bitcoin experiencing a surge of up to 20%. However, analysts caution that these gains may lead to volatility as profit-taking occurs.
The news also coincides with the formation of a bipartisan Congressional Crypto Caucus aimed at fostering crypto-friendly policies. Despite this momentum, industry executives emphasize that the reserve cannot replace the need for clearer regulations from the SEC.
Additionally, the rising interest in Cardano's futures suggests a growing confidence in its potential, though it still faces challenges compared to Ethereum. Overall, Trump's plan represents a pivotal moment for cryptocurrencies, potentially influencing market dynamics and regulatory discussions in the future.
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Crypto.news
Trump announces a US crypto reserve featuring SOL, XRP, and ADA, market bounces back
Finance
Economy
Politics
Technology
Trump's US crypto reserve plan boosts SOL, XRP, ADA, BTC, ETH prices 20-50%. Remittix, a new PayFi project, gains attention for cross-border payments and $190 trillion remittance market. Potential reserve inclusion seen as regulatory milestone for Solana, regulatory relief for XRP's SEC case. Analysts forecast Cardano price to reach $1.50-$2.00, Solana sees trading volume and market cap surge, hinting at institutional interest.
Crypto.news
Bipartisan Congressional Crypto Caucus launches to push crypto laws
Politics
Cryptocurrencies & blockchain
Technology
Economy
Bipartisan Congressional Crypto Caucus formed to advance crypto-friendly policies, including bills on stablecoins and market structure; Senate Banking Committee aims to pass these bills by April; White House to host Crypto Summit, and President Trump directed Presidential Working Group to move forward on a Crypto Strategic Reserve that includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL).
Cointelegraph.com News
US crypto reserve no substitute for SEC clarity — Industry exec
Cryptocurrencies & blockchain
Politics
Finance
Economy
Trump plans US crypto reserve with BTC, ETH, XRP, SOL, ADA since mid-2024. Announcement caused temporary price spikes. Industry exec says reserve good but no substitute for SEC clarity under new leadership, which may provide clearer regulations. SEC recently said memecoins likely not securities. Trump has accumulated various altcoins; reserve exposes centralization risks. Crypto educator criticizes centralized crypto reserve.
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