Daily Crypto Signals: Trump’s Strategic Reserve Propels Bitcoin to $93K, XRP and Altcoins Soar
Trump’s inclusion of Bitcoin, Ethereum, XRP, Solana, and Cardano in the US Strategic Crypto Reserve has catalyzed a remarkable market surge. Bitcoin jumped 10% while altcoins like XRP and ADA skyrocketed over 34% and 60% respectively, shifting Bitcoin dominance below 50%.
Crypto Market Developments
Following US President Donald Trump’s declaration that several significant cryptocurrencies would be included in a new US Strategic Crypto Reserve, the bitcoin market saw a remarkable weekend surge. Originally naming just XRP, Solana, and Cardano’s ADA in his Truth Social post, the President swiftly changed his remarks to make clear that Bitcoin and Ethereum will be “at the heart of the reserve.”
With his declaration, “A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump created notable positive momentum all over the crypto field. Market analysts say this might be a turning point for institutional adoption and US regulatory clarification.
The President is scheduled to host the first White House Crypto Summit on March 7, inviting industry leaders to discuss regulatory policies and stablecoin oversight, which will be chaired by David Sacks and administered by Bo Hines.
Bitcoin Soars to $93,000 After Trump’s Announcement
After Trump’s strategic reserve declaration, Bitcoin BTC/USD jumped to about $93,000 over the weekend, gaining around 10%. Representing a 17% rebound from recent lows, this amazing surge follows just days after BTC reached a multi-month trough close to $78,000.
Not seen since December 2024 when Bitcoin valued at $105,000, on-chain data shows Bitcoin active addresses recently achieved a three-month high of over 912,300. This increase in active addresses, according to crypto intelligence site IntoTheBlock, could indicate a “capitulation moment” for the market, therefore signifying a vital turning point before the next boom.
BlackRock has also included the 1-2% allocated iShares Bitcoin ETF Trust (IBIT) to its $150 billion model portfolio, therefore generating possibly fresh institutional demand for Bitcoin.
Ethereum Sees Over 10% Gain on Crypto Reserve Plans
After Trump’s speech, Ethereum ETH/USD surged by more than 11%, but with a notable 32% fall in February it still faces difficulties. With the Pectra update set for March 5, the network is at a significant turning point meant to lower consensus overhead, increase L2 scalability, and increase network capacity.
Significantly, the Ethereum Foundation revealed on March 1 a leadership shift, assigning co-directors of the company seasoned Ethereum engineer Hsiao-Wei Wang and Nethermind CEO Tomasz Stańczak. While Stańczak has expanded Nethermind into one of Ethereum’s biggest execution partners, Wang provides seven years of expertise as a core researcher at the Foundation.
The Ethereum ecosystem is facing criticism about its direction among competition from high-throughput chains and layer-2 solutions, therefore the leadership change coincides at a difficult period.
Solana Up By Nearly 20% Since Sunday
Falling over 45% from the Official Trump (Trump) memecoin introduction on January 18, Solana SOL/USD has struggled recently, from over $261 to $143 on March 2. On March 1, SOL managed to recover above $140 despite having its largest-ever token unlock of over 11.2 million SOL tokens worth around $2 billion, displaying incredible fortitude.
Industry analysts believe that Solana’s price performance may be limited by the increasing demand for memecoins; current ecosystem capital is moving from one meme to the next instead of drawing fresh capital inflow. Notwithstanding these obstacles, President Trump’s inclusion of Solana on the strategic reserve set off a 25.5% increase for SOL.
Top Altcoins to Watch Today
- XRP XRP/USD: XRP surged over 34% in 24 hours following Trump’s announcement, briefly surpassing Ethereum by fully diluted valuation (FDV). Currently trading at $2.82, XRP has become one of the best-performing major cryptocurrencies.
- Cardano ADA/USD: ADA experienced a massive 60.3% increase in the past 24 hours after being specifically mentioned in Trump’s strategic reserve plan. Trading at $1.06, Cardano has shown exceptional momentum.
- Hedera (HBAR): Hedera has shown strength by rising above its 20-day EMA and reaching its 50-day SMA. Technical indicators suggest potential for further upside if it can maintain support at key levels.
- Litecoin LTC/USD: Trading inside a symmetrical triangle pattern at $128, Litecoin presents an interesting setup with potential for a breakout move in either direction.
- Celestia (TIA): Celestia has risen above key moving averages with bulls attempting to sustain the price above the crucial $4.14 level, which could signal rejection of the recent breakdown and potential for further gains.
The market’s response to President Trump’s strategic reserve announcement has significantly altered the crypto landscape, with Bitcoin dominance dropping below 50% as altcoins gain increased attention and investment. This development marks a potential turning point in the 2025 crypto market cycle as traditional financial institutions and government initiatives begin to embrace digital assets more broadly.
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