Trump Insists on a Strategic Reserve of Cryptocurrencies, Including BTC, ETH, SOL, ADA, and XRP, Sparking a Price Surge
An Announcement of a Crypto Reserve That Shakes the Market
The price of Bitcoin (BTC) soared past $95,000 after the announcement by American President Donald Trump regarding the creation of a strategic reserve of cryptocurrencies in the United States, before stabilizing around $93,000. This decision represents a major turning point in the institutional recognition of digital assets and immediately led to a surge in prices across the crypto market.
Upon his announcement, Trump mentioned that XRP, Solana (SOL), and Cardano (ADA) would be part of this reserve. He then expanded the list by adding Bitcoin (BTC) and Ethereum (ETH), as well as “other valuable cryptocurrencies,” thereby strengthening the legitimacy of these assets in the eyes of investors.
An Explosion of Prices Across the Market
The effect of this announcement was immediate:
- Cardano (ADA) surpassed $1.17, experiencing an increase of over 80%.
- XRP surged by 33%, reaching $2.90.
- Solana (SOL) crossed the $180 threshold, also progressing by over 25%.
- Bitcoin (BTC), up by 6% in 24 hours, finally surpassed the $91,000 mark after several days of hesitation between $80,000 and $84,000.
- Ether (ETH) climbed by 15%, reaching $2,550.
The total market capitalization of the crypto market saw a 13% rise, adding $360 billion to its total within a few hours, setting a one-day record!
Actions Linked to Crypto Experiencing Strong Growth
Beyond the cryptocurrencies themselves, this announcement also boosted the stocks of companies directly involved in the digital asset market:
- MicroStrategy (MSTR), one of the largest institutional holders of Bitcoin, has begun to benefit from this renewed optimism.
- Coinbase (COIN), the leading US exchange platform, is seeing its stock price rise with the influx of new investors.
- Robinhood (HOOD), which also offers cryptocurrency-related services, is expected to surge.
- Bitcoin miners, such as Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), could also take advantage of this bullish momentum.
A Crypto Summit Planned for March 7
The anticipation of a summit on cryptocurrencies, organized by the White House on March 7, has also contributed to this euphoria. Trump will bring together founders, CEOs, and investors from the crypto industry to discuss the challenges and opportunities of the sector. This initiative confirms the American President’s desire to further structure and integrate cryptos into the national economy.
