Trump sent shockwaves through the crypto world this weekend, unveiling plans for an ADA crypto reserve and a U.S. crypto strategic reserve backed by Bitcoin, Ethereum, Solana, XRP, and Cardano.
The move aims to cement U.S. dominance in digital finance while giving cryptocurrencies a rare stamp of national legitimacy.
The markets roared in response—Bitcoin climbed 9% to flirt with $93,000, Ethereum spiked 11% to $2,500, and Solana, XRP, and Cardano saw rallies hitting between 20% and 60%. With momentum building, all eyes are now on the March 7 White House Crypto Summit to see how this bold strategy unfolds.
Turning Campaign Promises Into Action, ADA Crypto Reserve
Trump’s crypto play is no surprise. He campaigned on making America the “crypto capital of the world” and hinted at a national Bitcoin reserve and ADA crypto reserve, as well as other altcoins. Now, that vision is taking shape.
On Truth Social, Trump announced plans for a U.S. Crypto Reserve, which he framed as a counter to “years of corrupt attacks by the Biden administration.” The reserve won’t stop at Bitcoin and Ethereum—it’s also set to include Solana, XRP, and Cardano, maybe Sui too, a risky lineup that pairs established giants with younger, volatile assets.
Cardano $ADA is probably the easiest 3x+ in crypto right now pic.twitter.com/0ykTUBzO69
— Sal (@Sal_XBT) March 2, 2025
Crypto prices reacted swiftly to the announcement. Solana surged 20% to $169, XRP soared 30% to $2.80, and Cardano saw a jaw-dropping 60% jump to just over $1.02. These gains come as a welcome boost after a challenging year for crypto, marked by regulatory crackdowns and hacking scandals.
Bitcoin, which had dropped below $80,000 last week, gained momentum following Trump’s announcement. 99Bitcoin’s analysts believe the inclusion of Bitcoin and Ethereum in the reserve catalyzed the broader market rally.
What Is a Crypto Strategic Reserve?
What exactly will the U.S. crypto strategic reserve look like? No one knows yet, but the theories are running wild. Some believe the government might hang onto its $18 billion haul of seized Bitcoin, breaking with its usual auction approach.
Others think a wider reserve could be built through crypto purchases, though critics argue the inherent risks of assets like Solana and XRP make this flawed policy. Whatever route is chosen, launching a crypto reserve could shake up the global role of digital currencies.
Potential Benefits of a Strategic Reserve:
- Establishing the U.S. as a leader in crypto could attract institutional investments to the domestic market.
- Bolstering the dollar’s dominance by integrating stablecoins and digital assets into the federal financial framework.
- Leveraging Bitcoin’s scarcity and Ethereum’s utility to create an inflation-resistant hedge.
Challenges:
- Cryptocurrencies are notorious for their volatility, prompting concerns about the financial risks of holding large quantities in a national reserve.
- Implementation details remain murky, including who will manage the reserve and how carefully its operation will be regulated.
Best New Crypto to Buy? Mind of Pepe Could Be the Next Big AI Crypto Agent Coin
Argentina’s Libra disaster rattled crypto investors chasing flashy tokens, leaving lawsuits, fury, and accusations at Argentine President Javier Milei’s doorstep over an alleged billion-dollar scam.
Celebrities like Trump fueled the fire, cashing in on crypto hype as meme coins surged. Ye (Kanye West) is jumping on board with his YZY token, claiming an 80% stake despite the market’s nosedive.
Since Trump’s token launch in January and the Libra collapse, the meme coin market cap has halved—from $116 billion to $58 billion—signaling fading enthusiasm for gimmicky launches and a growing shift in investor sentiment.
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Unsurprisingly, $MIND has raked in $7 million during its presale, priced at $0.0034128 a token. The coin has locked up 10% of its total supply, riding Ethereum’s blockchain as an ERC-20 token and accepting payments in ETH, USDT, or BNB
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The post We’re So Back! Why is Crypto Going Up? ADA Crypto Reserve! And Best Crypto Presale In March appeared first on 99Bitcoins.
