Crypto Market Surges $300 Billion, Trump Announces Crypto Strategic Reserve!

Jakarta, Pintu News—The global crypto market saw a $300 billion increase in value following President Donald Trump’s announcement that the United States has established a crypto strategic reserve.

The announcement was made on March 2 via the Truth Social platform, where Trump reiterated his commitment to making the US the “Crypto Capital of the World.”

This latest executive order directs the President’s Working Group on Digital Assets to initiate the establishment of a national crypto reserve that will include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

Check out the full news below!

Significant Surge in Crypto Market

In the past 24 hours, Bitcoin (BTC) surged 8%, breaking the $93,000 mark, while Ethereum (ETH) rose 11%.

The gains in other cryptocurrencies were even more significant, with Cardano (ADA) jumping 66%, Solana (SOL) rising 20%, and Ripple (XRP) increasing 28%.

With a market capitalization of $163.9 billion, Ripple (XRP) surpassed Tether (USDT) to become the third largest cryptocurrency, according to price tracker crypto.news.

Also read: ETH and BTC Plummeted By a Dozen Percent, Why Did The Crypto Market Crash Today (4/3/25)?

Strategic Reserve Plan Differences

Trump’s plan this time differs from his previous idea of a Bitcoin stockpile, where the US would simply store existing Bitcoin holdings. Instead, a strategic reserve implies proactive crypto accumulation.

The crypto community is divided over this move. Some argue that Bitcoin (BTC) should be the only asset in the reserve due to its security and decentralization.

However, there are concerns that government-controlled crypto reserves could weaken the dollar and be vulnerable to future political changes.

Also read: Ripple vs SEC Case: Will There Be a Bright Spot?

Political Reaction and Impact

Republican senators welcomed the announcement, seeing it as a way for the US to play a leading role in the changing global financial system and as a counterweight to China’s digital yuan dominance.

Although the Crypto Fear and Greed Index has increased by seven points since March 1, it is still within the ‘Fear’ zone at 33.

The market reaction suggests that traders weigh the long-term effects of government involvement in crypto ownership with enthusiasm and caution.

Conclusion

Investors are now looking forward to the upcoming crypto summit, where more details will be revealed, including possible policy revisions, regulatory updates, and a clearer framework for the reserve. The move is expected to provide a new direction for the global crypto market and strengthen the US’ position as a leader in digital finance innovation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Crypto Market Trumps Crypto Strategic Reserve. Accessed on March 4, 2025
• Featured Image: Generated by Ai