March Crypto Market: Trump’s support for crypto reserves triggers price surge (4/3/25)

Jakarta, Pintu News – The global crypto market has reignited with bullish sentiment among traders and investors around the world. Bitcoin (BTC) price briefly touched a peak of $95,000 in a day, while Ethereum (ETH), Solana (SOL), and Ripple (XRP) also saw significant gains of between 9%-25%. These gains came after US President Donald Trump’s support for the creation of a strategic crypto reserve that includes XRP, SOL, and Cardano (ADA).

Sharp Rise in Crypto Market

The global crypto market capitalization increased by more than 8% in the last 24 hours, surpassing $3 trillion. Total market volume also jumped 141% to $185.95 billion. This rise was mainly fueled by pro-crypto President Trump’s support of crypto reserves in the US. According to a Forbes report, crypto strategic reserves that include XRP, SOL, and ADA are highly anticipated across the country, which is good news for investors to buy at low prices.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Bitcoin (BTC) and Ethereum (ETH) Price Surge

Bitcoin (BTC) price rose more than 8% and was trading at $92,759. The coin recorded a 24-hour low and high of $85,040.21 and $95,043.44. Meanwhile, the price of Ethereum (ETH) surged more than 10% in the last 24 hours, reaching $2,446. Ethereum (ETH) recorded a low and high of $2,175.32 and $2,548.81. This increase shows the growing market interest in both cryptocurrencies.

Drastic Increase in Ripple (XRP) and Solana (SOL)

Ripple (XRP) led the gains in the market with a 24% gain, reaching $2.79. Its daily low and high were $2.23 and $2.97. Meanwhile, the price of Solana (SOL) rose 18% in the last 24 hours, reaching $170. Solana (SOL)’s lowest and highest prices were $140.30 and $178.63. Both cryptocurrencies are showing a significant increase in interest in the market, especially after Trump’s endorsement.

Conclusion

Overall, the crypto market is showing strong bullish action, especially after the US President’s announcement of a crypto reserve plan that includes SOL, ADA, and XRP. Traders and investors continue to anticipate further gains, as the market sees great potential ahead.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Crypto Market Today, March 3: BTC & Altcoins Pump Hard Amid Trump’s Crypto Reserve Backing. Accessed on March 4, 2025
• Featured Image: Generated by AI