04.03.2025 09:40
Cryptocurrency markets surged following U.S. President Donald Trump's reserve directive. After the announcement, Bitcoin reached $95,000, and Ethereum hit $2,500. ADA recorded the most notable performance with an 80% increase. However, after the past two days, the rising cryptocurrencies have retraced their gains.
U.S. President Donald Trump has made the decision that cryptocurrency investors have been waiting for months. He announced that the strategic crypto reserve of the U.S. will include Bitcoin (BTC) and Ethereum (ETH), as well as Ripple's XRP, Solana's SOL, and Cardano's ADA tokens.
Following Trump's announcement, the market stagnation that had been ongoing for a while reversed. Bitcoin rose by over 10%, climbing from the $86,000 range to as high as $95,000. Ethereum increased by 15%, rising from $2,220 to over $2,500.
ASSETS IN THE RESERVE SOARED
ADA, which was announced to be included in the reserve, gained nearly 80% in value, climbing from $0.67 to $1.17. Similarly, XRP saw an increase of nearly 40%, reaching $2.88, while SOL rose by 25%, hitting $180.
MARKETS REVERSED IN 2 DAYS
While the consecutive increases delighted crypto investors, this joy was short-lived. After two days, cryptocurrencies faced sharp sell-offs. In the markets where profit-taking occurred, the figures fell back to the levels before Trump's announcements.
HERE IS THE LATEST STATUS IN THE MARKETS
Following the recent declines, the current status in the markets as of 09:25 is as follows:
Bitcoin: 84,022
Ethereum: 2,098.82
Ripple (XRP): 2.36
Solana (SOL): 137.64
ADA: 0.82
NOTE: This news content is not investment advice.