Crypto Pump: Trump Announces “U.S. Crypto Reserve”, Crypto Market Surges

Bittime - President of the United States, Donald Trump, announced the formation U.S. Crypto Strategic Reserve in a post on social media X, Sunday (2/3/2025). This decision immediately triggered a spike in the prices of a number of major crypto assets, including XRP, Cardano (ADA), and Solana (SOL).

Trump stated that this strategic reserve aims to strengthen the crypto industry in the US after experiencing regulatory obstacles in recent years. “I will ensure that the US becomes the center of the world's crypto industry. We are MAKING AMERICA GREAT AGAIN (MAGA),” Trump wrote in his upload.

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Bitcoin Reserve: Understanding and Impact

Impact on Crypto Markets

The crypto market responded positively to this announcement. In less than 90 minutes, global crypto market capitalization soared 8%. Several key assets experienced significant increases:

• Bitcoin (BTC): go on 8%
• Ethereum (ETH): go on 13%
• Solana (SUN): go on 25%
• XRP: go on 35%
• Cardano (ADA): soared 75%

This increase erased all the losses experienced by the crypto market in recent weeks and increased investor optimism.

Trump's Pro-Crypto Policy

Since leaving the White House, Trump has frequently voiced support for cryptocurrencies and blockchain technology. This announcement further strengthens speculation that pro-crypto policies will be one of his priorities if he returns to power in the upcoming US elections.

A number of analysts believe that this step could bring major changes to the global crypto ecosystem. If this policy is realized, the United States has the potential to become a center for greater digital asset growth in the future.

Crypto Market Heading for a Positive Trend?

A number of observers predict that the bullish trend in the crypto market will continue. However, they reminded that price movements are still influenced by various factors, including further regulations and the central bank's attitude towards digital currencies.

"The market responded very positively, but we need to see how this policy will be implemented concretely in regulations and laws," said market analyst from Crypto Insights, Michael Thompson, quoted by Reuters.

Until this news was released, investors continued to pay close attention to further developments in policy U.S. Crypto Strategic Reserve announced by Trump.

FAQ: U.S. Crypto Strategic Reserve and Its Impact

1. What is U.S. Crypto Strategic Reserve?

U.S. Crypto Strategic Reserve is an initiative announced by former US President Donald Trump to support the cryptocurrency ecosystem. This plan includes the inclusion of several major digital assets, such as XRP, Cardano (ADA), and Solana (SOL), in the United States strategic reserve.

2. Why does this announcement have such a big impact on the crypto market?

Trump's statement is considered a strong signal that regulations in the US could be friendlier to the crypto industry in the future. Investors see this policy as a positive step that can encourage wider adoption, increase market confidence, and accelerate the growth of the blockchain industry.

3. Will crypto prices continue to rise after this announcement?

Although the market responded positively with a surge in prices, long-term movements remain dependent on the implementation of these policies as well as other external factors, such as further regulation, institutional adoption and global economic conditions.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

CoinMarketCap, Today’s Cryptocurrency Prices, Accessed March 3, 2025
CoinPedia, Why is Crypto Pumping?, Accessed March 3, 2025