On Sunday, March 2, 2025, Bitcoin ($BTC), Ethereum ($ETH), XRP ($XRP), Solana ($SOL), and Cardano ($ADA) saw sharp price spikes, with gains echoing across the broader crypto market. The rally kicked off after U.S. President Donald Trump took to Truth Social to announce a plan for a U.S. Crypto Strategic Reserve, naming these assets specifically.
It’s a move that’s got investors buzzing and sparked a wave of bullish sentiment, even if questions linger about what it all really means.
Trump’s initial post highlighted XRP, SOL, and ADA as part of the reserve, aiming to “elevate this critical industry after years of corrupt attacks by the Biden Administration.” About an hour later, he followed up, adding that Bitcoin and Ethereum would “obviously” be at the “heart of the Reserve,” saying he “loves” them too.The announcements sent markets into a frenzy—XRP jumped around 30% to $2.88, SOL climbed 20% past $170, and ADA soared over 50% near $1, while BTC and ETH each gained around 10%, hitting $94,000 and $2,500 respectively, according to market trackers like TheCoinInfo.
The idea builds on Trump’s January executive order, which set up a Presidential Working Group to explore a national digital asset stockpile—potentially using seized crypto from law enforcement, like the $19 billion in Bitcoin the feds reportedly hold.
Trump’s framing it as a way to make the U.S. the “Crypto Capital of the World,” a promise he’s been doubling down on since his campaign. But details are thin, and some analysts are skeptical about feasibility—creating a reserve might need Congress to sign off, and not everyone’s convinced the government should be stockpiling speculative assets like altcoins.
The timing’s notable too, coming just before Trump’s first White House Crypto Summit on March 7. Sentiment on platforms like X shows a mix of hype and caution—some see it as a game-changer for adoption, others worry it’s more noise than substance, especially with BTC still down from its January peak of $109,350.
For now, the market’s riding the wave, but whether this reserve turns real or stalls out remains the big question mark.
