Why Bitcoin, Ethereum, and XRP Price Are Up Today? Trump’s Crypto Reserve Shakes Markets
Nidhi Kolhapur3 Mar 20253 min read
The crypto market is on fire after President Trump’s surprise announcement of a U.S. Crypto Strategic Reserve. Since last Friday, the total market cap has surged nearly 20%, sparking a wave of excitement among investors. On March 3, Bitcoin briefly hit $95,000, while Ethereum (ETH), Solana (SOL), and XRP saw gains between 9% and 25%.
But that’s not all – altcoins and meme coins are rallying hard, and whale activity is picking up steam. With Trump doubling down on crypto-friendly policies and his White House Crypto Summit just around the corner, let’s understand what could be coming next.
Trump Reveals Crypto Strategic Reserve Details
On Sunday, Trump posted on social media that he had signed an executive order instructing the Presidential Working Group to move forward with a Crypto Strategic Reserve featuring XRP, Solana (SOL), and Cardano (ADA).
The news initially caused Bitcoin dominance to drop from 55.4% to under 50% as traders shifted focus to these altcoins.
An hour later, Trump followed up, revealing that Bitcoin (BTC) and Ethereum (ETH) would also be part of the reserve. The announcement triggered a sharp rally:
- Cardano (ADA) skyrocketed 63% within two hours.
- Solana (SOL) jumped 23%.
- XRP surged 32%.
Massive Gains in the Crypto Market
Notably, President Trump’s news of a Crypto Strategic Reserve holding Bitcoin, Ethereum, Solana, Cardano, XRP, and potentially more coins triggered massive gains across the crypto market. Bitcoin jumped 7.5%, Ethereum rose 10.2%, Solana surged 18.8%, Cardano skyrocketed 61.7%, and XRP soared 24.5%.
Among the top-performing assets in the past 24 hours (with a market cap over $1 billion), Cardano, XRP, the Official Trump Memecoin, and Solana led the pack. Meanwhile, BNB had the smallest gain among the top 10 non-stablecoins, rising 2.55%.
Meme Coins Join the Rally
Meme coins also saw a strong surge following Trump’s announcement:
- Dogecoin (DOGE): +10% to $0.2272
- Shiba Inu (SHIB): +6% to $0.00001451
- Pepe Coin (PEPE): +10% to $0.000008508
Whale Activity and Analyst Predictions
According to on-chain analyst Ali Martinez, whales have purchased over 270 million XRP in the past 48 hours, reinforcing bullish sentiment.
He also predicts that Ethereum could see a major breakout soon. Meanwhile, he cautioned that Bitcoin, while currently gaining, often faces resistance at the 200-day moving average (MA) before making a decisive move.
With Trump’s first White House Crypto Summit set for Friday, investors are now watching closely for further policy updates that could push prices even higher.
Crypto bulls are back in full force, but will the momentum last? The coming days could be crucial.
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FAQs
- Trump announced a Crypto Strategic Reserve including BTC, ETH, XRP, SOL, and ADA to boost market confidence and adoption.
