The world of cryptocurrency was set abuzz when President Donald Trump announced the establishment of a strategic cryptocurrency reserve for the United States on March 2, 2025. Following this pivotal declaration, the price of Bitcoin (BTC) soared above $91,000, demonstrating the immediate and substantial impact of Trump's announcement on the crypto market.
This move not only included Bitcoin but also promised to engage major cryptocurrencies such as Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as part of this reserve. The decision marked the first of its kind for the U.S. and was aimed at bolstering investor confidence amid fluctuated market conditions.
Within 24 hours of Trump's pronouncement, XRP skyrocketed by 31%, trading at approximately $2.80. Both SOL and ADA saw gains of over 20%, with ADA rising above the $1 mark and SOL hitting $160. Meanwhile, Bitcoin itself saw approximately 6% growth, securing its position over the $91,000 line after stabilizing between $80,000 and $84,000 prior to the announcement. Ether followed suit, climbing nearly 10% to trade above $2,400.
The surge didn’t just stop with Bitcoin; the overall CoinDesk 20 Index (CD20) climbed by 17% within the same timeframe, reflecting heightened enthusiasm across the cryptocurrency sphere. Investors and traders reacted enthusiastically to this new declaration, feeling encouraged after what many viewed as stagnant periods for digital assets.
Notably, the decision gave rise to favorable discussions within the stock market as well, particularly for cryptocurrency-related stocks including MicroStrategy (MSTR), Coinbase (COIN), Robinhood (HOOD), and Bitcoin mining companies such as Marathon Digital (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK). Their value is expected to reflect bullish conditions influenced largely by Trump’s strategy for the cryptocurrency sector.
This announcement also generated attention toward Coinbase, where the premiums for XRP, SOL, and ADA noticed marked increases—indicating strong demand among American traders. These premiums reached their highest levels since February 3, 2025, bringing BTC and ETH along for the uptick, which traded slightly higher on Coinbase compared to the offshore exchange Binance.
According to sources, the decision aims to reinvigorate interest and investment within the cryptocurrency market, which had shown signs of fatigue over the previous weeks. Speculative trading had started to show signs of life just before the announcement, which coincided with the announcement of Trump hosting a Crypto Summit set for March 7, 2025. This summit is expected to engage influencers, CEOs, and investors firmly rooted within the cryptocurrency ecosystem to deliberate on future strategies and directions.
“The surge seen since the announcement is indicative of not just investor confidence but also market dynamics shifting toward institutional acceptance of cryptocurrency. Such initiatives could serve to increase legitimacy and stabilization within this volatile market,” stated Aoyon Ashraf, CoinDesk's Managing Editor.
Omkar Godbole, Co-Managing Editor at CoinDesk, emphasized the importance of the developments: “There’s character of demand arising here with the premiums indicating growing interest; it shows traders are actively engaged following Trump’s significant announcement.”
Market analysts expect the U.S. cryptocurrency reserve to play a significant role going forward, potentially becoming instrumental in addressing some of the concerns about regulation and integration of crypto assets within the traditional financial framework. Following these developments, the cryptocurrency market’s trends remain closely observed, with enthusiasts optimistic about the newfound momentum.
Overall, the U.S. strategic cryptocurrency reserve established by President Trump is seen as both timely and potentially transformative, paving the way for renewed interest and involvement from investors, fueling discussions around the greater embrace of cryptocurrencies by major institutions.