Bitcoin surges 10% as Trump announces U.S. crypto reserve
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Bitcoin rebounded sharply on Sunday, surging 10% to $95,000 after U.S. President Donald Trump announced plans for a strategic crypto reserve. The move, seen as a major step toward legitimizing digital assets within the U.S. financial system, sparked a broad rally across the crypto market. While BTC later pared some gains, trading at $91,000 on Monday morning, the announcement marked a strong start to March following Bitcoin’s worst month since June 2022, where it lost 21%.
Crypto Reserve Plan Fuels Market Optimism
Trump’s statement, posted on Truth Social, confirmed that the U.S. Crypto Reserve will be created to “elevate this critical industry” after what he called “years of corrupt attacks by the Biden Administration.” His executive order on digital assets has now directed the Presidential Working Group to push forward with a reserve that includes major cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA).
“I will make sure the U.S. is the Crypto Capital of the World,” Trump declared. In a follow-up post, he reaffirmed his support for Bitcoin and Ethereum (ETH), saying, “I also love Bitcoin and Ethereum!”
Market Reacts: Cardano Leads the Charge
The announcement triggered a massive rally, particularly for Cardano (ADA), which skyrocketed 60%, making it the biggest gainer. XRP jumped over 30%, Solana surged 20%, and Ethereum climbed 12% before retracing slightly.
The shift in terminology—from a crypto “stockpile” to a crypto “reserve”—is being interpreted as a bullish signal. A reserve implies a long-term accumulation of crypto assets, potentially placing them alongside gold and other strategic reserves. This would mark a major shift in the U.S. government’s stance on digital assets, aligning them with traditional stores of value.
With Bitcoin reclaiming ground after February’s slump and broader altcoin momentum picking up, the crypto market is now looking toward further details on the reserve’s implementation. The coming weeks will be key in determining whether this is simply a policy shift or a transformative moment for institutional crypto adoption.
Crypto Reserve Plan Fuels Market Optimism
Trump’s statement, posted on Truth Social, confirmed that the U.S. Crypto Reserve will be created to “elevate this critical industry” after what he called “years of corrupt attacks by the Biden Administration.” His executive order on digital assets has now directed the Presidential Working Group to push forward with a reserve that includes major cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA).
“I will make sure the U.S. is the Crypto Capital of the World,” Trump declared. In a follow-up post, he reaffirmed his support for Bitcoin and Ethereum (ETH), saying, “I also love Bitcoin and Ethereum!”
Market Reacts: Cardano Leads the Charge
The announcement triggered a massive rally, particularly for Cardano (ADA), which skyrocketed 60%, making it the biggest gainer. XRP jumped over 30%, Solana surged 20%, and Ethereum climbed 12% before retracing slightly.
The shift in terminology—from a crypto “stockpile” to a crypto “reserve”—is being interpreted as a bullish signal. A reserve implies a long-term accumulation of crypto assets, potentially placing them alongside gold and other strategic reserves. This would mark a major shift in the U.S. government’s stance on digital assets, aligning them with traditional stores of value.
With Bitcoin reclaiming ground after February’s slump and broader altcoin momentum picking up, the crypto market is now looking toward further details on the reserve’s implementation. The coming weeks will be key in determining whether this is simply a policy shift or a transformative moment for institutional crypto adoption.