The cryptocurrency market benchmark coin, Bitcoin, witnessed an almost 9 per cent rise to $92,000 as Donald Trump announced a huge US crypto reserve move on Sunday, March 2, 2025.
Bitcoin gained nearly 9 per cent to $92,000 after Donald Trump’s announcement, compared to $85,166.29 levels at around 8:50 p.m. (IST), according to Coinmarketcap data.
Markets jumped due to Donald Trump‘s announcement of creating a Crypto Strategic Reserve in the United States in efforts to elevate America’s crypto industry.
“U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” US President Donald Trump said in his post on TruthSocial.
Bitcoin is currently trading at $94,383.33, which is 10.82 per cent higher than yesterday’s market levels. The cryptocurrency’s market capitalisation was at $1.87 trillion, with market volumes exceeding $47 billion at 11:32 a.m. on March 2.
Crypto coins jump on Trump’s announcement
US President Donald Trump’s announcement also mentioned that the Crypto Strategic Reserve will include cryptocurrencies XRP, Solana, and Cardano. All three crypto coins jumped on the announcement on March 2.
Solana coin (SOL) jumped 24 per cent to $175.46, compared to its levels of $141.47 at 8:55 p.m. (IST). Solana is currently trading 21.22 per cent higher at $169.65, compared to the previous day.
XRP token (XRP) jumped nearly 31 per cent to $2.92, compared to $2.23 at 8:55 p.m. (IST). XRP token is currently trading 33.14 per cent higher at $2.84, compared to its levels on the previous day, Coinmarketcap data shows.
Cardano token (ADA) rose 71 per cent to $1.1, compared to its previous level of $0.64 at 8:55 p.m. (IST). The coin is trading 62.80 per cent higher at $1.02, compared to its previous day’s level.
Investments into these digital asset classes are highly risky due to the crypto market being highly volatile. Hence, investors should stay cautious before making any investments.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
