Trump’s Crypto Reserves Announcement Revives The Market.
By Manoj Dharra
President Donald Trump has announced a U.S. Crypto Strategic Reserve, aiming to make the U.S. the crypto capital of the world. And it’s not just Bitcoin—altcoins like XRP, Solana (SOL), and Cardano (ADA) are included.
The announcements from Trump reconfirmed his loyalty to an industry that had showered him with donations and praise during his campaign following a crackdown on crypto companies under President Joe Biden’s administration.
Bitcoin is often viewed as a “high beta” asset, meaning when stocks move in one direction, the largest crypto token often will move even more in the same direction.
What happened?
- Bitcoin soared past $93,000
- XRP surged 30%
- Solana jumped 20%
- Cardano skyrocketed over 50%
With government support this strong, are we about to see mass crypto adoption?
Metaplanet Acquires 156 Bitcoin for ~$13.4mn
Metaplanet has acquired 156 BTC for ~$13.4 million at an average price of ~$85,890 per Bitcoin, achieving a 31.8% BTC yield year-to-date in 2025. As of March 3, 2025, Metaplanet holds a total of 2,391 BTC, acquired for ~$196.3 million at an average price of ~$82,100 per Bitcoin.
Hedera ($HBAR) has experienced a 23% surge in the last 7 days, surpassing Avalanche in market capitalization. This rise is believed to be driven by the news of SWIFT’s collaboration with Hedera by integrating its blockchain across North America, Europe, and Asia. There’s also growing optimism around the potential launch of a $HBAR ETF in the United States, signaling a positive outlook for the token’s future in the market.
Outlook
What do you think? Will Trump’s plan fuel the next bull run? Or is this just hype?
Well, macroeconomic concerns are still an overhang that could cause crypto prices to retreat again should equities do the same.
President Trump will host the first White House crypto summit on March 7 to discuss the future of crypto regulatory policy in the United States with industry executives and the Digital Asset Working Group, further reinforcing his administration’s pro-crypto stance. As the US government deepens its engagement with digital assets, all eyes will be on upcoming regulatory developments and their impact on the industry.
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