The cryptocurrency market benchmark coin, Bitcoin, witnessed an nearly 9 per cent rise to $92,000 as Donald Trump introduced an enormous US crypto reserve transfer on Sunday, March 2, 2025.
Bitcoin gained almost 9 per cent to $92,000 after Donald Trump’s announcement, in comparison with $85,166.29 ranges at round 8:50 p.m. (IST), in accordance with Coinmarketcap knowledge.
Markets jumped because of Donald Trump’s announcement of making a Crypto Strategic Reserve in america in efforts to raise America’s crypto trade.
“U.S. Crypto Reserve will elevate this crucial trade after years of corrupt assaults by the Biden Administration, which is why my Govt Order on Digital Belongings directed the Presidential Working Group to maneuver ahead on a Crypto Strategic Reserve that features XRP, SOL, and ADA,” US President Donald Trump stated in his put up on TruthSocial.
Bitcoin is presently buying and selling at $94,383.33, which is 10.82 per cent greater than yesterday’s market ranges. 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 cash leap on Trump’s announcement
US President Donald Trump’s announcement additionally talked about that the Crypto Strategic Reserve will embrace cryptocurrencies XRP, Solana, and Cardano. All three crypto cash jumped on the announcement on March 2.
Solana coin (SOL) jumped 24 per cent to $175.46, in comparison with its ranges of $141.47 at 8:55 p.m. (IST). Solana is presently buying and selling 21.22 per cent greater at $169.65, in comparison with the day before today.
XRP token (XRP) jumped almost 31 per cent to $2.92, in comparison with $2.23 at 8:55 p.m. (IST). XRP token is presently buying and selling 33.14 per cent greater at $2.84, in comparison with its ranges on the day before today, Coinmarketcap knowledge exhibits.
Cardano token (ADA) rose 71 per cent to $1.1, in comparison with its earlier degree of $0.64 at 8:55 p.m. (IST). The coin is buying and selling 62.80 per cent greater at $1.02, in comparison with its earlier day’s degree.
Investments into these digital asset courses are extremely dangerous as a result of crypto market being extremely risky. Therefore, traders ought to keep cautious earlier than making any investments.
Disclaimer: This story is for instructional functions solely. The views and suggestions above are these of particular person analysts or broking firms, not Mint. We advise traders to test with licensed consultants earlier than making any funding selections.
