3-3-2025 – The cryptocurrency landscape has experienced a remarkable transformation since President Donald Trump unveiled plans for a US Crypto Strategic Reserve, with overall market capitalisation leaping nearly 20% from last Friday’s figures.
At the heart of this dramatic market movement lies the President’s Sunday social media declaration, in which he claimed to have signed an executive order establishing a Crypto Strategic Reserve incorporating various digital currencies. The announcement initially focused on XRP, Solana and Cardano, causing Bitcoin’s market dominance to plummet from 55.4% to below 50%. Approximately one hour later, the President clarified that Bitcoin and Ethereum would also feature prominently in the reserve strategy, though the three initially highlighted tokens had already experienced gains of up to 62% that day.
The Presidential proclamation triggered substantial price movements across the cryptocurrency spectrum. Bitcoin appreciated by 7.5%, whilst Ethereum recorded a 10.2% increase. More dramatic surges were witnessed amongst the specifically mentioned alternatives, with Solana climbing 18.8%, XRP advancing 24.5%, and Cardano delivering an extraordinary 61.7% leap in value.
Market analysis reveals these tokens dominated performance metrics over the subsequent 24-hour period. Among cryptocurrencies with market capitalisation exceeding $1 billion, the strongest performers included Cardano, XRP, the Official Trump memecoin, and Solana. Even comparatively modest performers like BNB, which registered the smallest gain amongst top-tier cryptocurrencies excluding stablecoins, still managed a 2.55% increase.
The weekend trading period saw Ether rise 20% to reach $2,482, whilst XRP jumped 38%, Solana climbed 20%, and Cardano delivered a remarkable 78% appreciation. These movements effectively reversed previous post-election declines, with analysts suggesting the current momentum could continue through to Trump’s inaugural White House Crypto Summit scheduled for Friday.
Venture capitalist David Sacks noted on social platform X that Trump’s latest initiative appears to align with his earlier executive order (E.O. 14178) issued during his first week in office. This continuity reinforces the administration’s stated ambition to position the United States as the “Crypto Capital of the World,” with further policy details anticipated during the upcoming summit.
The White House Crypto Summit, set for 7th March, will convene industry figures to address regulatory frameworks and stablecoin oversight.
