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The cryptocurrency world has been shaken by a series of significant events today, March 3, 2025. Here's a summary of the most relevant news:
U.S. Strategic Crypto Reserve Announcement
President Donald Trump has surprised the market with the announcement of a "Strategic Cryptocurrency Reserve" for the United States. This reserve will include not only Bitcoin and Ethereum but also other cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA). The announcement has triggered a significant rally in the crypto market:
- Bitcoin surpassed $90,000, with an increase of nearly $14,000 in three days.
- Ethereum rose 13%, reaching $2,300.
- XRP experienced a 33% increase.
- Solana (SOL) climbed 22%.
- Cardano (ADA) skyrocketed by over 60%.
Reactions and Comments
- Eric Trump praised the timing of the announcement, noting that it benefited retail investors by being made on a Sunday when traditional markets are closed.
- The White House will host the first Crypto Summit this Friday, where more details about the strategic reserve are expected to be revealed.
- Coinbase CEO Brian Armstrong suggested that only Bitcoin should be considered for the strategic reserve.
Other Notable News
- XRP whales are selling at record levels, with increases of 500% since November.
- Ronaldinho launched a coin that rose 102,000% in 30 minutes.
- Peter Schiff, a known Bitcoin critic, admitted that Bitcoin is "digital gold."
- A massive purchase of $192 million in Bitcoin was reported.
Market Impact
Trump's announcement has significantly boosted the cryptocurrency market. The total market capitalization increased by 6.77%, reaching $3.03 trillion. Trading volume also surged, with a 197.62% increase in 24 hours, reaching $206.77 billion.
This shift in U.S. policy towards cryptocurrencies marks a turning point for the sector, potentially positioning the U.S. as a leader in digital assets. However, many questions remain about the structure and regulatory framework of this strategic reserve.
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See You Tomorrow!
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