Following the US Crypto Strategic Reserve announcement, Cardano pumps 76%
To strengthen the US economy, US President Donald Trump announced the “Crypto Strategic Reserve.” Trump says he loves Bitcoin & Ethereum.On 2 March 2025, Donald Trump announced through his social media...
To strengthen the US economy, US President Donald Trump announced the “Crypto Strategic Reserve.” Trump says he loves Bitcoin & Ethereum.
On 2 March 2025, Donald Trump announced through his social media platform Truth Social that the US government is moving toward a very big decision with crypto adoption.
Trump announced the Crypto Strategic Reserve to help the US economy gain strength & maintain the position of America as a crypto capital country.
Under this plan, the US government will invest in Bitcoin (BTC), Ethereum (ETH), and also in other top cryptocurrencies, for example, Solana (SOL), $XRP, and Cardano (ADA).
— Bitcoin Magazine (@BitcoinMagazine) March 2, 2025BREAKING: 🇺🇸 President Trump says “obviously” Bitcoin will be included in the strategic reserve.
“I also love Bitcoin” pic.twitter.com/STPTl3y6Gh
It is worth it to note that Trump showed his love for Bitcoin & Ethereum, as his top choice. And he also openly slammed the Biden administration for attacking crypto space.
Trump said that the Crypto Strategic Reserve will help the crypto space to get a better position in terms of the regulatory landscape.
David Sacks, Trump’s Crypto Czar, said that Donald Trump completed his promise with the Crypto Strategic Reserve (CSR). Sacks also said that more decisions regarding cryptocurrencies will come soon at the summit.
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
Coinbase CEO Brian Armstrong also shared his happiness but suggested creating an index of high market cap digital assets to include the majority of high dominance Cryptocurrencies in CSR with neutrality. Armstrong noted that Trump’s latest decision made Bitcoin a good successor to gold.
— Brian Armstrong (@brian_armstrong) March 3, 2025Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:
1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold
2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S
Binance co-founder Changpeng Zhao (CZ) said that Crypto Strategic Reserve is basically a new thing for crypto adoption and also indirectly said that the crypto space is no longer going to face a bear cycle phase. For the crypto projects, CZ suggested doing better to build useful things in the crypto space.
— CZ 🔶 BNB (@cz_binance) March 2, 2025This round is clearly "US coins". Kudos to them for moving things forward.👏
I am always happy to see any progress in crypto adoption. Rising tide lifts all boats.
We keep building! 💪😆 pic.twitter.com/8zIIixsGvH
Charles Hoskinson, founder of Cardano & co-founder of Ethereum, also shared his happiness with the latest developments around the crypto space, which includes the Cardano ($ADA) coin.
Following this news the trade price of the majority of the top Cryptocurrencies surged rapidly by high percentages. In particular, Bitcoin saw an increase of 11%, from the $85k level to the $95k level.
The trade price of Ethereum surged from $2,175 to $2,549, a net 17% increase. Currently, the $ETH coin is trading at a $2,351 price level.
In particular, the trade price of Cardano ($ADA) surged nearly 76%, from $0.64 to $1.13 in the same period, the highest in the crypto space, following the announcement of the Crypto Strategic Reserve.
Later $ADA coin faces a small downfall in the price level. The current trade price of this Cryptocurrency is $0.96.
This shows that serious crypto enthusiasts are bullish on the Cardano project because of the seriousness of the leadership & real innovative blockchain developments around the Cardano blockchain ecosystem.
Read also: Binance co-founder proposes new crypto tokens issuance mechanism
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
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