The crypto market is on fire right now. It’s up more than 11% with the total market worth hitting $3.12 trillion. This happened after President Trump said the US would create a Crypto Strategic Reserve. The plan starts with XRP, Solana, and Cardano, which got everyone excited. Bitcoin and Ethereum were added to the reserve later, helping push prices up across all major cryptocurrencies.

Trump announced it on X, saying it was to make the U.S. the “Crypto Capital of the World.” He framed it as a response to what he called “corrupt attacks by the Biden Administration” on digital assets. The post spread quickly, getting lots of attention from traders and analysts.

BREAKING: President Trump says “obviously” Bitcoin will be included in the strategic reserve.“I also love Bitcoin” pic.twitter.com/STPTl3y6Gh

— Bitcoin Magazine (@BitcoinMagazine) March 2, 2025

Altcoin Prices Soar Following Trump’s Announcement

The crypto market shot up after the news, with big price jumps for major coins. Cardano’s price went up almost 65% to $1.04, and the price of XRP jumped about 34% to $2.88. Other altcoins also experienced substantial price increases.

• IOTA (MIOTA) jumped by 29.07%
• WIF rose by 24.02%
• Algorand (ALGO) climbed by 22.90%
• Solana (SOL) gained 22.72%

Experts think this happened because big institutions are buying in and traders are making bets. Many believe Trump’s administration might create better rules for digital currencies.

Bitcoin and Ethereum React as Market Liquidity Expands

Bitcoin and Ethereum jumped up with the rest of the market. Bitcoin’s price went up about 10.82%, and Ethereum climbed 13.17%. This rise shows investors are feeling good about crypto, especially with hopes for better crypto rules in the US.

Trump’s announcement has got people talking across the crypto world. Analysts are discussing what a government-backed crypto reserve might mean long-term. We don’t know exactly how the reserve will work yet, but the market’s reaction shows traders are pretty excited about it.

This quick market change shows how much political decisions affect digital assets now. Traders are keeping a close eye out for more details on the policies. As things unfold, crypto investors are staying very involved, expecting more ups and downs in prices over the coming days.

Read Also: How Much Will 10,000 Hedera (HBAR) Tokens Be Worth if Bitcoin Bounces Back to $100K?

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