The cryptocurrency market staged a strong recovery on Sunday, fueled by renewed optimism following U.S. President Donald Trump’s announcement of a U.S. crypto reserve. Bitcoin led the charge, surging past $94,000 at one point before stabilizing around $92,604, marking an 8% gain over the past 24 hours.
Altcoins Soar as Market Sentiment Shifts
The bullish momentum wasn’t limited to Bitcoin. Several major altcoins posted double-digit gains, with investors speculating on their potential inclusion in the proposed crypto reserve:
🔹 Cardano (ADA) skyrocketed 60.8% to trade at $1.06
🔹 XRP jumped 24.5% to reach $2.80
🔹 Solana (SOL) climbed 18.3% to $160.82
🔹 Ether (ETH) gained 7.6%, trading at $2,440
This rally comes after weeks of downward pressure, triggered by broader macroeconomic concerns and regulatory uncertainty. However, the recent announcement has reignited bullish sentiment, as traders anticipate a stronger institutional embrace of crypto under Trump’s administration.
Trump’s Crypto Reserve Plan: A Game-Changer?
The surge in market confidence follows a series of social media posts by President Trump, hinting at the inclusion of Solana (SOL), XRP, and Cardano (ADA) in the U.S. crypto reserve — alongside Bitcoin and Ethereum.
Further fueling speculation, White House Crypto Czar David Sacks teased upcoming developments on X (formerly Twitter), stating there is “more to come at the Summit.” The post suggests that Trump will directly address crypto leaders at the White House on March 7, likely unveiling more details about the administration’s pro-crypto policies.
What’s Next for the Market?
With Trump’s crypto-friendly stance becoming increasingly clear, investors are eyeing potential regulatory clarity and institutional adoption, both of which could further drive prices upward.
As the market awaits further announcements, Bitcoin’s next key resistance level is being closely watched near $95,500, while altcoins could continue their upward momentum if additional positive news emerges.
Stay tuned as the crypto landscape evolves — March 7 could mark a pivotal moment for the industry. 🚀
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