Bitcoin rebounds as Trump’s crypto reserve ignites market surge

Hola folks!

Welcome back to our crypto market update. It has been a pivotal week in the crypto world as US President Donald Trump gave more details regarding the strategic US Crypto Reserve comprising BTC, ETH, and three US-origin cryptos—SOL, XRP, and ADA as of now. 

This move aligns with Trump’s earlier promise at the Bitcoin 2024 conference in Tennessee that his administration would retain 100% of all Bitcoin the US government currently holds or acquires. 

Today’s newsletter discusses the past week’s crypto and policy developments in detail and how the changes might impact crypto demand in the coming months. Read on to learn more.

U.S. President Donald Trump gave more details regarding the strategic US Crypto Reserve on March 2, 2025, comprising BTC, ETH, SOL, XRP, and ADA as of now. The announcement pushed the total crypto market cap past $3 trillion. 

The Sunday announcement gave a boost to the crypto market, which was seeing a sell-off for the past couple of weeks, triggered by tariff threats and other non-crypto-specific news. The economic and policy developments in the US had caused institutional investors to pull back, with Bitcoin ETFs bleeding a record $930 million last Thursday. Bitcoin's active addresses have reached a near three-month high, surging to over 912,300, a level last seen in December 2024.

Ethereum dropped 13% last week as the SEC has begun reviewing Grayscale’s Ethereum ETF staking filing. The Memecoin fever is also cooling with Pump.fun, Solana’s meme token hub, seeing fewer launches and thinner volume. 

On the DeFi front, Berachain is making waves, climbing to sixth place in TVL just a month after launch. Meanwhile, Hyperliquid, the DEX, and L1 overtook Pump.fun to claim third place in 7D revenue rankings. Ethereum’s leadership also saw a shuffle, with Hsiao-Wei Wang and Tomasz Stańczak stepping into co-executive director roles.

Trump’s 25% tariff threat on EU imports weighed on markets, tanking U.S. stocks and dragging Bitcoin along for the ride. The S&P 500 hit session lows and crypto felt the heat. Meanwhile, the SEC dropped major cases involving Robinhood, Coinbase, Uniswap, Consensys, and others. Could Bitcoin’s late rebound and the US crypto reserve be the spark for a bull run?

Over the past 24 hours, following the updates regarding the US Crypto Reserve, XRP has surged nearly 22.1%, SOL has risen 16.1%, and ADA has recorded the highest gain at 55.5%. 

Meanwhile, BTC and ETH rose 7.5% and 8.6%, respectively. To sum up, Bitcoin had a rough week, starting at $96,200 before plunging 18% to under $79,000, only to claw back to $92,452. 

Weekly price movement: 

• BTC $91,836  ⏬ 4.44%

• ETH $2,349 ⏬ 13.34% 

• XRP $2.59  ⏫ 4.40% 

• SOL $159.70 ⏬ 0.20%

• ADA $0.9541 ⏫ 28.78% zz

(All data here as of 3.15 p.m., 3 March 2025)

Before we conclude, here’s a quick look at some important news from around the crypto world.

• U.S. President Donald Trump named XRP, Solana (SOL), and Cardano (ADA) as three assets to be included in a U.S. strategic crypto reserve on March 2, providing the first details about what such a reserve may look like. Though Trump did not mention BTC and ETH initially, the president later clarified that “BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve. Read more here.

• The offer and sale of meme coins may not be subject to federal securities laws, the US SEC’s Division of Corporation Finance said in a statement on Feb. 27. Therefore, their transactions do not require SEC registration or exemptions. Still, the SEC warns that not all memecoins are exempt from securities laws. If a project falsely uses the memecoin label to disguise a security, it will be evaluated based on the project’s economic realities. Read more here. 

That’s it for now. Thanks for sticking around.

See you later, folks! 👋

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