Bitcoin has slumped around 7% over the past month, but it’s up nearly 50% over the past year.
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President Donald Trump on social media on Sunday, March 2, 2025 announced the addition of select crypto tokens to newly formed US Crypto Strategic Reserves, which shook the digital token markets, with select assets soaring up as much as 75 per cent in the last 24 hours.
Cryptocurrency prices surged Sunday after President Donald Trump announced certain digital assets that would be included in his proposed U.S. strategic crypto reserve in 2025.
BTCUSD-2.47% rose about 10%, peaking at $94,821 on Sunday evening, and Ethereum.
ETHUSD-6.94% added about 12%. Ripple.
XRPUSD-11.18% jumped 30%, Solana.
SOLUSD-8.42% rose 20% and Cardano.
ADAUSD-8.84% skyrocketed more than 50% after Trump specifically mentioned them. After plateauing, prices started to pull back slightly Sunday night, with bitcoin dipping below $93,000.
In a post Sunday morning on Truth Social, his social-media platform, Trump said his executive order on digital assets will “move forward on a Crypto Strategic Reserve that includes XRP, SOL and ADA. I will make sure the U.S. is the Crypto Capital of the World.”
He included bitcoin and ethereum in a follow-up post. “And obviously BTC and ETH, as other valuable Cryprocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum!”
After once dismissing cryptocurrencies as a “scam,” Trump has come to embrace the industry, and has touted his own meme coins and NFTs. The Trump administration is widely expected to be more crypto-friendly than the Biden administration, which had sought more regulation for the industry. Trump first floated the idea of a national strategic crypto reserve last summer at a bitcoin conference.
Trump is hosting a crypto summit at the White House on Friday, as the president and his crypto czar, David Sacks, will welcome “prominent founders, CEOs and investors from the crypto industry.”
Despite that, bitcoin just had its worst monthly performance since February 2022, in part because of investor uncertainty over Trump’s trade policies.
After peaking at an all-time high of $109,225 on Jan. 20 — Trump’s inauguration day — bitcoin fell below the $80,000 threshold last week for the first time since early November.
