The market exploded after Trump’s decision. Cryptocurrency prices are rising rapidly
The US form a cryptocurrency reserve. XRP, Cardano and Solana join Bitcoin and Ethereum, and the market explodes – prices are rising at a rapid pace!
On Sunday afternoon the cryptocurrency market survived a real earthquake. Former US president, Donald Trump, announced the creation of a strategic cryptocurrency reserve, in which, in addition to Bitcoin and Ethereum, there were also XRP, Cardano (ADA) and Solana (SOL). This decision immediately echoed on the digital assets market, causing rapid increases in prices and an avalanche of speculation about the future of cryptocurrencies in the United States financial policy.
Strong increases on the cryptocurrency market
Information about the creation of a cryptocurrency reserve quickly influenced the value of digital assets. Within a few minutes, the Cardano exchange rate increased by 33%, crossing the key limit of $ 1. XRP noted a 12 % jump, reaching a price of $ 2.8 on Binance. Solana also recorded a double -digit growth, and Bitcoin exceeded the level of $ 91,000, growing by over 3% per hour.
What does cryptocurrency reserve for the market mean?
The decision to create an official reserve of digital assets by the US is a breakthrough moment in the history of cryptocurrencies. This action aims to increase market control and strengthen the position of the United States as a leader in blockchain technology.
“BTC and Eth is an obvious choice, but taking into account other leading cryptocurrencies, such as XRP, Cardano and Solana, shows that we are thinking about the future,” commented Donald Trump.
Lavina liquidation on the market
A sudden price leap led to mass liquidation on the time market. Within an hour, investment positions worth $ 160 million were liquidated. Long positions dominated, which suggests that investors are counting on a further increase in the value of cryptocurrencies.
Hossa or temporary euphoria?
Experts are wondering if we are dealing with the beginning of a long -term upward trend or just a temporary outbreak of optimism. One thing is certain – the beginning of March 2025 will sign up as one of the most dynamic periods in the history of the cryptocurrency market.
