Oh my, what a day it has been in the wacky world of cryptocurrency! 🤯 As Bitcoin staged a dramatic comeback, leaping above the $90,000 mark like a kangaroo on a pogo stick, some altcoins decided to join the party and show off their best dance moves. 💃
And the star of the show? Cardano‘s (ADA) token, which skyrocketed a whopping 43% in just 24 hours, leaving everyone else in the dust! 🚀 It’s like it had a pair of rocket boots on and was blasting off into the stratosphere. According to CryptoMoon Markets Pro data, ADA was trading above $0.95 at 10:15 am UTC on March 3, making all its fans do the happy dance. 🎉
But ADA wasn’t the only one getting in on the action. Solana (SOL) and XRP (XRP) also decided to join the fun, with XRP rising a respectable 15% and SOL jumping nearly 12% on the daily chart. Not bad, not bad at all! 😊 Bitcoin (BTC), on the other hand, was like the cool kid in school, rising a mere 7.3% and looking all smug about it. 😎
So, what was behind this sudden surge? Well, it all started when US President Donald Trump announced that his Working Group on Digital Assets had decided to include these three altcoins in the US crypto strategic reserve. Talk about a vote of confidence! 🙌
Marcin Kazmierczak, co-founder and chief operating officer of blockchain oracle provider RedStone, had this to say about the rally: “The primary reason [behind the rally] is Trump including these three coins in the US reserves. Soon after he followed with a tweet confirming BTC and ETH would obviously be the core of the reserve.” Ah, the power of a presidential tweet! 📱
“The primary reason [behind the rally] is Trump including these three coins in the US reserves. Soon after he followed with a tweet confirming BTC and ETH would obviously be the core of the reserve.”
But Kazmierczak also pointed out that community support played a big role, especially for ADA and XRP, which already had a loyal following that could attract more retail investors. It’s like they say: “the more, the merrier!” 🎉
And what does this all mean for the crypto market? Well, it could be the end of the previous market capitulation, which saw 24% of the top 200 cryptocurrencies fall to one-year lows. CryptoMoon reported on this back on Feb. 20, and it looks like things are finally starting to look up! 🌞
Juan Pellicer, senior research analyst at IntoTheBlock crypto intelligence platform, had this to say about Trump’s announcement: “While the idea of a reserve had been floated before, this marks the first time specific altcoins were highlighted, suggesting that the plan extends beyond Bitcoin and likely emphasizes U.S.-based crypto projects.” Ah, the plot thickens! 🤔
“While the idea of a reserve had been floated before, this marks the first time specific altcoins were highlighted, suggesting that the plan extends beyond Bitcoin and likely emphasizes U.S.-based crypto projects.”
And let’s not forget Trump’s previous promise to establish a “strategic national Bitcoin stockpile” at the Bitcoin 2024 conference in Nashville, Tennessee. He told the audience: “It will be the policy of my administration — the United States of America — to keep 100% of all the Bitcoin the government currently holds or acquires into the future. We will keep a hundred percent.” Talk about a bold move! 💥
“It will be the policy of my administration — the United States of America — to keep 100% of all the Bitcoin the government currently holds or acquires into the future. We will keep a hundred percent.”
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2025-03-03 15:04