On March 2, 2025, President Donald Trump announced the establishment of a U.S. Crypto Strategic Reserve, aiming to position the United States as the “Crypto Capital of the World.” This reserve includes major cryptocurrencies such as Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The announcement initially propelled Bitcoin’s price to nearly $95,000, marking a substantial surge from prior levels.
However, the euphoria was short-lived. By March 3, Bitcoin price had retraced to around $87,600, erasing the gains from the previous day’s announcement. This rapid reversal underscores the cryptocurrency market’s inherent volatility and the influence of speculative trading.
