The global crypto market is on fire! The total market cap has soared to $3.03 trillion, marking a 6.55% increase in just 24 hours. Trading activity has exploded, with the total volume surging nearly 200% to $206.86 billion. DeFi trading sits at $12.6 billion, while stablecoins dominate the market with $188.67 billion in volume.
The biggest reason? Donald Trump just announced a U.S. Crypto Reserve, prioritizing Solana (SOL), XRP, and Cardano (ADA) before adding Bitcoin (BTC) and Ethereum (ETH). This bombshell news sent prices soaring:
Cardano (ADA) skyrocketed 60% – the biggest gainer of the day!
XRP jumped around 20%
Solana (SOL) surged 12%
Whale activity also went crazy. Just before Trump revealed BTC and ETH were part of the plan, an unknown trader opened a $200 million leveraged position, making massive profits. Was this just luck, or was insider trading at play? Many investors are raising eyebrows.
Trump’s U.S. Crypto Reserve could be a huge step toward mass adoption. This move, backed by his January 23 executive order, signals that crypto might finally get mainstream acceptance and clearer regulations. Trump says he’s doing this to make America a crypto leader and push back against what he calls Biden’s “corrupt attacks” on the industry.
Many experts see this as a major turning point, with potential government backing giving investors more confidence in the future of digital assets.
Bitcoin is on fire, surging 7.82% in the last 24 hours, now trading at $92,711.05! The market cap has jumped to $1.83 trillion (+7.88%), and the 24-hour trading volume has exploded by 223.61% to $73.46 billion.
What’s Driving Bitcoin’s Price Surge?
Trump’s U.S. Crypto Reserve Announcement – The former U.S. president's plan to include BTC in a national reserve has boosted confidence in crypto.
Whale Activity & Institutional Demand – Big players are making massive moves, pushing prices higher.
FOMO & Market Momentum – As BTC approaches all-time highs, more investors are jumping in.
Ethereum is showing strong bullish momentum, rebounding 5% in the past 24 hours. Analysts say ETH could hit $7,000 soon if it breaks key resistance levels:
$3,000 is the first hurdle
$3,600 is the next major target
If ETH holds above $3,600, a massive rally could follow!
Currently, Ethereum is trading at $2,354.20, but with all this hype, it might be gearing up for a major breakout in the coming weeks.
Cardano (ADA) had an insane rally , jumping nearly 60% after Trump included it in the U.S. Crypto Strategic Reserve. The Cardano community is buzzing with excitement, and even founder Charles Hoskinson chimed in, saying, “Good things are coming.”
With ADA leading today’s crypto surge, investors are feeling more bullish than ever.
The Crypto Fear & Greed Index has improved from 26 to 33, showing that fear in the market is starting to ease. Just a week ago, the market was neutral at 49, so sentiment is slowly recovering.
The crypto market is booming, fueled by Trump’s unexpected U.S. Crypto Reserve announcement. ADA, XRP, and SOL are flying, Ethereum is building momentum, and Bitcoin could soon follow. With government-backed crypto reserves on the horizon, is this the start of a historic bull run?
Also read: Tomarket Daily Combo 04 March 2025: Boost Your Earning
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
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