Bitcoin dominance falls below 50%, altcoins surge after Trump includes them in US Crypto Reserve.

From Cointelegraph

March 2, 2025 6:19 PM:

Bitcoin dominance fell below 50% after President Trump announced the inclusion of XRP, Solana, and Cardano in the US Crypto Strategic Reserve. Altcoins surged, with Cardano and XRP up 60.3% and 34.7%, respectively, while Bitcoin only rose 10% to $94,220. Trump’s decision to include altcoins received mixed reactions, especially from Bitcoin proponents.

Experts criticized Trump’s move, calling it a “huge political miscalculation” and emphasizing the importance of Bitcoin as the primary asset in a strategic reserve. Some questioned the rationale behind including altcoins like XRP, stating that only assets like Bitcoin should be considered for strategic reserves due to their limited supply and utility.

The newly formed Working Group on Digital Assets, led by Bo Hines and David Sacks, evaluated the decision to include altcoins in the Crypto Strategic Reserve. Trump will host the White House Crypto Summit on March 7 to discuss regulatory policies and stablecoin oversight, with industry leaders invited to participate.

Read more at Cointelegraph: Bitcoin dominance drops below 50% as Trump touts crypto reserve plan