Trump's announcement of a crypto reserve triggers buying frenzy, Bitcoin rises, Cardano surges.

From Cointelegraph

March 3, 2025 3:05:00 pm:

Cryptocurrency traders were excited on March 2 as President Trump announced a crypto strategic reserve including BTC, ETH, XRP, SOL, and ADA. This triggered a buying frenzy, with Bitcoin rising to $95,000 and Cardano surging over 72%. Trump’s plan will take time as it requires a vote in Congress. CoinShares reported $2.9 billion in outflows from crypto ETPs last week. Bitcoin price analysis shows a potential corrective phase if it slips below $90,000. Ether is range-bound between $2,111 and $4,094, with bears having an edge. XRP is struggling to stay above $3, with a bullish outlook above $3. Solana rebounded off $125 support, facing resistance at $173. Cardano aims for a cup-and-handle pattern above $1.25 on the weekly chart.

Read more at Cointelegraph: Trump crypto strategic reserve coins ‘ADA, XRP, SOL’ dump, Bitcoin follows