Why Is Crypto Market Pumping?
Today, March 2, 2025, will be considered one of the important days in the cryptocurrency space announced by former U.S. President Donald Trump. In a recent article about X (formerly Twitter), Trump did a big thing announcement The government is moving forward using crypto strategic reserves.
The overall cryptocurrency market surged after the announcement, especially XRP, Cardano (ADA) and Solana (Sol), as Trump included these cryptocurrencies in the U.S. cryptocurrency protected areas.
In an article on X, Trump stressed that U.S. crypto reserves will boost this key industry after years of corruption attacks on the Biden administration. In addition, he said: “I will make sure the United States is the crypto capital of the world. We are making America great again.”
As of now, the overall cryptocurrency market has risen by 8%, with top assets such as Bitcoin (BTC), Ethereum (ETH), Solana (Sol), XRP and Cardano (ADA) respectively increasing by 8%, 13%, 25%, 35%, 35%, and 75% in less than 90 minutes respectively.
The announcement has recovered all losses from the cryptocurrency market over the past few weeks. Furthermore, it seems that price rally across the cryptocurrency industry will continue to soar.
