Bitcoin, Ethereum and Solana Falling as Trump US Crypto Reserve Hype Cools
The Trump pump may prove to be short-lived, as Bitcoin, Ethereum, and other major assets are cooling off following Sunday's surge.
Keep up with what's happening in the crypto world in real-time.
The Trump pump may prove to be short-lived, as Bitcoin, Ethereum, and other major assets are cooling off following Sunday's surge.
Here's the summary of the top three crypto news stories over the past weekend presented to you by U.Today.
BNB Chain is implementing significant upgrades to Binance Smart Chain to handle increasing meme coin activity, including transaction throughput improvements and a $4.4 million liquidity program.
White House-appointed ‘Crypto Czar' David Sacks confirmed that he liquidated all his cryptocurrency holdings—including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL)—before joining the administration. What Happened: In an X post on Monday, Sacks cited a Financial Times report detailing his crypto holdings.
Solana has maintained its lead in decentralized exchange trading volumes for five consecutive months, according to DefiLlama data. Solana (SOL) has maintained its lead in DEX trading volumes for five consecutive months, according to DefiLlama data.
Solana (SOL) has found itself at a crossroads as the cryptocurrency faces significant pressure from the liquidation of 11.2 million SOL tokens tied to FTX's bankruptcy. The unlock, which took place on March 1st, has raised concerns of a potential sell-off, with tokens valued between $1.5 billion and $2 billion now entering the market.
The rivalry between Ethereum and Solana has taken a new twist with the current outlook of the DEX metrics over the past month. According to data from DeFiLlama, Solana has retained the top spot per DEX volume in the past 24 hours.
The bulls are dominating today, according to CoinStats.
Solana has jumped by 11% in the past 24 hours, with its rally back to $159 coming after US President Donald Trump mentioned SOL as one of the coins likely to gain entry in a potential crypto strategic reserve. The post Trump's ‘Crypto Strategic Reserve' Names Solana – Can SOL Reach $10,000? appeared first on Cryptonews.
Donald Trump's decision to include select cryptocurrencies in the U.S. Crypto Strategic Reserves has stirred intense debate in the crypto space. According to CryptoQuant CEO Ki Young Ju, the U.S. is now using the crypto market as a strategic tool, especially for its national interests.
Trump aims to establish a U.S. Crypto Reserve to revitalize the digital asset industry. He claims it will counter “corrupt attacks” by the Biden Administration.
The cryptocurrency market erupted after Donald Trump announced the formation of a U.S. Strategic Crypto Reserve, placing key assets like XRP, Cardano , and Solana in the spotlight. Posting on Truth Social, Trump declared his ambition to make the U.S. the “Crypto Capital of the World”, sending shockwaves through the digital asset space.
The crypto market registered a sharp recovery on Sunday after President Donald Trump announced the names of cryptocurrencies to be included in the strategic reserve. As a result, the crypto market cap surged nearly 9% to reclaim the $3 trillion mark and move to its current $3.08 trillion.
Ripple's XRP and ethereum rivals solana and cardano—all regarded as U.S.
Solana marks a quick recovery with a fresh breeze of recovery and a sentimental shift for the altcoin. The SOL price bounces off from $135 to reach the $180 supply zone. Will this recovery drive Solana beyond $200?
Recent weeks have been turbulent in the cryptocurrency market, and Solana (SOL) wasn't spared the turmoil as it collapsed 55.25% from January 19 highs at $284.85 to February 27 lows at $127.47, only to recover marginally to $161.54 by press time on March 3.
Following President Trump's announcement on the Crypto Strategic Reserve on this Truth Social account on Sunday, the entire crypto market has blown skywards. Has this announcement put $ETH, $XRP, and $SOL back on track?
While the idea of a reserve had been floated before, this marks the first time specific altcoins were highlighted, analysts told Cointelegraph.
MetaMask is developing a multichain API that will allow dApps to connect to multiple blockchains simultaneously, both EVM and non-EVM.
Trump's crypto bombshell sent markets surging, with XRP, SOL, and ADA leading the charge before Bitcoin and Ethereum were added.
Solana (SOL) token has witnessed a dramatic price surge that has surprised investors. The token was previously in a severe downtrend due to rising meme coin controversies and declining investor interest.
It happened – Donald Trump named five cryptocurrencies that will form the US strategic reserve. Beyond Bitcoin ($BTC), the US government will buy Ethereum ($ETH), Solana ($SOL), Cardano ($ADA), and XRP ($XRP).
It happened – Donald Trump named five cryptocurrencies that will form the US strategic reserve. Beyond Bitcoin ($BTC), the US government will buy Ethereum ($ETH), Solana ($SOL), Cardano ($ADA), and XRP ($XRP).
Anatoly Yakovenko, co-founder of the Solana project, has recently referred to the current state of bitcoin and its utility. On social media, Yakovenko stated that BTC had no value and could be considered insurance “in the best light.