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news-imageMarch 5, 2025

Donald Trump's Bitcoin, Ethereum, XRP Reserve Is 'Imperfect' But Bullish, Says Bitwise's Matt Hougan

Bitwise Chief Investment Officer Matt Hougan on Wednesday that despite a bumpy rollout, President Donald Trump's strategic crypto reserve announcement remains bullish for the market, a view tempered by industry critique over its scope. What Happened: Unveiled on Sunday, the reserve—set to include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), and Cardano (CRYPTO: ADA) triggered a swift market reaction, with Bitcoin climbing from $85,000 to $95,000 before relinquishing all gains by Monday.
Publisher: Benzinga
Sentiment: Positive
BTC
ETH

More News Articles

Positive
cover-imageBitcoin
March 5, 2025

BTC Price Analysis: Bulls Eye $95K as Key Resistance Levels Tighten

Bitcoin vaulted to $90,106, reflecting a $1.78 trillion market valuation and $52 billion in daily trading activity, as price volatility danced between $86,415 and $90,917—a microcosm of a market balancing consolidation with latent ambition. BTC Bitcoin‘s daily chart scrutiny unveils a prolonged uptrend birthed in late 2024, peaking near $109,356 per BTC before retreating.

Negative
cover-imageThe Currency Analytics
March 5, 2025

XRP Faces Growing Sell Pressure, Price Drop Likely

XRP, one of the top cryptocurrencies, is currently facing increasing selling pressure, raising concerns over a potential price drop. After experiencing significant gains in recent days, XRP's upward momentum seems to be waning as a growing number of new market entrants begin selling their holdings.

Positive
cover-imageBitcoinist
March 5, 2025

XRP Active Addresses Soar 620% As Price Volatility Continues

On-chain data shows activity on the XRP network has registered a large spike over the past week as volatility has engulfed the market. XRP Active Addresses & Volume Have Shot Up Recently In a new post on X, analyst Ali Martinez has discussed about the latest trend in the Active Addresses of XRP.

Neutral
cover-imageCryptoSlate
March 5, 2025

Bitcoin must conquer $92k to build upwards momentum, $70k key zone for support

Bitcoin's (BTC) price action remains centered around critical levels, with $92,000 acting as a necessary threshold for upward momentum and $70,000 emerging as a key support zone, according to a recent Glassnode report. The report highlighted that price structure and on-chain data indicate strong confluence at these levels, shaping the broader market outlook.

Neutral
cover-imageBenzinga
March 5, 2025

Bitcoin, Ethereum, XRP, Dogecoin Rise But 'Bulls Are On Borrowed Time': Reclaiming $90,000 Could Trigger A Major Deviation

Crypto markets are trending higher as investors anticipate Friday's crypto summit. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $89,787.93 +2.3% Ethereum (CRYPTO: ETH) $2,212.47 +3.3% Solana (CRYPTO: SOL) $145.22 +2.5% XRP (CRYPTO: XRP) $2.50 +0.9% Dogecoin (CRYPTO: DOGE) $0.2036 +2.4% Shiba Inu (CRYPTO: SHIB) $0.00001324 +1.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 8.2%.

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