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news-imageMarch 3, 2025

Key Hurdles Ahead to BTC, ETH, XRP, SOL and ADA US Strategic Reserves

Donald Trump has once again stormed the bearish crypto market with the announcement of US crypto reserves for Bitcoin (BTC) and top altcoins like Ethereum (ETH), XRP, Solana (SOL), and ADA. However, market analysts believe that implementation of the same could be easier said than done.
Publisher: Coingape
Sentiment: Negative
ADA
BTC

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Positive
cover-imageCoindesk
March 3, 2025

Trump's Crypto Reserve Ignites Bitcoin, XRP, ADA

Bitcoin skyrockets 10%, Cardano's ADA up to 60% and Ripple's XRP up to 25% within 24 hours of U.S. President Trump announcing his support for a Crypto Strategic Reserve. Meanwhile, Switzerland's central bank rejects the idea of holding bitcoin reserves and the Ethereum Foundation names two new executive directors.

Negative
cover-imageBenzinga
March 3, 2025

Crypto Czar David Sacks Confirms Selling All Bitcoin, Ethereum, Solana Holdings, Denies 'Large Indirect Holdings'

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.

Positive
cover-imageCrypto Economy
March 3, 2025

Bitcoin Miners Thrive as Network Hashrate Sees Unprecedented Growth

TL;DR Bitcoin's hashrate surpassed 750 EH/s, driven by increased investment in infrastructure and security. Active miners now exceed 4.8 million, strengthening network stability but also increasing mining difficulty. BTC futures open interest reached $25 billion, with a possible rise above $30 billion, which could drive the price higher.

Negative
cover-imageThe Currency Analytics
March 3, 2025

FTX's Solana Liquidation Drives SOL Price Down

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.

Positive
cover-imageUToday
March 3, 2025

Cardano (ADA) on Verge of 30% Breakout as Bulls Take Charge

As news broke yesterday that Cardano (ADA) will be added to the Strategic Reserve of the United States of America, the price of the eighth biggest cryptocurrency surged by over 72% in just one day. Going all the way from $0.645 to $1.1488, ADA rewrote any price prediction that was in place and definitively changed its narrative.

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