The cryptocurrency sector, often unified in its push against traditional financial systems, is facing a deepening rift over President Donald Trump's proposal to create a U.S. strategic reserve of digital assets. What Happened: Unveiled in early March, the plan as ignited fierce debate over its implications for fiscal responsibility, economic equity, and the very ethos of the crypto movement.
The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump's announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP's future trajectory.
President Donald Trump sparked a crypto firestorm on Sunday after his posts on the Truth Social platform referenced a U.S. crypto reserve for the world's biggest economy.
March appears promising for Bitcoin and the broader cryptocurrency market, as a handful of bullish events and historic market patterns are expected to occur in the coming weeks.
As crypto bears turn sour, can XRP's price find its foot despite the market falling into a psychological pitfall?
XRP is at a pivotal moment, with two potential outcomes.
Both cryptocurrency markets and investors show increasing interest in DeFi projects because of their ongoing substantial changes. DeFi token DTX Exchange has received growing interest because its funding round managed to exceed $15.5 million. The token shows more promising prospects than traditional coins like XRP from Ripple according to market analysis.
The XRP network is showing alarming signs of a potential sell-off, with on-chain activity plummeting to dangerously low levels. As traders grow concerned about XRP's weakening fundamentals, many are choosing to offload their holdings and search for better investment opportunities.
Multiple crypto lawyers have theories regarding the U.S. Securities and Exchange Commission's (SEC) ongoing case against the payments firm Ripple. The SEC has dropped several big-name crypto enforcement actions this year, including lawsuits against Coinbase, Kraken, MetaMask and investigations into Robinhood and OpenSea.
Cardano (ADA) is down 6.5% today and 19.7% in the past 24 hours but has managed to keep some of the gains it experienced after Trump included the token in his proposed list for a U.S. digital asset stockpile.
Cardano price is facing bearish pressure, a day after it soared by over 50% following its inclusion in US Strategic Reserves. It has crashed below $1 and erased over $11 billion in value in the last two days.
A prominent crypto analyst has issued a surprising price prediction for a rising Dogecoin (DOGE) rival, Mutuum Finance (MUTM). Currently, Dogecoin (DOGE) is trading at a price of $0.20. MUTM, on the other hand, is now in presale phase 2, where over $2 million have been raised and over 3,800 investors are on board.
Following the announcement of a strategic crypto stockpile containing altcoins, several cabinet members of the Trump administration have drawn scrutiny for their crypto holdings. What Happened: In an X post on Tuesday, market commentator ‘The Pelosi Tracker' noted that Trump's proposed crypto strategic reserve has sparked debate, as several of his cabinet members hold substantial crypto assets.
XRP has erased nearly all of yesterday's gains after Donald Trump's announcement of new tariffs triggered a broad sell-off in global markets.The token had surged 40% over the weekend on speculation that it could be included in the U.S. strategic crypto reserve, but that momentum quickly reversed as risk assets tumbled.
Donald Trump's announcement on March 2 to include XRP in a U.S. strategic reserve alongside Solana and Cardano propelled the altcoin by +34% in 24 hours. A fleeting flash of glory: by the next day, the price retraced 50%, while on-chain data revealed a massive exit of institutional investors.
From calling it a rug pull to demands for a congressional investigation, the chaos is unmatched.
The Dogecoin and Shiba Inu prices have witnessed double-digit crashes in the last few days, sparking a bearish sentiment for the foremost meme coins. This price decline has occurred due to several factors, including Trump's tariffs on Mexico and Canada.
In the opening days of March, the cryptocurrency market experienced a significant degree of volatility.
Crypto prices dropped sharply on March 4, erasing $800 million from the market. The total market cap slipped below $3 trillion, settling at $2.77 trillion, a 9% decline.
Over the past four days, Ripple USD (RLUSD) has not been minted at the stablecoin treasury. Ripple Stablecoin Tracker data shows the payment platform last minted 2,500,000 RLUSD on Feb. 28 at its treasury.
Dog-themed cryptocurrency Dogecoin (DOGE) has slipped below the critical $0.20 level as the broader crypto market faces intense selling pressure at the start of the week.
XRP's inclusion in the crypto strategic reserve is looked at as a monumental step that could bolster the strength of the platform. With this, the price of XRP triggered a massive upswing and cleared a couple of resistance zones at $2.27 and $2.89.
Whale activity, daily address growth, and derivatives data point toward a possible XRP price rally.
Digital asset prices remained stagnant despite renewed interest in altcoins. This month, many institutional and retail traders sold holdings to recover previous positions.
The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump's announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC).
The legal tussle dates back to December 2020 and is among the most intriguing topics in the crypto space.
Ripple's XRP has seen a steep decline, losing over 18% of its value and dropping to $2.30. This sharp drop comes amidst a broader market sell-off, triggered by a brief rally that saw Bitcoin surge to $95,000.
Despite the bloodbath that took place on the "streets" of the crypto market, it seems that this local bear market is far from over. At least that is what the Bollinger Bands for the third largest cryptocurrency, XRP, indicate.
Dogecoin alongside other major digital assets has lost its recent upward momentum as the general crypto market experiences a notable drawback. With the market facing bearish pressure, DOGE seems like it could undergo more decline.
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump's announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties.
Buyers are not ready yet to seize the initiative at the moment, according to CoinStats.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
Cardano witnessed a 60% price surge over the weekend, climbing above $1 on Sunday. The rise came after US President Donald Trump announced his administration's plan to establish a reserve of digital assets, which included ADA.
The cryptocurrency world is going through some big changes right now. DOGE ETF, one of the most famous digital coins that started as a joke, is having trouble. Its price has dropped to $0.20, and plans to create investment funds (called ETFs) for the Dogecoin price aren't moving forward.
Coinbase has been chosen as the custodian for DOGE.
Since President Trump confirmed plans for a US crypto reserve, speculation has been rampant about which assets will be included. While Bitcoin is expected to dominate, many believe that altcoins like XRP, Solana, Ethereum, and Cardano could also be part of the reserve.
Trump's announcement of a strategic crypto reserve, along with a reduction in leverage from Feb. liquidations, may lead to a more sustainable rally in top altcoins, with ADA likely seeing the biggest pump.
XRP price was down about 12% today, wiping off the recent gains it had after Donald Trump's US Crypto Reserve announcement. Notably, Trump's close tie with the Ripple officials and his recent plan to include US-issued assets like XRP, SOL, and ADA, in the Strategic Reserve assets has fueled optimism.
Eric Trump's recent comments on the strategic crypto reserve announcement have sparked mixed reactions, with some praising him while others criticize the Trump family's involvement in the industry. What Happened: In an X post on Monday, Eric Trump expressed gratitude after popular crypto trader AltcoinGordon credited his late-February “buy the dips” advice when Bitcoin (CRYPTO: BTC) dropped below $90,000 on Feb. 25.
Most of these are covered calls, Deribit's Asia business development head said.
Michael Saylor, once a Bitcoin maximalist, now supports a multi-token crypto reserve, including XRP and Cardano. Critics argue that Bitcoin should remain the sole reserve asset, questioning the inclusion of altcoins.
Bitwise advances its Dogecoin ETF plans as NYSE Arca files a 19b-4 proposal with the SEC, aiming to offer regulated exposure to Dogecoin for retail and institutional investors through a direct asset-holding structure. The post Bitwise Dogecoin ETF Advances as NYSE Arca Files 19b-4 appeared first on Cryptonews.
The cryptocurrency market shows fast-changing price movements that forces investors to spend their time chasing next profitability opportunities among assets. The Cardano price jumped by 50% throughout a single day following news about Trump's crypto reserve although the hybrid platform DTX Exchange continues to gain strength.
TL;DR Key Filing Milestone: NYSE Arca has submitted a rule change to list Bitwise's Dogecoin ETF, marking a significant push towards regulated crypto investment. Institutional Backing: The ETF will leverage partnerships with Coinbase as custodian and Bank of New York Mellon for cash custody, integrating traditional finance structures with crypto.
Leading cryptos retreated amid uncertainty around the details of President Trump's crypto reserve plans and upcoming tariffs.
Despite the volatility which still shrouds the cryptocurrency sector, tokens such as Solana (SOL) and Cardano (ADA) continue to attract attention. As we approach March 2025, investors are asking if these particular altcoins will be able to reach or even exceed their peak values.
Over the last 48 hours, the cryptocurrency market has undergone a violent reversal, losing almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have experienced drops of up to 20%, leaving traders perplexed.