On Sunday, March 2, 2025, the leading cryptocurrency in the world took a leap — its price surpassed $93,800 (as of the time of writing), which is over $15,000 higher than on Friday, February 28, when it was $78,400. This represents an increase of approximately 19.6%.
Analysts attribute this surge to a statement made by U.S. President Donald Trump regarding the establishment of a strategic reserve for cryptocurrencies.
“The data indicates that this increase is driven by demand in the spot market rather than speculation, suggesting a healthy, organic movement. The Spot Cumulative Volume Delta (CVD) shows that buyers are becoming more active, as net inflows into the spot market exceeded $200 million in the last hour. Meanwhile, open interest in futures has decreased, further confirming that this rise is due to actual purchases rather than speculative trading with leverage,” as noted in a report by Coindesk.
In his statement, Trump identified XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies that will be included in the reserve, later adding that Bitcoin (BTC) and Ethereum (ETH) will also be part of it.
In the wake of this announcement, XRP skyrocketed in just one hour from $2.23 to $2.96 (according to data from coinmarketcap.com); Solana jumped from $140.8 to $177.88; Cardano rose from $0.64 to $1.12; and Ethereum increased from a Sunday low of $2.18 to $2.50. The upward trend is still ongoing.