A U.S. crypto strategic reserve appears more likely after President Trump's announcement over the weekend, Wall Street bank Citi (C) said in a research report on Monday. The President announced that XRP, solana (SOL) and cardano (ADA) would be included in a strategic reserve, and later added bitcoin (BTC) and ether (ETH) to the list of assets. "The announcement of further plans for the U.S. government potentially to become a strategic holder of digital assets would add to the perceived legitimacy" of the asset class, wrote analyst Alex Saunders. Citi noted that the U.S. government currently holds about $19 billion in cryptocurrencies, mainly in bitcoin, versus $750 billion in gold. The large majority of the government's holdings from seizures are in bitcoin, which means that is likely that the accumulation of other digital assets would be funded by open-market buys, the report said. Still, "selection criteria are not currently clear," and pre-announcing such investments can move prices against an investor, the bank said, adding that this happened to the U.K. government with gold in the late 1990s. Additional clarity on the selection criteria for which tokens are to be included in the reserve would provide more support, the bank said. Broker Bernstein said the Federal Reserve could issue debt or sell some of its gold reserves to fund cryptocurrency purchases, in a report last month. Read more: U.S. Crypto Task Force to Focus on Delivering National Bitcoin Reserve: Bernstein
Bitcoin’s recent price movements suggest a potential shift in market dynamics, as it manages to reclaim a crucial support level. After a turbulent period marked by significant sell-offs and volatility,
Bitcoin price has again entered an uptrend, reaching a $94.9k target earlier in the day. The latest surge is due to the U.S. President announcing a Strategic Crypto Reserve, which has sparked investor interest. However, another significant news is the emergence of a historical pattern, which could push it towards the $180k target. As the investors debate BTC’s future price target, let’s discuss what is coming. Bitcoin Price Rally and the Trump Effect On Sunday, U.S. President Donald Trump announced the formation of the Strategic Crypto Reserve, proving his commitment to his pre-election promises. Although Congress has yet to confirm this, investor sentiments were booming with optimism, sparking a market rally. Trump’s statement read: A U.S. Crypto Reserve will elevate this critical industry… my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. With this announcement, the Bitcoin price surged 11%, hitting a day high of $94.9k. Altcoins like Ethereum, Solana, Cardano, etc, surged as they would be adopted into the U.S. Strategic Crypto Reserve. This move alone could bring BTC price to new highs due to increased institutional adoption, credibility, and regulatory clarity. Interestingly, historical trends also indicate a potential rally. Elliott Wave Analysis Suggests Bitcoin Price to Target $180K A crypto analyst, Tony, pointed out several similarities between the BTC’s current price action and its historical cycle. The analysts used the Elliott Wave theory and found similarities between this token’s 2023 price rally and the ongoing 2025 rally before predicting the $180,000 target. According to the charts, Bitcoin saw expansions in waves 1 and 3, which explains the parabolic rise in both cycles. This rise was followed by a correction to fill the CME gap. Additionally, there was a wave four retest, under which the BTC price retraced to a key support level in both charts. An uptrend formed after filling the significant CME gap. Based on that, the BTC could hit $180,000 if it followed the 2023 wave 5 surge. Interestingly, the Bitcoin price chart analysis revealed a striking resemblance between those two cycles, reinforcing the theory that Bitcoin history does not repeat but rhymes. Will This Rally Continue? Bitcoin has consolidated significantly since its prime and currently trades at $92.6k. Despite this, its trading volume is still high, at $75.06B, after a 240% surge, showing investors’ high interest, which could play a significant role in the continuity of the price rally. However, a few other factors must be considered, especially as analysts warned about the CME gap at $84,650-$94,000. This could be a magnet for the retracement, so investors must watch this level. Additionally, the BTC’s current price action reveals that the token is entering a re-accumulation phase. With that, they could break out to a level at $104,500. Bitcoin History Rhymes, What to Expect? The current scenario reveals that both technical and fundamental factors are fueling the ongoing BTC price rally. After an 11% surge today, the Elliott wave suggests a potential surge to $180k. Interestingly, multiple theories and analysts have predicted the same for 2025, so the credibility of this Bitcoin price prediction is high. However, caution is important due to the high volatility and the CME gaps acting as critical price levels. If history repeats itself, the price will reach $180k in the next few months. The post Bitcoin History Rhymes as Analyst Points Out Similarities with $180K BTC Price Target appeared first on CoinGape .
Bitcoin making comeback on market with surge above
On-chain crypto sleuth ZachXBT just alerted the crypto community to the fact that XRP addresses activated by Chris Larsen still hold $7.18 billion worth of XRP. ZachXBT just posted in his personal Telegram investigations group , alerting his followers to the fact that Ripple ( XRP ) addresses activated by Ripple co-founder Chris Larsen still hold over 2.7 billion XRP, worth approximately $7.18 billion. According to ZachXBT, several of these addresses have been dormant for 6-7 years. ZachXBT’s reminder comes on the heels of the recent announcement by President Donald Trump that XRP, along with Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), and Cardano ( ADA ), would be included in a new U.S. strategic crypto reserve . You might also like: Bitcoin ETF selling cools off, but not thanks to Trump’s strategic crypto reserve, analysts say ZachXBT also pointed out that these addresses moved over $109 million worth of XRP to crypto exchanges, including Coinbase, Bitstamp, and Bybit, in Jan. However, whether the moved XRP was actually sold is unknown. ZachXBT also noted that Larsen had been hacked early last year, resulting in a loss of approximately $112 million. This is not the first time Chris Larsen’s wallet activity sparks concerns over potential XRP dumping. In Sep. 2020, Larsen transferred approximately 500 million XRP (worth around $115 million at the time) to an unknown wallet. Larsen said that this transfer was to the custody provider NYDIG with the aim of beefing up the security of his holdings. However, some community members speculated that such custodial arrangement might facilitate discreet selling of XRP, though no concrete evidence has substantiated these claims. As some of you may have noticed, I moved an $XRP wallet to NYDIG. I’ve known the founders for a while, and am impressed by their security and top notch institutional standards — this is truly custody 2.0. Check them out at https://t.co/lbr8bG1kEe — Chris Larsen (@chrislarsensf) September 22, 2020 You might also like: Who owns the most XRP? Ripple XRP Supply Guide
Crypto Quant CEO, Ki Young Ju says the crypto market is turning into a ‘weapon of the United States’ after Trump announced a U.S. crypto reserve is underway. In a recent post , Ju analyzed Trump’s latest announcement on Truth Terminal which fueled the rise of major tokens listed for the U.S. crypto reserve. He first made a note of Trump mentioning Bitcoin ( BTC ) and Ethereum ( ETH ) two hours after he shared his initial post about the national crypto reserve which only mentioned XRP ( XRP ), Solana ( SOL ) and Cardano ( ADA ). “Can I interpret his tweets this way? “BTC and ETH, show me your strategic value—for me and the USA. I just closed a deal with XRP, SOL, and ADA,” wrote Ju. The post was followed by another where the CryptoQuant CEO stated the crypto market is “increasingly becoming a weapon of the United States.” He noted that since Trump was elected president, crypto is no longer seen as something “illegal” because it now serves to benefit Trump and the U.S. national interest. The crypto market is increasingly becoming a weapon of the United States. Since Trump’s election, universal moral standards have declined. Now, if something benefits Trump and serves U.S. national interests, it is no longer considered illegal. Despite opening the market without… https://t.co/kBQLOywPHe — Ki Young Ju (@ki_young_ju) March 3, 2025 “Ultimately, “coins serving U.S. national interests” are likely to work against every country except the United States. It appears to be a strategy to dominate the crypto market and absorb foreign capital,” said Ju. As a result of this new model, Ju said the way that Trump has endorsed cryptocurrency and integrated it into a tool to make the U.S. “the Crypto Capital of the World” could pose a threat to Bitcoin and Ethereum. You might also like: Cardano rallies over 75% after being named in Trump’s crypto strategic reserve plan Ju believes the agenda being pushed by the U.S. could be “unfavorable” for the two largest cryptocurrencies because BTC and ETH strive to decentralize the financial system and become a tool for public good, not something that serves to benefit specific stakeholders or countries. “Judging by Trump’s recent posts, it seems that Bitcoin and Ethereum are now being signaled as “neither friend nor foe,” he concluded. Though in a separate post, Ju clarified that he did not intend to “judge” the U.S. Instead, he said his analysis came from a feeling of “admiration, [I’m] amazed that a country can move this swiftly.” Trump’s crypto reserve announcement made waves in the crypto space, bolstering $300 billion in crypto market value. Shortly after the announcement, Bitcoin surged 8%, finally recovering from its slump and going beyond $93,000. Meanwhile, Ethereum jumped by 11%. The announcement also triggered a major rally on Cardano, boosting the token as high as 75%. Read more: Cardano rallies over 75% after being named in Trump’s crypto strategic reserve plan
Core Scientific , Inc. (CORZ), a provider of digital infrastructure for high-performance computing (HPC) and bitcoin miner, has announced the appointment of Jim Nygaard as its new chief financial officer, effective Mar. 17.Nygaard, a veteran finance executive, brings extensive experience in M&A, corporate finance, and capital markets from his tenures at XMS Capital Partners and Morgan Stanley, according to a statement on Monday . “Jim’s deep financial expertise and strategic mindset will be instrumental as we continue scaling operations and driving shareholder value,” said CEO Adam Sullivan. Outgoing CFO Denise Sterling, who led the company through its Chapter 11 restructuring and secured over $1 billion in capital, will remain until May 1 to ensure a smooth transition. The transition plan was previously announced on Sept. 6. This comes after Core Scientific announced a $1.2 billion expansion of it's data centers with CoreWeave. The stock is up 2% in pre-market trading but down over 20% year-to-date. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .
On March 3rd, COINOTAG News reported that the White House plans to issue a significant statement today concerning investment strategies. This announcement is closely anticipated, particularly given that President Trump
CME recorded its largest price gap in Bitcoin futures due to Trump's announcement. Experts predict that significant price gaps will eventually close over time. Continue Reading: Bitcoin Futures Prices Spike After Trump’s Strategic Reserve Announcement The post Bitcoin Futures Prices Spike After Trump’s Strategic Reserve Announcement appeared first on COINTURK NEWS .
U.S. president Donald Trump stormed the crypto world on Sunday night with the announcement of a crypto strategic reserve plan that includes XRP, Cardano’s ADA and Solana’s SOL — later adding bitcoin (BTC) and ether (ETH) to the mix. Trump has been discussing the idea of a strategic crypto reserve since his 2024 presidential campaign. Soon after taking office in January, he signed an executive order directing a working group to evaluate the formation of a strategic crypto reserve, but the order did not explicitly mandate that the U.S. establish one outright. The order said the digital assets working group should "evaluate the potential creation and maintenance of a national digital asset stockpile." Trump said on Sunday that the group should "move forward" with formally establishing the reserve. The working group will host a summit on Friday with crypto industry and government representatives. That instantly riled up markets as ADA and XRP shot up as much as 60% and bitcoin reversed a chunk of last week’s losses with a move above the $93,000 level. Traders caution against increasing exposure to the market after the sudden move as concrete details on the reserve are finalized, with all eyes on the first-ever White House Crypto Summit scheduled for Mar.7. While traders remain focused on prices, here’s what crypto industry leaders say about the long-term implications and impact of the possible strategic reserve plans. Hunter Horsely, CEO of Bitwise I imagined a Strategic Reserve would be just Bitcoin. That makes the most sense to me. Many crypto assets have merits, but what we're talking about here isn't a US investment portfolio — we're talking about a reserve, and Bitcoin is the undisputed store of value for the digital age. Of course, I'm grateful the new administration is so constructive on the space. I look forward to learning more about thinking here. Brad Garlinghouse, CEO of Ripple Labs I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry. Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration's SEC’s very broken thinking. I will certainly continue to champion this while in Washington at the end of this week. Brian Armstrong, CEO of Coinbase Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is: 1. Just Bitcoin would probably be the best option - simplest, and clear story as successor to gold. 2. If folks wanted more variety, you could do a market cap weighted index of crypto assets to keep it unbiased. But probably option #1 is easiest Peter Schiff, renowned gold bull and bitcoin critic I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that? Arthur Hayes, founder of BitMEX and Maelstrom Nothing new here. Just words. Lmk when they get congressional approval to borrow money and or revalue the gold price higher. Without that they have no money to buy #bitcoin and #shitcoins. Tracy Jin, COO of MEXC This move signals recognition of cryptocurrencies' value and contribution to the national economy, their role in economic strategy, and the growing recognition of blockchain's potential to drive innovation in the global shift to a digital economy. The U.S. crypto reserve could play an important role in stabilizing volatility, providing legitimacy, and democratizing access to crypto assets. It could also pave the way for clearer regulatory guidelines, which key industry players have long advocated. Historically, strategic reserves have significantly driven demand for commodities like crude oil and gold. Institutional and central bank interest in gold led to a 26% price increase in 2024, and a similar effect could be seen for crypto assets with strong technological foundations and real-world applications.