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news-imageMarch 3, 2025

Bitcoin, ETH and XRP jump as Trump signs crypto reserve order

Bitcoin and four other larger cryptocurrencies reversed a recent slump after Donald Trump announced an executive order to create a "crypto strategic reserve". The executive order on digital assets directed will "move forward on a Crypto Strategic Reserve", the US president said on his Truth Social social media platform on Sunday.
Publisher: Proactive Investors
Sentiment: Positive
BTC
ETH

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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.

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