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news-imageMarch 3, 2025

Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week?

Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump's announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH.
Publisher: NewsBTC
Sentiment: Positive
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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.

Neutral
cover-imageBenzinga
March 3, 2025

Analysts Doubt US Crypto Reserve Expansion Beyond Bitcoin, Cite Funding Challenges

Analysts at Bernstein have raised concerns that expanding the proposed U.S. Crypto Strategic Reserve to include blockchain assets beyond Bitcoin (CRYPTO: BTC) using Federal Reserve or Treasury funds faces significant hurdles, despite a bullish market response to President Donald Trump's weekend announcement. The reserve, unveiled ahead of Trump's Crypto Summit scheduled for Friday, includes five digital assets—Bitcoin, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), and Cardano (CRYPTO: ADA)—sparking debate over its feasibility and funding.

Positive
cover-imageCointribune
March 3, 2025

Strategic Bitcoin Reserve: Coinbase CEO Disagrees With Donald Trump

Donald Trump's announcement regarding the creation of a national cryptocurrency reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), has stirred reactions within the crypto industry. While this initiative aims to strengthen the position of the United States as a sector leader, Coinbase CEO Brian Armstrong believes that a reserve composed solely of Bitcoin would be the best option.

Positive
cover-imageBitcoin
March 3, 2025

Bitcoin Soars as Trump Makes Surprise Announcement

President Donald Trump injected a shot of enthusiasm into crypto markets on Sunday when he announced the five cryptocurrencies that will comprise his U.S. strategic crypto reserve. Trump Announcement Triggers Bitcoin Surge Bitcoin's price experienced a 10% surge following President Donald Trump's announcement of a U.S. strategic cryptocurrency reserve.

Positive
cover-imageBenzinga
March 3, 2025

Bitcoin, Ethereum, XRP Consolidate After Trump Strategic Reserve Announcement

Prominent pseudonymous crypto trader Eugene Ng Sio is eyeing a measured approach to the current market conditions following President Trump's strategic cryptocurrency reserve announcement that sent Bitcoin (CRYPTO BTC) above $94,000 on Sunday. What Happened: Major cryptocurrencies have slightly retraced following the Sunday rally, with all proposed ‘reserve cryptocurrencies' trading above Friday's highs.

Positive
cover-imageUToday
March 3, 2025

Bitcoin (BTC) Back Above Most Important Level of 2025

Bitcoin's market momentum might finally change thanks to a strong and rapid comeback above an important support level. The sideways channel formed previously was not breached, which leaves the possibility for a substantial price reversal open for the future.

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