A trader banked $6.8 million from leveraged longs on Bitcoin and Ether. Many of those positions were exited shortly after US President Donald Trump confirmed crypto reserve plans.
Ethereum price started a fresh increase from the $2,080 zone. ETH is now back above $2,400 and facing hurdles near the $2,550 level.
A gap of more than $10,000 has opened up on CME Bitcoin futures following the massive market move over the weekend.
Bitcoin price started a fresh increase from the $78,000 support zone. BTC must clear $95,000 to continue higher in the near term.
Recently, President Trump's announcement of a U.S. Crypto Strategic Reserve has sparked a huge surge in crypto prices, with the market cap jumping nearly 20% since last Friday! On Sunday, Trump took to social media to announce he'd signed an order for a Crypto Strategic Reserve, including XRP, SOL, and ADA.
Brian Armstrong said while he was still forming an opinion, including only Bitcoin in the reserve would 'probably be the best option.'
BTC's rally to the upside remains pending, as market cohorts aren't aligned.
The euro rebounded from a 2-1/2-week low against the U.S. dollar on Monday and sterling also advanced with Europe taking the lead in a renewed push for peace in Ukraine.
President Donald Trump has announced the creation of a U.S. strategic cryptocurrency reserve. The president's announcement Sunday (March 2) caused a rally in crypto prices, which had been on a downward trend following recent record highs.
Bitcoin was trading up a fifth from last week's lows on Monday and several other cryptocurrencies that U.S. President Donald Trump said would be included in a new U.S. strategic reserve also rallied sharply.
XRP surges as Trump announces a US Crypto Strategic Reserve, fueling speculation on SEC case resolution and potential XRP-spot ETFs.
A closely followed crypto analyst says deep-pocketed investors are loading up on the leading smart contract platform Ethereum (ETH). Citing data from crypto analytics firm Santiment, trader Ali Martinez tells his 129,100 followers on the social media platform X that Ethereum whales accumulated over $422 million worth of ETH in just one day.
Asian share markets dithered on Monday as the threat of imminent tariffs lurked in the background, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies.
Retail and institutional participation remain low, signaling fragile momentum.
Bitcoin is at a crucial price point, and Michael Saylor, executive chairman of Strategy, has reaffirmed his bullish stance by calling Bitcoin digital energy. Strategy, formerly MicroStrategy, continues its aggressive Bitcoin accumulation, purchasing 20,356 BTC between Feb. 18 and Feb. 23 at an average price of $97,514.
Cryptocurrencies surged Sunday after U.S. President Donald Trump fulfilled a campaign pledge to establish a U.S. Crypto Reserve, boosting investor confidence. Trump announced on Truth Social that the reserve would include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Bitcoin soared to $93,863.5 by 12:40 (17:40 GMT) on Sunday, marking a 10.15% gainthe largest one-day percentage jump since November 2024. The surge boosted Bitcoins market cap to $1.83 trillion, representing 59.27% of the total cryptocurrency market.
Ethereum (ETH) experienced a strong rally, rising 10.64% to $2,445.00 on Sunday, marking its biggest single-day gain since November 6, 2024. The surge pushed Ethereums market cap to $271.63 billion, accounting for 9.18% of the total crypto market.
EOS saw a significant surge on Sunday, climbing 10.41% to $0.6095, marking its biggest one-day percentage gain since January 3. The rally pushed EOSs market capitalization to $916.3 million, accounting for 0.03% of the total cryptocurrency market.
Cardano (ADA) soared 13.94% to $0.7236 by 10:26 (15:26 GMT) on Sunday, marking its biggest one-day gain since November 22, 2024. The rally pushed Cardanos market cap to $22.81 billion, representing 0.81% of the total cryptocurrency market.
XRP has recovered from recent lows and shown indications of recovery. However, a strong bullish reversal cannot yet be confirmed by this upward momentum.
The timing of the trade has raised speculation, given the trader scaled into Ethereum longs just minutes before Trump's announcement.
Bitcoin's price recovered by 101% to trade at $94,003 on March 2, climbing out of the technical bear market, according to CryptoSlate data. Altcoins have also recorded massive gains on Sunday, with XRP up over 37% to $2.94108 over the past 24 hours.
The inclusion of altcoins in Trump's US Crypto Strategic Reserve announcement sent Bitcoin up 10% but dented its dominance over altcoins.
XRP, ADA and SOL rallied after President Trump's post about a crypto strategic reserve. Will other altcoins latch on and rally too?
March has always been a weak month. Will it be different this time?
Ethereum price surged 15%, climbing from $2,200 to $2,550 within a frenetic one-hour period on Sunday, March 2, after Trump confirmed ETH's inclusion in the official Crypto Strategic Reserve. Ethereum (ETH) Price Soars 15% as Trump Confirms ETH Inclusion in Crypto Reserve Ethereum price action came under intense scrutiny over the weekend as markets reacted
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week's edition, the International Monetary Fund (IMF) approves a $1.
Bank bailouts, manipulation, and a looming collapse—Kiyosaki's warning to investors.
Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad”, is making headlines again with his criticism of the US dollar. In a recent social media post, he called the currency a “scam” and warned about the dangers of relying on the traditional banking system.
Roger Ver, once known as “Bitcoin Jesus” for his early and enthusiastic promotion of Bitcoin (BTC), now faces serious legal trouble that has fueled heated debates within the cryptocurrency community. Ver has been indicted on charges of alleged tax fraud, and if convicted, he could face a life sentence.
A liquidity-driven surge for SOL remains unlikely, diminishing the impact of the recently minted 250 million USDC.
It was a tough week for the largest digital asset, but can things change in early March?
United States President Donald Trump has directed his Presidential Working Group on Digital Assets, led by executive director Bo Hines, to move forward on a Crypto Strategic Reserve.
White House Crypto Czar David Sacks has endorsed President Donald Trump's U.S. Crypto Strategic Reserve, highlighting its inclusion of bitcoin and other top cryptocurrencies to position the U.S. as a global leader.
At one point early Sunday, if the price of ETH had fallen only $54 more, the trader would've been liquidated for millions of dollars.
Bitcoin has recently experienced a significant dip, pushing its price below the cost basis for short-term holders (STHs) – those who have held the cryptocurrency for less than 155 days. As a result, many of these holders are currently at a loss.
The Ethereum Foundation has announced a significant shake-up in its leadership ranks, appointing two new co-executive directors as it embarks on a fresh strategic direction. Hsiao-Wei Wang and Tomasz Stańczak will jointly take the helm of the non-profit that stewards Ethereum's development, replacing the sole executive role previously held by Aya Miyaguchi.
Tokens traded at a notable premium on Coinbase relative to Binance after Trump announced strategic crypto reserve.
Swiss National Bank (SNB) President, Martin Schlegel, rejected Bitcoin as a nation's currency, claiming that the asset is too volatile. Schlegel, president of SNB since October 2024, prefers assets like gold or bonds because they can bring stability to a volatile market.
Polymarket bettors give a BTC reserve a better chance of becoming a reality in 2025, but still aren't sure about it.
Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), announced impressive profits of $2.6 billion generated by the company's bitcoin investments over the first two months of 2025. This result validates his strategy of massive accumulation, despite recent market turbulence.
Both Bitcoin and Ethereum are flying high Sunday after President Trump confirmed both will feature in a planned national crypto reserve.
March 2 witnessed an 10.6% leap in bitcoin's value relative to the dollar, propelled by a social media declaration from former U.S. President Donald Trump about a proposed digital asset reserve and a subsequent nod to the cryptocurrency. At publication, BTC traded at $94,443 reaching a high of $95,064.
Bitcoin and the crypto market at large are surging as President Trump announces that the US will establish a “crypto strategic reserve.” On Truth Social, Trump says the reserve will include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).
On March 2, 2025, American President Donald Trump announced the creation of a "Strategic Cryptocurrency Reserve" specifically including XRP (Ripple), SOL (Solana), ADA (Cardano), BTC (Bitcoin), and ETH (Ethereum). This initiative aims to strengthen the crypto industry in the United States, following what Trump describes as "corrupt attacks" from the previous administration.
The longest bull run in history predicted to be underway; here's what to know
Trump has officially confirmed plans to establish a U.S. Crypto Reserve, expanding beyond Bitcoin to include altcoins like XRP, Solana (SOL), and Cardano (ADA).