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The Defiant 2025-03-04 02:24:13

Trump’s Crypto Reserve Plans Split the Industry and Whipsawed the Market

United States President Donald Trump confirmed an executive order directing the Presidential Working Group to build a Crypto Strategic Reserve including BTC, ETH, XRP, ADA, and SOL. Following the news, the markets skyrocketed, sending BTC up 12%, SOL up 26%, and ADA up 79% in less than 8 hours. However, the pump was short-lived, and the market gave back all of its gains and some after traditional markets opened on March 3. Within a 24 hour period the total crypto market capitalization increased by $300 billion and then quickly decreased by $350 billion. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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