Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
CoinGape 2025-03-09 05:36:53

Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile

Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile

The crypto market concludes another week with unprecedented developments sparking investor enthusiasm. A strategic Bitcoin reserve was announced in the U.S., whilst a crypto stockpile and summit followed. Simultaneously, despite the optimistic developments, BTC and major-league altcoins continued encountering market volatility. Mentioned below are some of the most buzzworthy market updates reported by CoinGape over the past week. Crypto Market This Week Sees US Bitcoin Reserve & Crypto Stockpile U.S. President Donald Trump announced a strategic Bitcoin reserve for America this week. This reserve is expected to encompass roughly 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities. Intriguingly, Scott Bessent and Howard Lutnick have been appointed officials who will focus on potential resources to help the reserve acquire more BTC ahead. Trump revealed that these BTC coins are also not to be sold ahead, offering the reserve more value. Further, the nation expects to see a ‘crypto stockpile’ comprised of assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP ahead, per Trump’s announcement. The main difference between the two sagas is that while the government will put efforts into acquiring more BTC, no active efforts for upsizing the crypto stockpile are to be made. Altogether, these were the major pro-crypto advancements in the U.S. this week. Crypto Summit: What’s The Scoop? Simultaneously, the cryptocurrency market saw a White House crypto summit this week, which was hosted by President Donald Trump and Crypto Czar David Sacks. Notably, Trump showcased strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto businesses. Further, the 47th U.S. President continued reflecting strong support for cryptocurrencies, hinting that the government’s stance is primed to be more favorable for digital assets ahead. Overall, the Bitcoin reserve announcement, crypto summit, and a crypto stockpile launch ahead have sparked noteworthy market optimism. Bitcoin & Altcoins Still Volatile However, despite the broader developments this week, BTC and major league altcoins face crypto market turbulence. BTC price closed the week near $86K after riding a rollercoaster in the past seven days. ETH price lost nearly 2% and closed the week near $2,200. XRP price also faced turbulence and exchanged hands at $2.32 as the week closed, up by only 3% in 7 days. Lastly, SOL price lost 3.5% weekly and rested at $138, in line with the broader market trend. The post Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile appeared first on CoinGape .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
258
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.