Crypto market gains $300 billion in value as Trump reveals national crypto reserve plan

Cryptocurrency Market saw a fast rally, received a price of $ 300 billion in price after US President Donald Trump announced a plan to establish a national crypto strategic reserve,

This step mentioned in an executive order reflects the government’s intention to accumulate digital assets, strengthening the position of America in the global crypto landscape.

Trump’s announcement on 2 March through Truth Social, emphasizing its vision to make America the “Crypto Rajdhani of the world”.

The Executive Order directs the President’s Working Group on digital assets to carry forward plans for the managed crypto reserve of a union, including bitcoin (BTC), atherium (ETH), XRP, Solana (SOL), and Cardano (ADA).

In response, Bitcoin increased by 8% in 24 hours, crossing $ 93,000, while the Etherium increased by 11%.

Between AltCoins, Cardano saw the biggest jump, increased by 66%, followed by Solan 20%and XRP at 28%.

With a market capitalization of $ 163.9 billion, XRP surpassed Tather (USDT) to become the third largest cryptocurrency.

The concept of an American Crypto Reserve marks a change from Trump’s first proposal to keep the first bitcoin.

Instead, the plan suggests an active strategy of depositing many digital assets.

This announcement has created a debate within the Crypto community.

Some argue that bitcoin should be given priority alone due to its safety and decentralization, while others express concern about government control over a crypto reserve, afraid of potential effects on US dollars and regulatory changes.

The initiative has been supported by Republican Senators, who see it as a step towards strengthening the financial situation of America in a developed digital economy, combating China’s dominance with Digital Yuan.

Despite the increase in market value, the investor Bhavna is cautious.

The Crypto Fear and Greed Index, since March 1, lives in the ‘Fear’ region at 33, improving seven points.

Market participants are assessing the long -term implications of federal participation in cryptocurrency management.

Investors are now waiting for further developments at an upcoming crypto summit, where the authorities are expected to provide more information about the structure, regulatory ideas and future policy direction of the reserve.

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