Cardano (ADA) Price Soars 65% on Ground-Breaking Announcement of a Mixed Crypto Federal Reserve

The ground-breaking announcement of a mixed crypto federal reserve in the making has transcended into double-digit rebound rallies for the altcoins in question.

The ground-breaking announcement of a mixed crypto federal reserve in the making has transcended into double-digit rebound rallies for the altcoins in question.

As Solana (SOL) and Ripple (XRP) recovered their major support territories, Cardano (ADA) emerged as the largest gainer with a 65% uptick all the way to $1.13, minutes after midnight UTC time on March 3, 2025.

Claiming a new monthly peak, Cardano (ADA) was just 10 cents away from the yearly high of $1.23, registered on December 7, 2024. However, the popular Layer-1 altcoin retraced back below $1 after hitting new monthly highs, boosted by a hefty 24-hour trading volume of $9.6B on Spot markets.

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Now, the crypto community is looking forward to the inaugural White House crypto summit, which is scheduled for this Friday, March 7, 2025. In a late February press release, the White House disclosed that prominent crypto industry figures will be engaging in roundtable discussions with the Biden administration on topics such as digital asset policy, Web3 innovation, and emerging technologies.

NEW: The White House to host "crypto summit” this week

One of the key figures in the guest list is expected to be Charles Hoskinson, the founder of Cardano (ADA) Layer-1 blockchain. On top of that, a previous business meeting in Florida attendee pledged on social media that Mr. Hoskinson might be on track for a crypto-related role in the White House.

Is Cardano Price Regaining Bull Power?

Today’s 65% upswing for ADA on the surprise move by Donald Trump’s U.S. government came off with a soft market correction, but bounced off from the intra-day lows of $0.94 to $0.9734 at the time of publication.

According to technical analysis, Cardano (ADA) price is seeing record-high levels of crypto bull power since November 23, 2024. With the Bull Bear Power (BBP) index pointing above 0.51 on March 3, 2025, this indicator, which measures the strength of the latest bull or bear trends, is confirming a bullish breakout with a formula of smoothed out moving averages (MA).

Aside from the recovered bull strength, largest Cardano (ADA) holders, otherwise known as whales, provided a large inflow of money yesterday, pushing the Chaikin Money Flow (CMF) index to 0.37, a buying power unprecedented on Cardano’s price since November, 2023. Today, the inflows continued at a slower pace, as the CMF index flashed 0.20 at the time of this publication.

On The Flipside

Donald Trump’s team is trying to follow up on the plans to establish a U.S. Bitcoin reserve with the addition of a selection of alternative currencies, marking a breakthrough in altcoin adoption.