U.S. President Donald Trump Announced Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA) Could Be Included in a Strategic Crypto Reserve

On March 2, 2025, U.S. President Donald Trump announced that bitcoin (BTC), ether (ETH), XRP, solana (SOL), and cardano (ADA) could be included in a strategic crypto reserve.

On March 2, 2025, U.S. President Donald Trump announced that bitcoin (BTC), ether (ETH), XRP, solana (SOL), and cardano (ADA) could be included in a strategic crypto reserve.

This statement led to a significant increase in the prices of these cryptocurrencies, particularly on the Coinbase exchange.

The surge in prices was notably reflected in the Coinbase premium, which reached its highest level since early February for XRP, SOL, and ADA. BTC and ETH also traded at slightly elevated prices on Coinbase compared to the offshore exchange Binance.

Recently, President Trump announced the possibility of a strategic crypto reserve to counter the threat of a Bitcoin-backed currency backed by BRICS nations.

While the president didn’t explicitly name any specific crypto assets, he mentioned BTC, ETH, XRP, SOL, and ADA could be included in this reserve.

This statement comes as no surprise considering President Trump’s previous stance on Bitcoin, openly criticizing the lack of attention paid to the cryptocurrency during his first term.

This announcement sparked renewed interest in various cryptocurrencies. The inclusion of BTC, ETH, XRP, SOL, and ADA in this reserve is seen as a significant endorsement of digital assets by a prominent political figure.

Following the announcement, these cryptocurrencies experienced a sharp rally in their market prices.

Key details from the market reaction include:

* BTC price surged by 1.2% in the past hour, reaching $23,668.

* ETH price also rose by 0.8% to trade at $1,587.

* Among the named altcoins, XRP saw the most significant increase with a 2.4% surge, reaching $0.39.

* SOL price went up by 1.9% to trade at $21.4.

* ADA price also experienced an increase of 1.7%, reaching $0.36.

This surge in prices reflects a growing demand for these cryptocurrencies in the U.S. market, as evidenced by their performance on the Nasdaq-listed Coinbase exchange.

The Coinbase premium is a critical indicator for traders, often validating bullish market trends.

The current situation highlights the ongoing volatility and interest in the cryptocurrency sector, especially in light of political endorsements.