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Cryptocurrency News Articles
U.S. President Donald Trump’s announcement of the Strategic Crypto Reserve shook the markets
Mar 05, 2025 at 11:30 pm
Bitcoin (BTC), Ethereum (ETH) and the made in USA category of altcoins XRP, Solana (SOL), Cardano (ADA) are part of the strategic reserve.
U.S. President Donald Trump’s announcement of the Strategic Crypto Reserve shook the markets and turned traders risk-averse after the pump and dump on Monday. Bitcoin closed February at the most negative returns, at 17.39% decline, for the first time since 2014.
The American crypto tokens, that is, the coins and best performing category in the emerging regulatory clarity for meme coins, AI tokens and cryptocurrencies, top talent and robust infrastructure and support for blockchain innovation under the new administration had traders optimistic. But this quickly turned sour with over $1.07 billion in liquidations in the last 24 hours.
As traders reel from the aftermath of the series of events, they can now look forward to the White House Crypto Summit planned for March 7, Friday.
Top 5 Made in USA altcoins to buy
The top five picks in the made in USA category are based on their price trend and on-chain analysis.
Among other tokens, Pi Network (PI) rose to top 20 tokens by market capitalization in the past few weeks, with notable developments in the project. Hedera (HBAR), Avalanche (AVAX), and Sui (SUI) are the other key tokens in the category.
In mid-February 2025, Nansen analysts reported on the rise of “made in USA” narrative and top tokens in the category, reinforcing U.S. dominance in the crypto ecosystem.
Among the top tokens that feature in the strategic crypto reserve, traders are bullish on XRP, Solana and Cardano. Here’s a breakdown of the buy zones, analysis and price targets for the three altcoins:
XRP price target
The XRP/USDT daily price chart on Crypto.news shows the buy zone for the altcoin is between the 50-day and 100-day Exponential Moving Averages (EMAs), between $2.3020 and $2.5203. The token could test resistance at $3.0030, the upper boundary of an imbalance zone on the daily price chart.
The technical indicators RSI and MACD support a bullish thesis for XRP. RSI is sloping upwards and reads 49, close to neutral. MACD flashes green histogram bars above the neutral line.
The target for XRP price is the $3.40 peak, and the immediate resistance is at the $3.0030 level.
Solana price target
Solana trades at $147.78 at the time of writing. The Ethereum competitor token is close to its long-term support at $150, and a daily candlestick close above this level could signal a likelihood of a rally to resistance at $180.
SOL’s three EMAs, 50, 100, and 200-day EMAs at $182.85, $191.30, and $184.91, are key resistances for the token in its uptrend.
The momentum indicators on the daily price chart support a bullish thesis for Solana, signaling a positive underlying momentum in Solana’s price trend.
Cardano price target
Cardano trades at $0.9973 at the time of writing. The Ethereum competitor’s buy zone is located between $0.9837 and $0.8235, two key support levels for ADA.
ADA is trading above its three long-term EMAs, as seen on the daily price chart. ADA could test resistance at $1.1723, the upper boundary of a Fair Value Gap on the ADA/USDT daily chart. This marks an 18% rally in Cardano price.
The two technical indicators, RSI and MACD support a bullish thesis for Cardano.
What to expect from White House crypto summit
Crypto traders have reacted to announcements from the White House and President Trump, in huge volumes and shifting trends. Whether it is tariff announcements, executive orders or plans for a summit/ event, it has moved markets and volatility in the top two cryptocurrencies, Bitcoin and Ethereum has jumped on the 30-day timeframe.
A key market mover, the White House Crypto Summit on March 7 is coming up and traders are positioning themselves for anticipated price swings. The President and his AI & Crypto Czar, David Sacks, announced plans well in advance and picked industry leaders, executives, and policymakers to participate in the summit.
The purpose is to meet with the members of President Trump’s working group on digital assets at the White House. Policy issues, crypto regulation, support for blockchain innovation, sandboxes and regulatory framework for digital assets will be discussed.
Ripple CEO Brad Garlinghouse,
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Bitcoin Price Surges Past $90,000 as Investors Respond to President Donald Trump's Decision to Delay 25% Tariffs on Canadian and Mexican Auto Imports
- Mar 06, 2025 at 05:10 pm
- The move, which grants a one-month exemption, eased concerns about economic disruption and weakened the U.S. dollar, fueling demand for risk assets like cryptocurrencies.
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