Despite the Uncertainty, Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) are Down by 13-38%

Bitcoin is down 25.15% since its ATH of $109,140 it achieved in late January but its recent inclusion into the government-owned crypto reserve by President Trump could help it break out of the negative trend it faced

The broader cryptocurrency market cap briefly exceeded $3 trillion at the start of February. However, the market dipped to $2.63 trillion by February 28th as investors entered a selling frenzy.

While President Trump’s announcement of the upcoming strategic crypto reserve helped the market recover on March 2nd, the rebound was short-lived, and cryptocurrencies are now collectively valued at $2.65 trillion again.

Despite being included in Trump’s strategic crypto reserve, Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL) are all down by 13-38% over the past 30 days as the market entered extreme fear territory marked by a score of 15/100 on the Fear and Greed Index. The only one defying the negative trend out of Trump’s picks is Cardano (ADA), which boasts growth of 4.40% over the past month.

However, seasoned investors and experts are optimistic about the market’s bottom, with some believing that Bitcoin and leading altcoins are at or near their bottom, anticipating a rebound and advising their followers to hold. Plus, some experts are confident that Solaxy (SOLX), a project still in its presale, is preparing to explode on launch thanks to its ties to Solana.

Bitcoin (BTC)

Bitcoin is down 25.15% since its ATH of $109,114 it achieved in late January but its recent inclusion into the government-owned crypto reserve by President Trump could help it break out of the negative trend it faced since.

Trump’s latest executive order also put a stop to US agencies selling Bitcoin, meaning the approximately 200,000 government-owned BTC will form the backbone of the reserve.

Bitcoin is currently priced at $81,664, which charts analyst Dyme believes is close to the token’s key support level of $80,215. Although the analyst doesn’t expect a tremendous soar, he believes Bitcoin won’t dip below $80,000, anticipating a surge to the $89,000-$90,000 range over the week instead.

Expecting a key support to hold at $80,215.

Could see a move to $89k-$90k next week if support holds and we close above the 200-dma.

Expecting a strong bounce if support holds.

Still have a lot of room to go on the uptrend if we can close above the 200-dma.

Crossing the $83,279 mark would place Bitcoin’s price above its 200-day Simple Moving Average (SMA), leaving room for long-term gains that could be enhanced by additional investment into BTC by the US government according to the increasingly popular “BTC Act.”

Ethereum (ETH)

Ethereum, the largest altcoin, entered Q1 2025 strong, maintaining prices above $3,000 throughout January and dipping to $2,500 by late February amidst a market-wide downturn.

However, now it is experiencing substantial bearish pressure, as it broke below its support at $2,200 and is currently testing critical support levels above the $1,900 mark.

Despite Ethereum’s poor performance over the past two weeks, crypto expert Bitbit believes the leading altcoin’s future shouldn’t be speculated on based on its weakness this weekend, as he advises his followers to remain bullish until ETH dips below its critical support levels.

Still holding strong!

Don’t speculate on ETH’s future based on its weakness this weekend.

Remain bullish until we see a move below critical support levels.

We’re still in a strong uptrend with a lot of room to go.

Expecting a return to $2,200 resistance next week. Good levels to buy at currently.

Based on ETH’s quarterly range, the expert believes ETH is likely to rebound to the $2,200 level, where it would face resistance, making its current price a solid buy opportunity.

Currently, ETH enjoys a 2.51 long/short ratio, which aligns with Bitbit’s confidence in ETH’s potential to reverse the recent dip as 72.02% of traders are positioning for an upward move.

Solaxy (SOLX)

While established tokens are hovering around lower quarterly ranges, Solaxy is thriving in its presale phase, having raised over $25.8 million since its inception in December 2024.

The presale revolves around its upcoming Layer 2 blockchain for Solana, which is being designed to help Solana’s mainnet avoid its congestion-related issues by providing users with faster transactions.

Impressed by the project’s unique approach