Donald Trump’s Crypto Reserve Statement Gave Life to the Market: Here’s What Experts Said After the Statements

The cryptocurrency market experienced a strong recovery on Sunday amid renewed optimism following U.S. President Donald Trump’s announcement of a potential crypto reserve.

Bitcoin Hits $94,000 as Altcoins Rally on Trump’s Crypto Reserve Plan

Bitcoin is up 8% over the past 24 hours, at one point topping $94,000 before settling around $93,000, while Ethereum (ETH) is also up 9.6%, trading at around $2,550.

Meanwhile, several altcoins saw significant price gains as Cardano (ADA) surged 60.8% to $1.17, XRP surged 24.5% to $2.99, and Solana (SOL) surged 18.3% to $179.82.

Trump’s Crypto Reserve Announcement Sparks Rally

The rally came after Trump’s social media post hinted at the inclusion of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) in a U.S. crypto reserve.

White House Crypto Director David Sacks also made other announcements at the upcoming White House Crypto Summit on March 7, hinting at further policy developments for the digital asset sector.

Peter Chung, research director at Presto Research, said the excitement ahead of the summit could keep markets optimistic in the short term, barring any unexpected macroeconomic downturns or negative tech earnings reports.

Analysts also pointed to growing institutional interest in altcoins, particularly with CME Group considering listing Solana futures. This move would require regulatory approval, but analysts believe it could pave the way for additional XRP and Cardano futures.

“If CME continues to list SOL futures, it could also explore XRP and ADA, especially since these assets have already gained traction among TradFi investors after Trump’s post,” Chung said.

HashKey Research director Kevin Guo warned that while the rally was strong, a short-term market correction could be expected as investors digest the legal implications of Trump’s crypto reserve plan.

Meanwhile, BTSE COO Jeff Mei emphasized that while Trump’s announcement was met with enthusiasm, actual government action to create a crypto reserve and begin large-scale purchases will take time. In the meantime, traders are closely monitoring the SEC’s potential approval of XRP and Solana ETFs, which could push prices even higher.

With institutional adoption accelerating and political support growing, crypto markets now look to the Crypto Summit on March 7 for more clarity on the U.S. government’s digital asset strategy.

*This is not investment advice.