From March 2 to March 3, 2025, U.S. President Donald Trump posted two consecutive tweets announcing plans for a strategic crypto reserve, sparking a strong market reaction.
Market Reaction to Trump's Announcement
Following the announcement of the crypto reserve, the cryptocurrency market saw a notable uptick. The total market capitalization surged by over $300 billion in a single day. This also led to significant price increases in tokens like BTC and ETH. Traders began actively investing, resulting in market records.
From Crypto Skeptic to Industry Advocate
Trump, who previously criticized Bitcoin and cryptocurrencies, shifted his stance to actively support the industry. This change occurred during his 2024 election campaign when he began accepting crypto donations and promised to make the U.S. a crypto capital.
Regulatory Changes and Crypto Reserve
Since Trump's return to power, cryptocurrency regulation in the U.S. has become more lenient. This includes repealing several previous restrictions and supporting crypto assets within the national financial strategy.
Trump's announcement of a crypto reserve has substantial long-term implications for the market and could be a significant step toward mainstream cryptocurrency adoption.
