Best Crypto to Buy Now As Trump’s Crypto Strategic Reserve Sends Prices Flying
The post Best Crypto to Buy Now As Trump’s Crypto Strategic Reserve Sends Prices Flying appeared on BitcoinEthereumNews.com.
Donald Trump announced the long-promised US Crypto Strategic Reserve on Sunday, revealing that it will include US-based assets like XRP, Solana and Cardano, besides Bitcoin and Ethereum. Are those now the best cryptos to buy? The announcement sent crypto prices soaring, with the Bitcoin price temporarily reclaiming the $95,000 level. ETH, XRP, SOL, ADA and related altcoins posted even stronger gains. However, the majors failed to flip key resistance levels that would have invalidated all bearish scenarios and paved the way for new all-time highs. Instead, bullish momentum has stalled and prices are now re-testing critical support levels. There is now intense speculation about whether the crypto bull market is back on or whether the large-caps could see more downside volatility in the coming weeks. Just How Bullish Is The US Crypto Strategic Reserve? Donald Trump is taking steps to fulfill his pledge to make the United States ‘the crypto capital,’ with the establishment of a US Crypto Strategic Reserve marking a significant milestone toward that goal. Trump’s crypto and AI czar, David Sacks, reveals that more details will be unveiled at the White House Crypto Summit on March 7th, an event which promises major volatility for the market. The White House has also revealed that President Trump will make an important “investment announcement” today, which many are connecting to the Reserve or the newly created Sovereign Wealth Fund. 🚨TRUMP TO MAKE ‘INVESTMENT ANNOUNCEMENT’ ON MONDAY -WHITE HOUSE — *Walter Bloomberg (@DeItaone) March 3, 2025 Before more details are unveiled, major industry players remain unconvinced by the idea, which explains the fading momentum of the post-announcement rally. Even Trump supporters in the industry like Jason Calacanis, Ryan Selkis, David Bailey and Nic Carter are strongly against the proposed Crypto Strategic Reserve, particularly the inclusion of XRP, Solana and…
Filed under: News - @ March 5, 2025 3:21 am