FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Crypto Stocks and Bitcoin Reverse Course After Trump’s U.S. Crypto Reserve Announcement

Alice by Alice
2025-03-04
in News
Cryptocurrency14

Cryptocurrency14

ADVERTISEMENT

Crypto stocks experienced significant volatility on Monday following President Donald Trump’s announcement about the creation of a U.S. crypto reserve. The plan, which was revealed through a post on Truth Social, includes major digital assets such as Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

Trump’s statement came after an executive order was issued to create a national crypto “stockpile,” but without specifying which cryptocurrencies would be included. The announcement initially triggered a strong rally, but the momentum reversed as the day progressed.

ADVERTISEMENT

Stocks See Gains and Losses

Shares of Strategy (MSTR), the largest corporate holder of Bitcoin, initially jumped by 12% on Monday but ended the day down by 1.8%. Meanwhile, cryptocurrency mining stocks Riot Platforms (RIOT) and MARA Holdings (MARA) saw gains of 7% and 9%, respectively, before also reversing direction. By the close of trading, Riot fell 4.5% and MARA dropped by 1%. Meanwhile, crypto exchange Coinbase (COIN) saw a 4.6% decline.

ADVERTISEMENT

In his post, Trump emphasized that the U.S. crypto reserve would “elevate this critical industry” and included multiple digital assets like XRP, SOL, and ADA. He reiterated his commitment to making the U.S. “the Crypto Capital of the World.”

ADVERTISEMENT

Bitcoin’s Rollercoaster Ride

Bitcoin (BTC) initially surged nearly 9%, reaching over $92,000, but reversed course to close down more than 8%. This decline came after Bitcoin experienced its worst month since June 2022, losing about 17% in February. Trump’s announcement briefly sparked a $300 billion global crypto rally on Sunday, but that momentum stalled by Monday evening.

Surprising Inclusion of Other Digital Assets

Bernstein analysts noted that Trump’s announcement of a “Crypto Strategic Reserve” extended beyond Bitcoin, which caught the crypto community by surprise. “What was expected to be a ‘Bitcoin national stockpile’ has turned out to be a reserve covering multiple digital assets,” the analysts stated in a note on Monday morning.

The idea of a national crypto reserve was first proposed by U.S. Senator Cynthia Lummis, who introduced a bill in 2024 calling for the U.S. Treasury to establish a strategic Bitcoin reserve. However, there are questions about whether Trump’s executive order can bypass Congress or the Federal Reserve (Fed) balance sheet to create the reserve.

Legal and Regulatory Implications

Experts have noted that creating a strategic crypto reserve would require significant collaboration with the Fed, which would likely need to be involved if the U.S. Treasury is to manage the reserve. Legal experts from Duane Morris indicated that Trump’s proposal would require cooperation between various government agencies, particularly the Fed, to be successfully implemented.

Trump’s stance on cryptocurrencies contrasts with that of former President Joe Biden’s administration, which has seen stricter regulatory measures, particularly through the Securities and Exchange Commission (SEC) led by Gary Gensler. Under Trump’s direction, the regulatory environment for crypto has become more relaxed, with the SEC recently halting investigations into major crypto companies like Coinbase and Robinhood.

Crypto Market Movement

After the initial surge in response to Trump’s announcement, the broader cryptocurrency market experienced significant declines. Ethereum (ETH) fell nearly 15%, Solana (SOL) dropped 18%, and XRP saw a dramatic reversal after gaining nearly 18%, ending the day down 16%. Cardano (ADA) also saw a sharp decline after rallying nearly 50%.

The crypto market remains highly volatile, and investors are closely watching further developments regarding the U.S. crypto reserve and potential regulatory changes.

Related topics:

  • What is an Open Order in Stocks?
  • Where Were Stocks First Created?
  • How Do Penny Stocks Work?
ADVERTISEMENT
Previous Post

Trump’s Crypto Reserve Plan Boosts Crypto ETFs

Next Post

How Much Does It Cost to Have a Baby in Florida Without Insurance?

Alice

Alice

Related Posts

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

2025-05-14
RMB Strengthens as China-U.S. Trade Tensions Ease
News

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative
News

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration
News

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
The Global Battle for Digital Currency Supremacy Reshapes Financial Order
News

The Global Battle for Digital Currency Supremacy Reshapes Financial Order

2025-05-14
U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis
News

U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

2025-05-14
Finance’s Digital Transformation in the Era of AI
News

Finance’s Digital Transformation in the Era of AI

2025-05-14
Debt Wall, Consumer Strain, And a Fed ‘trapped by Politics’: Stephanie Pomboy Warns of Market Reckoning
News

Debt Wall, Consumer Strain, And a Fed ‘trapped by Politics’: Stephanie Pomboy Warns of Market Reckoning

2025-05-14
Gold Gains, The Dollar Weakens as Inflation Cools to a Four-Year Low
News

Gold Gains, The Dollar Weakens as Inflation Cools to a Four-Year Low

2025-05-14
Next Post
car Insurance2

How Much Does It Cost to Have a Baby in Florida Without Insurance?

Insurance25

What Do I Need to Get Car Insurance in Texas?

Insurance24

How Much is Shipping Insurance?

Popular Articles

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector
Insurance

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

by jingji06
2025-05-14

The China Insurance Association has officially unveiled the Elderly-Friendly Service Standards for Insurance Institutions marking a significant step toward improving...

Stocks7

How To Find Oversold Stocks: A Beginner’s Guide

2025-05-10
How Much Is Trintellix Without Insurance?

How Much Is Trintellix Without Insurance?

2025-05-09
Forex1

What Is A Prop Firm Forex: How Does It Work?

2025-05-12
This Is The Biden Campaign That Trump Still Supports

This Is The Biden Campaign That Trump Still Supports

2025-05-11
How To Read Forex Charts: A Beginner’s Guide

How To Read Forex Charts: A Beginner’s Guide

2025-05-12
Who Pays for My Health Insurance While on Workers’ Compensation

Who Pays for My Health Insurance While on Workers’ Compensation

2025-05-13
What Is The Average Drawdown Of A Stock? How Does It Work?

What Is The Average Drawdown Of A Stock? How Does It Work?

2025-05-12

Recent Posts

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

by jingji06
2025-05-14

As China accelerates its development of "new quality productive forces"—a growth model prioritizing technological breakthroughs and industrial modernization—financial inclusion has...

RMB Strengthens as China-U.S. Trade Tensions Ease

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

2025-05-14
Hot Topic Focus | Serving 310 Million Seniors: China Releases Groundbreaking Insurance Service Standards

Hot Topic Focus | Serving 310 Million Seniors: China Releases Groundbreaking Insurance Service Standards

2025-05-14
The Global Battle for Digital Currency Supremacy Reshapes Financial Order

The Global Battle for Digital Currency Supremacy Reshapes Financial Order

2025-05-14
U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

2025-05-14

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces 2025-05-14
  • RMB Strengthens as China-U.S. Trade Tensions Ease 2025-05-14
  • China Launches 2025 SME Financial Support Initiative 2025-05-14
  • Building a World-Class Treasury System: China’s Path to Financial Resource Integration 2025-05-14
  • China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector 2025-05-14

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.