Cryptocurrency markets experienced a surge after US President Donald Trump announced the possibility of a strategic crypto reserve, but analysts are warning that the rally may not last long. Trump disclosed on March 2 that his Working Group on Digital Assets had been instructed to include XRP (XRP), Solana (SOL), and Cardano's ADA (ADA) in the US crypto reserve. This announcement led to a marketwide rebound, with the global crypto market cap increasing by almost 7% to $3.04 trillion, and Bitcoin (BTC) surpassing the $95,000 mark following a 7.7% intraday rally. However, analysts caution that the establishment of a US crypto reserve will involve a lengthy approval process, potentially impacting the sustainability of the current market movement. Some analysts believe that the market may be approaching a turning point, with Bitcoin's active addresses reaching a near three-month high on Feb. 28, indicating a possible "capitulation moment." Despite the positive reaction to ADA, SOL, and XRP being included in the US strategic reserve, analysts anticipate short-term volatility in the crypto market. The upcoming White House Crypto Summit hosted by President Trump on March 7 is also generating anticipation among crypto investors, with discussions on stablecoin regulation and legislation related to a potential strategic crypto reserve being key topics.

 Grayscale, a cryptocurrency asset management company, and Harris Poll released a survey showing that more than a quarter (26%) of high-net-worth Americans with investable assets of $1 million or more currently hold cryptocurrency, and nearly two-fifths (38%) expect to include cryptocurrency in their future investment portfolios. The data indicates that since the approval of spot cryptocurrency ETPs early last year, high-net-worth investors have become more concerned about the economic situation and more confident in cryptocurrency investments.

According to the on-chain analyst Yu Jin's monitoring, willjeetonyou.eth used 21 ETH to snipe and buy 14.83 million Cocoro at an average price of $0.003 within 2 minutes after adding liquidity on Cocoro. Currently, he still holds 13.88 million Cocoro, worth $1.11 million. He made a profit of $1.14 million on Cocoro in one hour.

The overall market value of stablecoins increased by $7.7 billion in February, highlighting the growing demand for "digital dollars" in the crypto market. The main situation of the stablecoin market in February is as follows: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached approximately $143 billion (an increase of $2.5 billion in February alone), USDC increased by 7%. However, the market value of USDe and DAI decreased.

As reported by Strategy (MSTR.O) in its latest 8-K filing, the company did not sell any Class A common stock or purchase any new bitcoins between February 24 and March 2. As of March 2, 2025, MicroStrategy and its subsidiaries collectively hold 499,096 bitcoins, with a total purchase cost of approximately $33.1 billion and an average purchase price of $66,357. In addition, the company's board of directors announced that a cash dividend of $1.24 per share of 8.00% Series A Perpetual Preferred Stock (STRK) will be distributed on March 31, with a record date of March 15.

according to The Block, the Cardano Foundation has launched the digital identity platform Veridian, which uses open-source tools to verify identities and validate online communication. Along with this new product, the Veridian Wallet has also been launched, allowing users to manage their credentials, private keys, and identifiers.

 according to official page data, Binance Alpha is now online mubarak.

On March 3rd, according to Dune data, the stablecoin USDe experienced its largest single-day redemption in history on March 1st, totaling $2.68 billion, resulting in a decrease of approximately 4.7% in the total circulation of USDe.

Bitcoin needs to close above the key level of $81,000 on a weekly basis to avoid further downside volatility before the Federal Open Market Committee (FOMC) meeting next week. Ryan Lee, Chief Analyst at Bitget Research, stated that breaking above $81,000 this week will be crucial to prevent further decline in Bitcoin. Maintaining above this level will indicate resilience, but breaking below $76,000 could trigger more short-term selling pressure. According to CME Group's FedWatch Tool, the market currently expects a 98% chance of the Fed maintaining interest rates stable.

The White House in the United States held a cryptocurrency summit for the first time on the 7th local time. Trump stated at the summit that the federal government of the United States will support the development of cryptocurrencies represented by Bitcoin and the digital asset market. U.S. media reported that Trump's policy shift may be due to the significant political donations provided by cryptocurrency investors during last year's U.S. election campaign, hoping that he would end the Biden administration's restrictive policies on cryptocurrencies after taking office. According to the Wall Street Journal, during last year's U.S. election campaign, the cryptocurrency industry provided over $130 million in political donations to candidates for both parties in the House and Senate who support cryptocurrencies through a super political action committee.

Citibank (C) stated in a research report on Monday that the possibility of the United States establishing a strategic reserve of cryptocurrencies seems greater after President Trump announced this news over the weekend. Citibank pointed out that the US government currently holds about $19 billion in cryptocurrencies, mainly Bitcoin, while the amount of gold held is $750 billion. The report stated that the vast majority of assets seized by the government are Bitcoin, which means that the accumulation of other digital assets is likely to be funded by purchases on the open market. However, the bank stated that the "selection criteria are currently unclear," and that announcing such investments in advance could disadvantage investors in terms of price, adding that a similar situation occurred with the British government in the late 1990s regarding gold. The bank stated that further clarification on the selection criteria for which tokens to include in the reserves will provide more support.

spot gold fell below $3060 per ounce, down 2.41% intraday.

On March 15th, Bitcoin rose by 2.913% in the past 24 hours, with the current price at $84,142. However, a decrease in consumer confidence may signal a weakening of economic activity, which could impact the demand for risk assets such as Bitcoin.

Several alternative cryptocurrencies have outperformed the overall market, with Bitcoin experiencing a significant rebound above $90,000 due to positive news on crypto adoption in the United States. Cardano's (ADA) token saw the biggest increase among the top 100 cryptocurrencies, rising over 43% in a 24-hour period to trade above $0.95. Solana (SOL) and XRP also experienced notable gains, with XRP rising over 15% and SOL nearly 12% on the daily chart, surpassing Bitcoin's 7.3% intraday rise. The rally was attributed to US President Donald Trump's directive to include ADA, SOL, and XRP in the US crypto strategic reserve, as well as strong community support for these altcoins. This recovery in the crypto market may indicate the end of the previous market capitulation, as reported by Cointelegraph on Feb. 20. Trump's announcement regarding the inclusion of ADA, SOL, and XRP in the potential US crypto reserve could mark a significant turning point for these altcoins, suggesting a broader plan beyond Bitcoin and emphasizing US-based crypto projects. Trump reiterated his commitment to establishing a national Bitcoin stockpile during his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee.

Ray Dalio, the founder of Bridgewater Associates, issued a warning to the Trump administration, stating that if they do not commit to reducing the deficit now, they will face a major debt crisis risk within three years. When discussing the risk of currency devaluation, Dalio said that investors should consider "what is the stable alternative currency supply? Bitcoin may be a part of it, maybe a large part of it." Dalio likes Bitcoin as a safe haven because it is different from real estate, it is not restricted, and it is not easily seized or taxed.

According to on-chain data analyst Yu Jin's monitoring, a whale/institutional address that hoarded 40,000 ETH in September 2022 emptied the address 40 minutes ago and transferred 37,000 ETH (86.94 million USD) to Binance.

As reported by TASS, Oleg Ogienko, deputy general manager of Bitriver, a Russian cryptocurrency mining data center operator and mining equipment importer, said that Russia may establish a cryptocurrency reserve within 1-3 years, provided that corresponding regulatory conditions are already in place domestically. Ogienko pointed out: "First, it is necessary to establish and regulate the security infrastructure for the storage and circulation of digital currencies domestically. These infrastructures have begun to emerge, but are currently in a closed environment." He believes that by establishing such reserves, the Russian financial system can gain additional momentum in modernization through the adoption of cutting-edge technologies, and the formation of cryptocurrency reserves has become a strengthening trend in the global financial markets this year.

The market showed that BTC broke through $93,000 and is now trading at $93,029.08, with a 24-hour increase of 8.1%. The market is highly volatile, so please manage your risks carefully.

Crypto security analyst and Paradigm adviser ZachXBT emphasized the importance of assessing the legitimacy of blockchain networks by looking at the circulation of stablecoins from major issuers like Circle, Tether, and Paxos. Following US President Donald Trump's announcement on March 2 about including certain digital assets in the country's strategic crypto reserves, ZachXBT pointed out that the presence of stablecoins from these issuers is a strong indicator of legitimacy. He highlighted that neither Cardano nor the XRP Ledger currently host major stablecoins, suggesting that if there was value to capture, the stablecoin issuers would have integrated their stablecoins into these networks. Additionally, ZachXBT noted that addresses linked to Ripple co-founder Chris Larsen still hold a significant amount of XRP, with the potential for continued selling off of the holdings.