On the evening of March 2, the price of digital gold soared to $95,000 following reports of the potential inclusion of SOL, XRP, and ADA in the U.S. crypto reserve alongside Bitcoin and Ethereum.
After Donald Trump’s posts, the president’s special advisor on AI and cryptocurrencies, David Sacks, hinted that on March 7, the head of state will address industry leaders at the White House.
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
At the time of writing, digital gold is trading at $92,100, tempering its daily growth rate to 7.2%.
ETH, XRP, SOL, and ADA gained 9.1%, 22.7%, 16.5%, and 56.5% respectively.
Peter Chang from Presto Research told The Block that the cryptocurrency market will be supported by expectations of the plan’s details being revealed, provided no adverse macroeconomic or technological news arises.
According to the expert, SOL’s rally will be bolstered by CME‘s plans for listing futures based on this cryptocurrency. He did not rule out that the platform might make a similar decision regarding ADA and XRP.
Jeff May from BTSE emphasized that Trump’s posts sent a strong signal to the markets, but it will take time to establish the crypto reserve and make substantial coin purchases.
“Traders will be watching for potential approval from the SEC for XRP and SOL ETFs, which could significantly boost prices,” added the specialist.
According to Sygnum’s calculations, the purchase of the first cryptocurrency into the national Bitcoin reserve for $1 billion would increase the asset’s capitalization by $20 billion.
Previously, analyst Thomas Farrer predicted a rise in digital gold prices by $50,000 per minute when U.S. authorities confirm the creation of the SBR.