Crypto Market News

Over the weekend, President Trump made waves in the crypto market by announcing the creation of a U.S. strategic cryptocurrency reserve. Revealed on Sunday via Truth Social, the reserve will include key assets like XRP, Solana, Cardano, Bitcoin, and Ethereum. The news sent crypto prices soaring, Bitcoin climbed from $85,000 to over $95,000, Ethereum gained more than 10%, and altcoins like XRP and Cardano spiked 38% and 60%, respectively. The rally added roughly $300 billion to the market cap within hours, helping to counter last week’s sharp selloff spurred by economic and geopolitical uncertainty.  

The announcement also boosted crypto sentiment ahead of the White House Crypto Summit, scheduled for Friday. Chaired by David Sacks, the summit aims to address regulatory clarity, financial innovation, and economic opportunities, with top industry leaders and CEOs expected to attend. 

Meanwhile, ETFs had a volatile week. Bitcoin ETFs saw $2.7 billion in outflows from Monday to Thursday but reversed course with $94 million in net inflows on Friday. Ethereum ETFs also experienced outflows, bringing assets under management down from recent peaks. 

Source: Investing.com 3/3/2025 - 10:40AM

Source: Farside Investors

The Week Ahead

This week brings plenty of geopolitical developments alongside a range of key data releases. All eyes will be on China’s National People’s Congress where markets are focused on policy measures and their potential economic impact. The European Central Bank’s meeting on Thursday and U.S. labor market data on Friday will also be examined.  

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