March 3, 2025 — Bitcoin surged to $92,890 on global exchanges Monday, marking a dramatic recovery from last week’s dip below $81,000. The rally follows former U.S. President Donald Trump’s announcement of plans to establish a “Crypto Strategic Reserve,” sparking optimism across digital asset markets.
Political Moves Fuel Crypto Optimism
Trump’s proposal, unveiled over the weekend, aims to position cryptocurrencies as a strategic financial asset class. The unexpected policy shift comes amid heightened regulatory scrutiny globally, with analysts citing it as a key driver behind Bitcoin’s 9% surge.
“This move injects much-needed confidence during a period of macroeconomic uncertainty,” said Avinash Shekhar, CEO of Pi42. “The market is reacting to the convergence of political support and institutional interest.”
Altcoins Ride the Wave
Ethereum mirrored Bitcoin’s momentum, jumping 10% to $2,447 globally. Major altcoins like Binance Coin (BNB), Solana (SOL), and Cardano (ADA) posted gains between 5-12%, while meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) rose 7% and 9%, respectively.
The global crypto market cap swelled 8.9% to $3.08 trillion, with notable performers including:
- Chainlink (LINK): +14%
- Avalanche (AVAX): +11%
- Stellar (XLM): +9%
Skepticism and Warnings Persist
Despite the bullish trend, critics like economist Peter Schiff cautioned against overenthusiasm. “ While Bitcoin as a reserve asset is logical, including altcoins like XRP or ADA is risky,” he noted. Meanwhile, the U.S. SEC reiterated warnings about memecoins, labeling many as “fraudulent securities.”
Losses were limited but visible, with Status (SNT), Braintrust (BTRST), and BurgerCities (BURGER) dropping 3-5%.
What’s Next?
Analysts advise vigilance. “Investors should watch for short-term corrections,” warned Mudrex CEO Edul Patel. As regulatory landscapes evolve, Trump’s proposal could reshape crypto’s role in global finance—if it gains bipartisan traction.
Disclaimer: Cryptocurrency is unregulated and highly volatile. This article does not endorse financial decisions. Consult a professional before investing.
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