Cryptocurrencies are recording collective gains this morning, Monday, March 3, for the second consecutive session, as the most expensive digital currency in the world (Bitcoin) regained levels of $90,000, coinciding with the rise in market value after Trump announced the establishment of a strategic reserve of cryptocurrencies in the United States of America.
This announcement came from the US President via the Truth Social platform in a post in which Trump explained that the strategic reserve will consist of Bitcoin, Ethereum, Ripple, Solana and Cardano, stressing that this will raise the status of the very important sector and that it will make the United States of America the capital of cryptocurrencies.
Trump’s post and decision to support digital currency gains after a series of declines last week to record strong increases since the announcement of this decision yesterday, Sunday, as the market value of the digital currency market as a whole rose according to the Coingecko website, which includes more than 17,000 digital currencies, by about 5.3% today, Monday, to trade at a market value of $3.15 trillion.
Bitcoin is trading at $91,955,000, up by about 7.94% this morning with a market value of $1.823 trillion, while Ethereum, the second largest digital currency, is up by about 7.35% and is trading at $2,366,000 with a market value of $285 billion.
XRP or Ripple continues to maintain its position as the third digital currency in the world in terms of market value, up by about 16% today and trading at $2.63 with a market value of $152 billion.
Dogecoin is recording gains of about 6% by trading at $0.2199 with a market value increase to $32 billion, while Cardano is recording the highest gains in the top 20 with a rise of about 47.89% and is trading at $0.9733 with a market value of about $34 billion.
Solana is up about 12.55% trading at $160 with a market cap of $81 billion, while Litecoin is down about 3.5% trading at $117 with a market cap of $8 billion.
03/03/2025
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