While chaos reigned across traditional markets, Bitcoin smashed through the $90,000 barrier, reaching an eye-watering $93,913.86 on March 3, 2025. The sudden price surge represented a 10% rebound from its 120-day low of $78,200. Not too shabby for a “digital pet rock,” as critics once called it.
The catalyst? None other than former President Trump and his bombshell announcement about establishing a Crypto Strategic Reserve. Talk about a plot twist. Trump’s executive order, shared via Truth Social (where else?), outlined plans to include BTC, SOL, XRP, and ADA in the reserve. This type of announcement triggers extreme volatility because crypto remains an infant asset class with underdeveloped market infrastructure. The supply and demand dynamics predictably shifted as buyers competed for limited available coins, intensifying the price spike. The market reacted like a teenager getting their first car—with unbridled enthusiasm.
Within just one hour of Trump’s announcement, Bitcoin jumped 3%, briefly touching $91,000 on March 2. But that was just the beginning. Trading volume went absolutely bonkers, increasing by over 140% in a 24-hour period. The entire crypto market followed suit, with daily turnover ballooning to $190 billion—a 150% increase. Cardano (ADA) absolutely exploded, surging a mind-boggling 65%. The market capitalization of the crypto ecosystem grew exponentially as investors calculated the real-time value of their holdings using current prices and circulating supply.
On-chain data showed whales weren’t just watching from the sidelines. Net outflows of $500 million worth of Bitcoin from exchanges signaled serious accumulation. One particularly hungry whale withdrew 600 BTC—a cool $51.5 million. Not exactly pocket change.
Market manipulation concerns? Sure, they exist. Pump and dump strategies, fake news, whales making waves—the usual suspects in the crypto wild west. Without universal regulations, it’s still somewhat of a digital jungle out there.
Looking ahead, analysts are throwing out numbers that would have seemed absurd just years ago—$125,000 to $250,000 by the end of 2025. The upcoming White House Crypto Summit on March 7 could add more fuel to this already raging fire.
Will the rally continue? Could be. Or not. That’s crypto for you—unpredictable, volatile, and absolutely fascinating. One thing’s certain: traditional finance is watching, and they’re not laughing anymore.
