Solana

On March 7, 2025, President Donald Trump signed an executive order to create a strategic Bitcoin reserve and set up a task force to regulate digital assets. This order bans Central Bank Digital Currencies (CBDCs) while other cryptocurrencies like Ethereum, Solana, and XRP see gains, pushing the total crypto market cap to $3.61 trillion.

Ethereum faces a challenging period as Ether's price drops 40% in three months amid intense competition from other cryptocurrencies, raising questions about its future stability and dominance in the crypto market.

Bitcoin prices have fallen over 5% as the market reacts to Donald Trump's recent executive order creating a US strategic bitcoin reserve. This news, combined with ongoing market volatility, has traders on edge as Bitcoin briefly surged 6% to reach the $92,000 mark. Cryptocurrencies such as Dogecoin and Solana also saw gains of up to 8%.

In a groundbreaking announcement, President Trump stated that the United States will create a strategic reserve of Bitcoin, alongside incorporating prominent cryptocurrencies like XRP, Solana, and Cardano. This landmark decision has propelled the price of Bitcoin beyond $93,000, highlighting the US's commitment to becoming a global crypto hub.