By ADM 
- US Strategic Reserve executive order results in sell-off.
- Weakness shows on the US dollar, this has been historically important for crypto.
- Altcoin Analysis: SOL and XRP.
This is setting the biggest week for the crypto markets in 2025 so far. With some much-needed clarity potentially on the horizon.
We have today seen the most anticipated fundamental catalysts realised, the establishment of the US Strategic Reserve – but the market has sold off?… what gives…
In my opinion we are still seeing the facts emerge.
There is no clarity on whether the government will be acquiring new Bitcoin or simply using assets seized from criminal activities. That being said, any indication that the US won’t be buying BTC anytime soon could lead to a very bearish outcome, and I would reconsider my short-term strategy.
But we might not have to wait too long to find out more..
At the end of this week, the White House will be hosting a Crypto Summit with key industry leaders. Donald Trump took to social media on the 3rd of March advocating for the Crypto Strategic Reserve. He name-dropped BTC, ETH, SOL, XRP and ADA. While there has been no official documentation, it’s expected that this Summit will uncover more details.
This announcement boded well for markets, with ADA experiencing a +50% rally shortly after. SOL and XRP also saw double-digit gains in the hours after this announcement.
While there are details lacking on how this Reserve will be allocated and funded – further clarity on these points may give investors something to cheer about. Particularly if the US were to announce details on how they would go about acquiring these assets.
This end-of-week announcement could stir things up. Like everyone else, we’re eagerly waiting to see what unfolds. Below is a purported list of attendees so far:
Related: OKX Australia CEO Predicts “Proliferation” of Stablecoin Use Post-Election, If Laws Keep Up
US Dollar Slides
A storm has kicked off on the US dollar, with its purchasing power plummeting for the last three days. This comes after forecasts from Atlanta Fed’s GDPNow metric show that Q1 growth figures have literally slid off a cliff. At the start of February, estimates sat at +2.9% growth for Q1, but after recent economic data releases from the manufacturing sector, this quarterly growth expectation has sunk to -2.8% this week.
Trade wars & tariffs also continued to spook the markets earlier this week, but in true fashion, from the current US administration, nothing is as it seems. After reinstating tariffs against Mexico and Canadian imports, there is already chatter of revisions for some carmakers according to US Commerce Secretary Howard Lutnick.
We all continue to feel the whiplash from this aggressive yet hot-and-cold posturing from the US. Tariffs have already once been actioned and delayed at the start of February.
Understandably it’s got us all thinking, what is the real game being played?
Historically, the US dollar losing strength has provided ideal conditions for crypto assets to move higher, as they are fundamentally traded in US dollar pairs. This is why continued weakness in the US dollar might give us some more clarity about how crypto could continue to perform better.
Checkout my latest YouTube video for more context on this:
Bitcoin – BTC
Fundamentals continue to drive volatility for Bitcoin, specifically out of the US as we talked about earlier.
Lows Holding | The range lows, in grey, continue to be a battleground for the bulls and bears.
Higher Lows | As the market has continued to test prices at these lows, we have successively created higher lows. This could be seen as the market buying the dips at higher prices each time.
Confirmation | A new higher high above the yearly open would help build the case for an uptrend forming. The next level in sight is the 0.618 Fibonacci level of US $97,800.
Related: Texas Senate Greenlights Bitcoin Strategic Reserve Bill Amid Trump’s BTC Reserve Order
Solana – SOL
Decision area | Solana is trading below its current range and is what I would best describe as a key decision point.
Market structure | To be bullish I would like to keep seeing lows continue to step up higher and higher. And start to see higher highs as well.
Key level | The bottom of this range, which has already been rejected once, is the line in the sand to me. Reclaim and I believe we go back to the middle of the range and even higher. Failure from here could see SOL trend lower.
XRP – XRP
More progressed | Compared to Solana, XRP has already deviated and reclaimed its range lows.
Middle of the range | XRP still needs to show its hand and signal that we are going higher or lower from here.
Positive signs for Bulls | XRP has been creating successive higher lows, a positive sign for the bulls. From here I would want to see a push to $3.40.
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