Market Update, March 4, 2025
The market bounced on Friday night as traders bought into the month-end selling. The BTC price bottomed at $78,945 on Friday and settled around $85,000.
On Sunday, President Trump posted on Truth Social that the newly created Digital Assets Working Group would move forward with the creation of a Strategic Crypto Reserve (SCR). His first post mentioned SOL, XRP, and ADA. An hour later, he posted that BTC and ETH would also be included. BTC rallied to a high of $94,370 on Monday. At the same time, SOL hit $178, ADA reached $1.11, XRP hit $2.90, & ETH climbed to $2,540.
President Trump’s proposal to establish a Strategic Crypto Reserve instead of a Strategic Bitcoin Reserve has sparked mixed reactions among U.S. commentators. The benefits of buying 'digital gold,' aka BTC, are well documented. With a maximum supply of 21 million, BTC has become an accepted store of wealth. However, using taxpayers' money to buy proof-of-stake networks such as Ethereum, Solana, Ripple, and Cardano represents a significant shift.
Crypto Czar David Sachs is expected to provide further clarification on the SCR announcement on the 7th of March. The team at JellyC Research expects significant volatility leading up to this announcement. We also anticipate that an SCR would face substantial headwinds in Congress.
If the Trump administration can facilitate the SCR or SBR through Congress, it would signal a strong buy indicator for crypto as a long-term investment. However, there will likely be twists and turns in getting the SCR or SBR approved, presenting significant opportunities to benefit from market volatility.
Consider the Bluebottle Bitcoin Plus Fund (BBP) or the Bluebottle Digital Infrastructure Fund (BDIF), which provide investors with access to daily liquidity—an essential feature in volatile markets. JellyC will be looking to add units to the BBP when BTC reaches the sweet spot of $70,000–$73,000.
Fear & Greed Index
US National Bitcoin Reserve in 2025
Solana ETF in 2025
For inquiries, please reach out to the JellyC team.
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