Key Takeaways:
- ADA Futures Surge: Long positions on ADA futures on Bitrue soared to $26M after Trump’s crypto reserve announcement.
- Bullish Sentiment: Nearly 92% of ADA futures positions are long, showing strong trader confidence.
- Trump’s Crypto Reserve: ADA, SOL, and XRP were added to the U.S. strategic crypto reserve, alongside BTC and ETH.
Former U.S. President Donald Trump’s announcement that Cardano (ADA) will be included in a U.S. strategic cryptocurrency reserve has led to a surge in long positions on ADA futures.
According to cryptocurrency exchange Bitrue, traders now hold over $26 million in ADA futures contracts, up significantly from the late February average of $15 million.
Nearly 92% of these positions are long, reflecting strong bullish sentiment among investors expecting further price gains.
The increased interest has made ADA/USDT the fastest-growing trading pair in Bitrue’s futures market.
Futures contracts allow traders to speculate on an asset’s future price by agreeing to buy or sell it at a later date.
Trump’s March 2 announcement also confirmed that XRP and Solana (SOL) would be added to the U.S. crypto reserve, alongside Bitcoin (BTC) and Ethereum (ETH), which he previously emphasized as core assets.
BREAKING:
— Ash Crypto (@Ashcryptoreal) March 2, 2025
🇺🇸TRUMPS JUST STATED THAT BITCOIN AND ETH WILL ALSO BE PART OF THE STRATEGIC RESERVE.
MASSIVE NEWS 🚀 pic.twitter.com/7027gFcODL
His decision marks the first official inclusion of ADA in the reserve, reinforcing his administration’s commitment to digital assets.
Following the news, ADA saw a rapid price surge of over 40% within 24 hours, outperforming other cryptocurrencies in response to Trump’s strategic crypto reserve expansion.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: