On March 5 (U.S. time), Bitcoin surged above $91,000. Notably, all U.S.-related coins, Trump-affiliated tokens, and U.S.-based company projects ranked among the top gainers.
Why Are U.S. Coins the Strongest Gainers Today?
🇺🇸 BIG WINNERS OF U.S. CRYPTO POLICY: $XRP, $ADA, and $SOL are thriving, with $AVAX awaiting recognition and $SUI, $FIL, $APT, $NEAR, and $MOVE gaining momentum after White House invitations.
Meanwhile, $LINK, $LTC, $DOT, and $HBAR are stronger candidates for the strategic… pic.twitter.com/igFyXojJgN
— Cointelegraph (@Cointelegraph) March 5, 2025
XRP, ADA, and SOL are thriving. AVAX awaits further recognition. SUI, FIL, APT, NEAR, and MOVE gained momentum after invitations from the White House.
Meanwhile, LINK, LTC, DOT, and HBAR emerged as stronger candidates for strategic reserves than memecoins. LINK rose 15%, AAVE gained 13%, MOVE increased 14%, ONDO jumped 21%, and APT climbed 11%.
The surge stems from U.S. and Trump’s proactive crypto policies. Regardless of positive or negative effects, Trump is directly influencing the market. His administration also favors projects tied to the U.S.
The Trump Effect in Crypto
Trump’s impact on crypto is undeniable. Many believe his re-election would boost Bitcoin’s price. This prediction came true. Bitcoin jumped from $69,374 on Election Day (November 5) to a record $108,786 when the new administration took office on January 20.
Trump is not just a policymaker. He is also an investor. Through his project, World Liberty Fi (WLF), he actively participates in the crypto market.
ARKHAM ALERT: DONALD TRUMP’S PROJECT BUYING $25M OF $WBTC, $ETH and $MOVE
Donald Trump’s project, World Liberty Fi’s wallet just sent $25M USDC to a separate contract which purchased $10M ETH, $10M WBTC and $1.5M MOVE.
The contract then returned the assets to WLF’s main wallet. pic.twitter.com/Q1kDCx6rKv
— Arkham (@arkham) March 5, 2025
World Liberty Fi’s wallet recently sent $25M USDC to a contract. The contract purchased $10M in ETH, $10M in WBTC, and $1.5M in MOVE.
These assets were then returned to WLF’s main wallet. This move signals WLF’s growing investment in crypto and explains the market’s renewed optimism.
Will Doge Be the Next ETF?
Source: SEC
Doge is also one of the special coins recognized in today’s Big Winners of U.S. Crypto Policy. Just two days ago, Bitwise recently filed for a Dogecoin Spot ETF on the NYSE. This marks a major milestone for the memecoin.
Since 2021, Dogecoin’s price has fluctuated with Elon Musk’s statements. The Tesla CEO and X owner has openly supported DOGE. Tesla even accepts Dogecoin payments. Musk has also confirmed holding DOGE, though he has not disclosed the amount.
In 2024, Dogecoin gained further attention. Musk became the head of the Department of Government Efficiency (DOGE), a new initiative approved by President Trump.
In early February, Grayscale launched the Grayscale Dogecoin Trust. This provided investors access to DOGE. With a market cap near $50 billion, Dogecoin remains the top memecoin with growing institutional interest.
