Trump’s national crypto reserve plan triggers $330 billion market surge, $960M in liquidations.

The crypto market experienced a sharp rebound on March 2, gaining around $330 billion in value after US President Donald Trump confirmed plans for a national crypto reserve.

CoinMarketCap shows that total market capitalization surged by approximately 10% after Trump’s statement to a high of $3.15 trillion from $2.83 trillion. As of press time, it had slightly retraced to $3.02 trillion.

Meanwhile, this rapid rally came at a cost, triggering over $960M in liquidations within a day.