Although the broader crypto market cap exceeded $3 trillion at the start of February, it dipped to $2.63 trillion by February 28th as investors entered a selling frenzy. While President Trump’s announcement of the upcoming strategic crypto reserve helped the market recover on March 2nd, the rebound was short-lived, and cryptocurrencies are now collectively valued at $2.65 trillion again.
Despite being included in Trump’s strategic crypto reserve, Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL) are all down by 13-38% over the past 30 days as the market entered extreme fear territory marked by a score of 15/100 on the Fear and Greed Index. The only one defying the negative trend out of Trump’s picks is Cardano (ADA), which boasts growth of 4.40% over the past month.
Despite the uncertainty that plagues the market, seasoned investors and experts believe that Bitcoin and leading altcoins are at or near their bottom, anticipating a rebound and advising their followers to hold. Plus, some experts are confident that Solaxy (SOLX), a project still in its presale, is preparing to explode on launch thanks to its ties to Solana.
Bitcoin (BTC)
Bitcoin is down 25.15% since its ATH of $109,114 it achieved in late January but its recent inclusion into the government-owned crypto reserve by President Trump could help it break out of the negative trend it faced since.
Trump’s latest executive order also put a stop to US agencies selling Bitcoin, meaning the approximately 200,000 government-owned BTC will form the backbone of the reserve.
Bitcoin is currently priced at $81,664, which charts analyst Dyme believes is close to the token’s key support level of $80,215. Although the analyst doesn’t expect a tremendous soar, he believes Bitcoin won’t dip below $80,000, anticipating a surge to the $89,000-$90,000 range over the week instead.
Crossing the $83,279 mark would place Bitcoin’s price above its 200-day Simple Moving Average (SMA), leaving room for long-term gains that could be enhanced by additional investment into BTC by the US government according to the increasingly popular “BTC Act.”
Ethereum (ETH)
Ethereum, the largest altcoin, entered Q1 2025 strong, maintaining prices above $3,000 throughout January and dipping to $2,500 by late February amidst a market-wide downturn.
However, now it is experiencing substantial bearish pressure, as it broke below its support at $2,200 and is currently testing critical support levels above the $1,900 mark.
Despite Ethereum’s poor performance over the past two weeks, crypto expert Bitbit believes the leading altcoin’s future shouldn’t be speculated on based on its weakness this weekend, as he advises his followers to remain bullish until ETH dips below its critical support levels.
Based on ETH’s quarterly range, the expert believes ETH is likely to rebound to the $2,200 level, where it would face resistance, making its current price a solid buy opportunity. Currently, ETH enjoys a 2.51 long/short ratio, which aligns with Bitbit’s confidence in ETH’s potential to reverse the recent dip as 72.02% of traders are positioning for an upward move.
Solaxy (SOLX)
While established tokens hover around lower quarterly ranges, Solaxy is thriving in its presale phase, with over $25.8 million raised since its inception in December 2024.
The presale revolves around its upcoming Layer 2 blockchain for Solana, which is being designed to help Solana’s mainnet avoid its congestion-related issues by providing users with faster transactions.
Impressed by the project’s unique approach to the market, meme coin expert Jacob Crypto Bury encourages his followers to enter the presale while the per-token price is low, as sees a 10x growth potential in SOLX.
The expert’s bullish sentiment is fueled by Solaxy’s rapidly growing community, which already numbers over 81,300 supporters across X (Twitter) and Telegram.
Investors can currently Buy Solaxy for $0.00166 using ETH, SOL, BNB, USDT, or a bank card via the presale website or Best Wallet’s apps. However, that price is scheduled to change in just two days, making this the best time to enter the presale.
XRP (XRP)
XRP is currently experiencing significant volatility, having crashed to $1.92 earlier today, representing a 34.47% drop from its March high of $2.93.
Although the token dipped below the $2 mark for the first time since late 2024, the brief downturn didn’t turn it into a resistance level, as XRP currently stands at $2.14 following a swift rebound.
XRP’s price action perfectly aligns with the predictions of CrediBULL, a crypto expert, who believes the token can achieve further gains if it keeps its price above $2, advising his followers to buy additional XRP if it dips below that line.
With its price well above its 200-day SMA of $1.59, XRP holds the potential for long-term growth, especially if it maintains the current support level. XRP’s inclusion in the crypto strategic reserve adds to the bullish sentiment despite the market-wide downturn, as it could contribute to a favorable end of the SEC vs Ripple case for the token.
Cardano (ADA)
Cardano is one of the few tokens that’s holding strong based on its monthly price action, as its current price of $0.7260 is above its early February price of $0.6995 when the token struggled to cross the $0.7 mark.
However, its current price is well below its March 3rd high of $1.1295, as the token saw a significant dip over the past 7 days that brought its price down by 12.12%.
Market analyst Bitcoin Buddha believes that Cardano’s recent drop to the key support level of $0.66, followed by a strong rebound, is a bullish signal, as he expects the token to soar further over the next few months.
The analyst placed a target between the $1.1 and $1.3 range, advising his followers to remain patient during the bearish market, expecting Cardano to be one of the biggest gainers once the market bounces back.
