Bitcoin’s Relief Rally Faces Challenges Amid New U.S. Tariff Plans
The brief recovery of Bitcoin (BTC) has encountered a significant hurdle as the United States announces its intention to impose tariffs on Canada and Mexico, which are expected to take effect in early March. This development has introduced a fresh wave of uncertainty into global markets, exerting downward pressure on risk assets. As a result, the global cryptocurrency market cap has seen a 3.1% decline over the past 24 hours, currently standing at $2.93 trillion.
Altcoins Gaining Momentum
Despite the market’s turbulence, several altcoins are showing strong potential and are edging closer to achieving significant market cap milestones. Among these, TRON (TRX) and Cardano (ADA) have been highlighted as promising contenders by Finbold. Both cryptocurrencies are on track to reach a $25 billion market cap by March, driven by increasing institutional interest and a burgeoning DeFi ecosystem.
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TRON (TRX) on the Rise
Currently trading at $0.2276 with a market cap of $19.59 billion, TRON is witnessing a notable rise in network activity and a growing influence in stablecoin transactions. To achieve the $25 billion market cap goal, TRX would need to experience a 27.63% increase, elevating its price to approximately $0.29.
TRON’s expanding role in stablecoin transactions is a major growth catalyst. Over the past month, active addresses have surged by 57%, climbing from 1.63 million to 2.57 million. Data from TokenTerminal reveals that TRX has generated over $505 million in fees year-to-date, signaling heightened network demand. Furthermore, the network is set to eliminate transaction fees for USDT in the coming week, a strategic move anticipated to drive further adoption.
The momentum is already evident in stablecoin inflows, with TRON adding $824 million in USDT and USDC holdings in February 2025 alone.
Cardano (ADA) Gains Traction
Currently trading at $0.6520 with a market cap of $22.96 billion, Cardano is attracting increased investor interest, bolstered by regulatory progress and significant ecosystem upgrades. The SEC’s acknowledgment of Grayscale’s Cardano ETF filing, with a decision anticipated by August 2025, represents a crucial step toward institutional adoption, potentially unlocking substantial capital inflows.
Cardano’s 2025 roadmap, as outlined by founder Charles Hoskinson, emphasizes enhancing the network’s scalability and interoperability. Key developments include the integration of Bitcoin DeFi, the implementation of Leios for scaling, and expanded cross-chain compatibility through partnerships with Chainlink (LINK) and stablecoins. These advancements could significantly boost network adoption and utility.
If these developments unfold alongside a broader upward trend in the crypto market, ADA could potentially reach the $25 billion market cap milestone by March. In a favorable market environment, especially with Bitcoin regaining momentum and potentially surpassing $100,000, both TRON and Cardano might experience accelerated gains, making the $25 billion market cap a plausible target within the coming month.
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