Cryptocurrency markets experienced a significant surge following U.S. President Donald Trump’s announcement of a new “Crypto Strategic Reserve” that will include five major digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
The announcement led to immediate and substantial price increases across these cryptocurrencies:
Bitcoin (BTC): Jumped approximately 10%, reaching around $92,900.
Ethereum (ETH): Rose by about 12% to $2,516.
XRP: Experienced a surge of over 30%, with its market capitalization increasing by $44 billion within an hour.
Solana (SOL): Saw gains exceeding 20%.
Cardano (ADA): Led the rally with an increase of more than 50%.
Overall, the global cryptocurrency market added over $300 billion in value following the announcement.
President Trump’s initiative aims to bolster the U.S. position in the digital asset space, signaling a shift toward more favorable policies for the cryptocurrency industry. The administration plans to host a White House Crypto Summit on Friday to further discuss these developments.
While the specifics of how the Crypto Strategic Reserve will operate remain unclear, the market’s reaction underscores the growing significance of cryptocurrencies in the global financial landscape.
