Cryptocurrency markets experienced significant surges following President Donald Trump’s announcement of a U.S. strategic crypto reserve that includes Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). This declaration led to immediate price spikes, with XRP soaring over 30%, SOL increasing by 20%, and ADA jumping more than 50% within hours.
MARKETWATCH.COM
The total cryptocurrency market capitalization expanded by approximately 10%, adding over $300 billion, as investors reacted to the news. This surge underscores growing institutional interest in digital assets, particularly those highlighted by the President.
REUTERS.COM
On exchanges like Coinbase, XRP, SOL, and ADA traded at substantial premiums compared to other platforms, indicating heightened demand among U.S. investors. This trend reflects a robust appetite for these specific cryptocurrencies in the domestic market.
COINDESK.COM
President Trump’s evolving stance on cryptocurrencies, shifting from skepticism to active endorsement, marks a pivotal moment for the industry. The forthcoming White House crypto summit aims to further solidify the United States’ position in the global digital asset landscape.
