In an unexpected twist, former President Donald Trump has unveiled plans for a U.S. cryptocurrency reserve that includes five major digital currencies—Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement, made on March 2nd via social media, has sent shockwaves through the crypto market, sparking an impressive surge in the value of these assets. Could this move signal a new era of governmental engagement with cryptocurrencies, and what does it mean for investors and the financial landscape as a whole? As Trump emphasizes the importance of these digital assets, the market reacts with enthusiasm, raising questions about the future of crypto in America and beyond. Curious about how this could affect your investments? LEARN MORE.Trump reveals plans for a U.S. cryptocurrency reserve, featuring Bitcoin, Ethereum, XRP, Solana, and Cardano, sparking market growth.
U.S. President Donald Trump took to social media on March 2nd to disclose the names of five digital currencies he plans to incorporate into a new U.S. strategic cryptocurrency reserve, leading to a spike in their market values.
In his post on Truth Social, Trump stated that his January executive order on digital assets would establish a reserve featuring Bitcoin, Ether, XRP, Solana, and cardano–assets that had not been revealed until now.
Over an hour after his initial post, Trump clarified, saying, “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
After the announcement, Bitcoin saw a rise of over 11%, reaching $94,164 by Sunday afternoon. Ethereum rose by approximately 13%, hitting $2,516. Currently, Bitcoin and Ethereum are trading at $88,720 and $2,183, respectively.
Post Comment