Trump’s Bold Crypto Move Shakes Markets: Bitcoin & Ethereum Skyrocket
Donald Trump just sent shockwaves through the crypto world with a game-changing announcement! 📢
On Sunday, the former U.S. president revealed plans for a new strategic crypto reserve, including assets like XRP, SOL, and ADA. The news sparked massive excitement in the markets, leading to a sharp surge in Bitcoin, Ethereum, and other major cryptocurrencies. What does this mean for the future of digital assets? Let’s dive into the details! 🔥📈
On Sunday, U.S. President Donald Trump announced on social media that three cryptocurrencies would be included in a new U.S. Crypto Strategic Reserve.
Trump stated that the executive order he signed in January regarding digital assets would establish a cryptocurrency stock market, including XRP (Ripple), SOL (Solana), and ADA (Cardano).
Following the announcement, the market saw a surge, with the value of these assets increasing between 10% and 35%during Sunday’s trading.
Other digital assets also gained value. Trump declared, “I have directed the Presidential Working Group to establish a Crypto Strategic Reserve, including XRP, SOL, and ADA. I will make the U.S. the Crypto Capital of the World.”
In recent weeks, crypto prices had sharply declined, and after the excitement surrounding Trump’s election, some major digital currencies lost nearly all the value they had gained.
Analysts suggest that for the market to rise again, there needs to be either a signal from the Federal Reserve indicating plans to lower interest rates or a clear pro-crypto regulatory move from the Trump administration.
On Friday, Trump will hold the first-ever Crypto Summit at the White House.
Additionally, his family has launched its own cryptocurrency. Legal experts and analysts have differing opinions on whether a Congressional bill would be required to proceed with the reserve. Some experts argue that the reserve could be established through the U.S. Treasury Department’s Exchange Stabilization Fund. Meanwhile, Trump’s crypto group reportedly plans to build this stock market based on cryptocurrencies seized by law enforcement agencies.
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