France – 2025/01/20: In this photo illustration, Trump even, Trump The Crypto President, is seen displayed on a smartphone screen. (Illustration Photo of Romain Doucelin / Sopa Images / Lightrocket via Getty Images)
Romain Doucelin | Getty Images
The cryptocurrencies joined Sunday after the president Donald Trump announced the creation of a strategic crypto reserve for the United States which will include bitcoin And etheras well as XrpSolara GROUND Token and Cardano ADA.
“An American crypto reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my decree on digital assets ordered the presidential working group to move forward on a cryptographic strategic reserve which includes XRP, Sol and Ada,” he said in a job on social truth. “I will make sure that the United States is the cryptographic world capital.”
“And, of course, the BTC and the ETH, like other precious cryptocurrencies, will be at the heart of the reserve,” he said in a monitoring post. “I also love Bitcoin and Ethereum!”
XRP jumped 33% after the announcement while the token linked to Solana jumped 22%. Cardano’s part has climbed more than 60%.
Bitcoin increased by 10% to $ 94,425.29, after plunging a On the three -month side of $ 80,000 Friday. Ether, which has undergone some of the greatest losses in the crypto-year, won 12%.
On Friday, Trump is organizing the first summit of the White House crypto, and investors will closely monitor more indices on the management of reserve plans.
This is the first time that Trump has specified his support for “reserves” cryptography compared to a “stock”. Although the first actively supposes the purchase of crypto in regular payments, a stock would simply sell any of the crypto currently held by the United States government.
Bitcoin jumps on the announcement by Trump of a strategic cryptography reserve
Asset first introduced the idea From a stock of bitcoin, which “would keep 100% of all the bitcoin that the US government is currently holding or currently” last summer “in Bitcoin 2024 in Nashville, one of the largest conferences in the industry, where he began to court the Crypto vote. During the same event, Wyoming Senator Cynthia Lummis, presented her proposal for a national reserve strategic.
After his re-election in November, the drum for a Bitcoin strategic reserve became stronger, helping to send the price of the flagship cryptocurrency to new heights of all time. This momentum seemed to stop after Trump published his executive decree On crypto at the end of January. He called on the President’s working group on the crypto to assess the “potential creation and maintenance of a stock of national digital assets, potentially derived from cryptocurrencies legally seized by the federal government through its efforts to apply the law”, among others.
The industry had a lukewarm response to the language, in part because investors expected an emphasis on Bitcoin, while the term “digital active ingredients” suggested that the stock could include other cryptocurrencies without giving details.
“The launch of an American strategic reserve of Crypto marks a pivotal moment for digital assets, reflecting a major step in government engagement with cryptographic industry,” said Federico Brokate, head of the American company in 21Shares. “This initiative reinforces not only the role of Bitcoin as a maturation value store, but also underlines the importance of blockchain networks like Ethereum, Solana, XRP and Cardano in financial infrastructure, payments and decentralized finance.”
Bitcoin, in the absence of a specific catalyst for crypto, was in consolidation from the decree. He just closed his Worse month since 2022.
Watch: what the new dry cryptographic strategy means for industry
