Crypto prices spike after Trump’s strategic reserve announcement
On Sunday, US President Trump announced the creation of a “US Crypto Reserve” on Truth Social.
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According to the post, the digital asset reserve will include bitcoin, ether, XRP, Solana’s SOL token, and Cardano’s ADA. The move is intended to be a part of Trump’s Executive Order on Digital Assets, as a plan to make the US “the Crypto Capital of the World”.
The announcement boosted the prices of Bitcoin by over 10%, Ethereum by over 13%, and the other mentioned digital assets by at least 20%.
The aforementioned executive order was issued by Trump on 23 January, which involved…
