Crypto stocks rally, bitcoin jumps as Trump touts US crypto reserve
Crypto stocks rallied in early trading Monday after President Donald Trump said in a post on Truth Social that his administration will create a US crypto reserve.
In a post on Truth Social on Sunday, Trump said the US crypto reserve would include bitcoin, ether (ETH-USD), XRP (XRP-USD), solana (SOL-USD), and cardano (ADA-USD). Trump had previously issued an executive order to create a national crypto “stockpile” but did not name which cryptocurrencies would be included.
Strategy (MSTR), formerly known as MicroStrategy and the largest corporate holder of bitcoin, rose 12% while crypto miners Riot Platforms (RIOT) and MARA Holdings (MARA), formerly known as Marathon Digital, jumped 7% and 9%, respectively. Coinbase (COIN) climbed…
