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Crypto stocks rally, bitcoin jumps as Trump touts US crypto reserve

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…

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