Trump names coins in strategic crypto reserve
The cryptocurrency market rallied Sunday after President Donald Trump announced the creation of a strategic national crypto reserve on social media platform Truth Social, which he owns.
The reserve is set to include bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, he wrote. It will “elevate this critical industry after years of corrupt attacks by the Biden Administration” as Trump focuses on “mak[ing] sure the U.S. is the Crypto Capital of the World.”
The announcement followed bitcoin’s Friday dip below $80,000, the coin’s lowest value in several months. Bitcoin climbed to over $94,000 Sunday and is worth $90,256 as of 12:30 p.m. Eastern time Monday.
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