The president of the United States, Donald Trumpsurprised today by announcing that this country will build a “strategic reserve” of digital assetswhich triggered cryptmonary prices.
Trump said his January executive order on digital assets would create a coin reserve including Bitcoin, Ethereum, XRP, Sol and Ada.
The names had not been previously announced, so the price of these cryptoactives shot up, registering Avings between 8% and 62% in Sunday’s operations.
Trump said he instructed “the presidential work group to advance in a strategic cryptocurrency reserve that includes XRP, Sol and Ada. I will make sure that the US is the world’s crypt capital,” he said.
More than an hour later, he added: “And, obviously, BTC and ETH, like other valuable cryptocurrencies, will be in the heart of the reserve.”
Strong rapts of cryptocurrencies
Bitcointhe largest cryptocurrency in the world by market value, increased Au $ 98,700.
Ethereumthe second largest cryptocurrency, rose 13.9%, au $ 2,506.
Meanwhile, the other Altcoins mentioned Trump had huge climbing in their contributions. The most notable was Cardano (ADA), which climbed 69% in the last 24 hours and quotes au $ s 1.07.
For its part, XRP rose 36.1% (US $ 2.92) and Solarium (Sun) grew 24.6% to quote AU $ S 174.73.
Trump and the support of the crypto world
The Republican president won the support of the crypto industry in his 2024 electoral candidacy, and has quickly proceeded to support his political priorities.
Under his Democratic predecessor, Joe Bidenregulators took energetic measures against industry in an attempt to protect Americans from fraud and money laundering.
However, in recent weeks, the prices of cryptocurrencies have dropped considerably, with some of the largest digital currencies by erasing almost all the profits obtained after Trump’s electoral victory triggered a wave of enthusiasm throughout the industry.
Analysts say the market needed a reason to upload, as indications that the Federal Reserve of the US plans to cut interest rates or a pro-described regulatory framework of the Trump administration. However, it is not yet clear how the new reserve will be established or will work.
Source: Ambito
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