Multiple cryptocurrencies experienced significant gains after U.S. President Donald Trump announced plans to establish a strategic reserve for digital assets.
In an online statement, Trump identified Bitcoin, Ether, XRP, Solana, and Cardano as key assets for the reserve. He emphasized that Bitcoin and Ether would be central, stating, “And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve.”
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Following the announcement, Bitcoin surged over 10%, reaching $94,000, while Ether climbed to $2,516.
Ripple’s XRP was also listed among the reserve assets. Experts believe Trump’s decision will accelerate cryptocurrency adoption and offer clearer regulatory direction.
While many welcomed the move, some voiced concerns over the inclusion of cryptocurrencies beyond Bitcoin, arguing that they resemble tech investments rather than true stores of value
