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The Daily Hodl 2025-03-02 17:49:28

Bitcoin, Ethereum, XRP, Solana and Cardano Surge As President Trump Announces US Will Establish ‘Crypto Strategic Reserve’

Bitcoin, Ethereum, XRP, Solana and Cardano Surge As President Trump Announces US Will Establish ‘Crypto Strategic Reserve’

Bitcoin and the crypto market at large are surging as President Trump announces that the US will establish a “crypto strategic reserve.” On Truth Social, Trump says the reserve will include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). This announcement triggered a $100 billion surge in the global crypto market, with XRP soaring 37%, SOL 24%, and ADA over 70%, while BTC and ETH rose by 10% and 13%, respectively. Trump framed the reserve as a response to what he called “corrupt attacks” on the crypto industry by the Biden administration, emphasizing his goal to make the US the “crypto capital of the world.” Trump hasn’t confirmed exactly how he will create the reserve. He established a Presidential Working Group in a January executive order to explore the creation of a national digital asset stockpile, giving 30 days to identify regulations, 60 days for recommendations and 180 days for a full report. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin, Ethereum, XRP, Solana and Cardano Surge As President Trump Announces US Will Establish ‘Crypto Strategic Reserve’ appeared first on The Daily Hodl .

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