Trump’s Crypto Announcement Triggers Market Surge
Donald Trump has shaken up the crypto market once again. On Sunday, he revealed five digital currencies being considered for a new U.S. “strategic reserve,” sparking a sudden surge in their values.
Posting on his Truth Social platform, Trump announced that a working group established early in his presidency is advancing plans for the reserve, which will include XRP, Solana, and Cardano. Investors responded immediately, driving XRP up by 34%, Solana by 22%, and Cardano by an impressive 63%.
Shortly after, Trump followed up with another post, stating that major players like Bitcoin and Ethereum would be at the “core” of the reserve. This sent Bitcoin soaring by over 10% and Ethereum climbing more than 12%, reversing some of the market’s recent losses.
The crypto sector had been struggling due to economic uncertainty, tariff concerns, and regulatory challenges, but Trump’s endorsement triggered a much-needed rebound.
This isn’t the first time Trump has influenced the crypto space. Both he and his wife, Melania, recently introduced their own meme coins, drawing mixed reactions. Meanwhile, Elon Musk—one of Trump’s close allies and the head of a government efficiency initiative—has frequently expressed his support for digital currencies, further fueling discussions about their future in mainstream finance.
With Trump’s latest move, the crypto world is once again on high alert, watching for what comes next.
