Trump names cryptocurrencies in strategic reserve; prices spike
CNN
U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each.
U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each. Trump said on social media that his January executive order on digital assets would create a stockpile of currencies including bitcoin. The names had not previously been announced. The assets rose 8% to 62% in trading on Sunday. Trump said his order “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World.” More than an hour later, Trump added another post: “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.” Bitcoin, the world’s largest cryptocurrency by market value, was up around 8% at $90,828. Ether, the second largest cryptocurrency, was up 8.3% at $2,409.
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