Crypto Prices Surge After Trump Announces US Crypto Reserve

US President Trump has announced the creation of a “US Crypto Reserve,” including Bitcoin, Ethereum, XRP, Solana’s SOL token, and Cardano’s ADA. The announcement, made on Truth Social, is part of Trump’s Executive Order on Digital Assets, aiming to position the US as the “Crypto Capital of the World.”

The news triggered significant price surges, with Bitcoin rising over 10%, Ethereum over 13%, and other mentioned assets gaining at least 20%. Trump’s executive order, issued on January 23, focuses on regulating cryptocurrencies and developing a national digital asset stockpile.

In a follow-up post, Trump highlighted Bitcoin and Ethereum as the “heart of the Reserve,” expressing his support for the two leading cryptocurrencies. Further details are expected at the White House’s first Crypto Summit this Friday.

The announcement follows the launch and subsequent crash of Trump’s meme coin, $whichwas\; overshadowedbyFirstLadyMelania’s$Melania coin.