Trump Announces US Crypto Reserve Featuring Bitcoin, Ethereum, and Altcoins
- Bitcoin surged past $93,000 after President Trump announced plans for a U.S. strategic crypto reserve including various digital currencies like Bitcoin and Ether.
- The announcement led to a significant rally in cryptocurrencies, with Bitcoin reaching $95,000 and smaller coins seeing double-digit gains.
- Investors eagerly await details from the upcoming White House Crypto Summit regarding the reserve's implementation and potential regulatory reforms.
- Trump indicated a desire for the U.S. to become the "Crypto Capital of the World," boosting market confidence.
350 Articles
350 Articles
Trump's announcement that he wants a U.S. 'Crypto Strategic Reserve' sent crypto prices on short-lived surge
Cryptocurrency prices briefly jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency prices as a barometer of his public support.
Bitcoin's back to where it started after strategic reserve spike (BTC-USD:Cryptocurrency)
Bitcoin (BTC-USD) on Monday erased the gains it scored on Sunday when President Donald Trump announced plans to build a strategic crypto reserve with bitcoin, ethereum (ETH-USD), XRP (XRP-USD), solana (SOL-USD), and cardano (ADA-USD).
'New level of corruption': New Trump monetary policy outrages critics
U.S. President Donald Trump's announcement Sunday of the names of digital assets he expects to include in a yet-to-be-established national cryptocurrency reserve was seen as his latest corrupt gift to an industry that pumped tens of millions of dollars into the 2024 election and Trump's inauguration. In a post to his social media platform Truth Social, Trump wrote that the new reserve will include Bitcoin, Ether, XRP, Solana, and Cardano. "I wil…
Trump proposal to create 'crypto strategic reserve' vexes some industry supporters
President Donald Trump said Sunday that he is directing his newly created digital assets working group to move forward on creating a “crypto strategic reserve” along the lines of existing U.S. reserves of gold and oil.
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