Trump Names Cryptocurrencies in Strategic Reserve, Boosting Market Prices – Economy news
In a post on Truth Social, Trump said his January executive order on digital assets would establish a stockpile of currencies, including Bitcoin, Ether, XRP, Solana, and Cardano. The specific names had not been previously disclosed.More than an hour later, Trump added: "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 capitalization, rose more than 11% to $94,164 on Sunday afternoon. Ether, the second-largest, gained about 13% to reach $2,516.The broader cryptocurrency market surged approximately 10%,...