archiveUS crypto strategic reserve

Bitcoin and other cryptocurrency prices jumped after President Donald Trump named them in a post about a crypto strategic reserve. The price of Bitcoin jumped more than 10% on Sunday, after President Donald Trump said it would be part of a Crypto Strategic Reserve, along with a handful of other digital currencies. Although he didn’t initially mention Bitcoin by name, he did name smaller digital assets whose prices also spiked. In a post on Truth Social, Trump said his executive order on digital assets directed the Presidential Working Group to...

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. The names had not previously been announced.Bitcoin and ether would be at the heart of this reserve, he posted on Sunday.The post sent the world’s largest cryptocurrency up by more than 20 per cent from the November lows it was trading at on Friday, helping flip sentiment on a token that has been sliding since mid-January on disappointment Trump has not...

In recent weeks, though, cryptocurrency prices are down sharply, with some of the biggest digital currencies erasing nearly all of the gains made after Trump’s election win triggered a wave of excitement across the industry.read moreUS President Donald Trump said on Sunday that three cryptocurrencies—XRP (Ripple), SOL (Solana), and ADA (Cardano)—will be included in a new US crypto strategic reserve, spiking their value in market trading.In a social media post, Trump said that his January executive order on digital assets would establish a reserve featuring these currencies. Following the announcement,...