
Cryptocurrency markets soared following a groundbreaking announcement from former U.S. President Donald Trump, who officially named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as strategic reserve assets for the United States. This unprecedented move signals a new era of government-level recognition and adoption of digital assets, driving investor optimism worldwide.
Market Impact
Shortly after the announcement, major cryptocurrencies experienced sharp price increases:
- Bitcoin (BTC) surged past $60,000, marking a 10% daily gain.
- Ethereum (ETH) climbed above $3,500, up 8%.
- XRP, Solana, and Cardano each posted gains between 5% and 12%.
Investors are viewing this declaration as a massive step toward mainstream acceptance and global legitimization of cryptocurrencies, especially as part of a nation’s strategic reserves.
What This Means for Crypto
Experts believe this move will:
- Drive institutional investment into the crypto space.
- Increase regulatory clarity for digital assets in the U.S.
- Strengthen the role of cryptocurrencies as hedges against inflation and geopolitical risk.
Industry Reaction
Crypto leaders and analysts have celebrated the decision, calling it a historic milestone in digital finance. Many expect other countries to follow the U.S. lead in integrating cryptocurrencies into their national reserves.
📌 Source: CryptoNews
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