#USCryptoReserve

What will the US crypto reserve include?

In his posts on Sunday, Trump initially mentioned that smaller currencies – XRP, Cardano, and Solana – would form part of the new national crypto stockpiles.

About an hour later, however, the president in a separate post said “and obviously, BTC and ETH…will be at the heart of the Reserve,” referring to Bitcoin and Ethereum, the top two cryptocurrencies by market value.

Markets immediately reacted favourably to the post with Cardano jumping about 60 percent to $1.25 from a previous $0.65, according to Coinbase crypto exchange – although by Monday it had again settled to about $0.97. Solana increased from about $150 to $170 and XRP jumped from $2.25 to $3, both currencies surging at rates of about 12 and 20 percent, respectively.

Meanwhile, Bitcoin and Ethereum gained more than 10 percent, with Bitcoin reaching $94,000 from a previous $86,000.

During his campaign, Trump courted the crypto industry and promised aggressive measures in support of the currencies once in power. Following his election win in November, the cryptocurrency market witnessed unprecedented surges – Bitcoin, for example, reached an all-time high of $109,000. However, the market slowed in the weeks after.