This week marks an intriguing time for crypto as a swift decline is rapidly reversing. It’s a fact that crypto have embarked on a new path with Trump. While the recent surge may seem somewhat exaggerated, the long-term softening of the regulatory environment and discussions around reserves provide supportive conditions for the market. So, what’s happening?
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Just moments ago, Trump announced that ADA, XRP, and SOL coins would be included in the crypto reserves. Following this announcement, ADA experienced nearly a 70% increase. Meanwhile, BTC approached $91,800. The most significant development came from ETH, which continued the day with an 11% rise, reaching $2,447.
In addition to his initial post, Trump wrote:
“And of course, BTC and ETH, like other valuable crypto, will be at the heart of the reserves. I love Bitcoin and Ethereum !”.
This sends a clear message regarding the progression towards a significant U.S. crypto reserve consisting of BTC, ETH, ADA, SOL, and XRP. Tomorrow, ETF investors may realize they made billion-dollar sales at an inopportune time and could quickly move to purchase. Crypto now need to positively diverge from macro developments.
#USCryptoReserve #MarketSentimentToday #TRUMP
