President Donald Trump announced the creation of a "strategic crypto reserve" that will include bitcoin, ether, XRP, Solana's SOL token and Cardano's ADA, in a post on Truth Social.

This is the first time Trump has specified his support for a crypto "reserve" versus a "stockpile."

Bitcoin had been in consolidation since the executive order on crypto issued in late January. It just closed its worst month since 2022.#trump