Old Trump announced a trading call at 11:24 PM on Sunday, causing a rise in cryptocurrencies across the board, with Bitcoin briefly reaching a high of $95,000, an astonishing speed of a 10,000-point increase. The second-largest cryptocurrency, Ethereum, briefly returned to $2,500, ADA surged over 50%, SOL rose more than 20%, and XRP, associated with Ripple, increased by 30%, helping these coins recover some of the significant losses from last month. This also marks the first time since Old Trump took office over a month ago that he has expressed loyalty to the cryptocurrency industry.

The post stated that the administrative order regarding cryptocurrencies "instructs the president's task force to advance a cryptocurrency strategic reserve that includes XRP, SOL, and ADA." An hour later, he published a second post adding, "Clearly, Bitcoin and Ethereum, along with other valuable currencies, will be at the core of the reserve. I also like Bitcoin and Ethereum." The strategic reserve refers to the government purchasing and storing currencies as part of national reserves, similar to traditional reserve assets like gold or foreign exchange. In layman's terms: the U.S. government will publicly support cryptocurrencies, but be cautious with Old Trump's unpredictable nature, as the current price volatility stems from market sentiment, with potential risks to be wary of.

Although Bitcoin was not explicitly mentioned in the January executive order, which disappointed some of its most outspoken supporters, this act of loyalty has significantly boosted the confidence of most people in the market!

The market is getting out of hand; a 10,000-point fluctuation in an hour is also a drawback!