Recently, U.S. President Donald Trump announced the inclusion of five cryptocurrencies in the new U.S. strategic reserve for digital currencies. These currencies are:
Bitcoin: The largest cryptocurrency by market capitalization.
Ethereum: The second-largest cryptocurrency.
XRP: A well-known digital currency.
Solana: A prominent cryptocurrency.
Cardano: A distinguished digital currency.
Following this announcement, these currencies saw significant increases in their market values. Bitcoin rose by 8% to reach $90,828, while Ethereum increased by 8.3% to reach $2,409.
This decision reflects the trend towards enhancing the role of digital currencies in the U.S. economy and boosts confidence in the digital asset market.