US President Donald Trump has announced plans to create a strategic crypto reserve, featuring five major cryptocurrencies: *Bitcoin (BTC)*, *Ethereum (ETH)*, *XRP*, *Solana (SOL)*, and *Cardano (ADA)*. This move is expected to elevate the crypto industry and make the US the global leader in digital assets.ยน
The reserve is part of Trump's executive order on digital assets, which aims to promote American leadership in the sector. The president believes that a strategic crypto reserve will help the US maintain its economic dominance and create new opportunities for growth.ยฒ
Following Trump's announcement, the prices of the mentioned cryptocurrency is surged. *XRP* rose by 32%, *SOL* increased by 23%, and *ADA* soared by 63% within two hours. *BTC* and *ETH* also experienced significant gains, with BTC climbing over 10% to $92,459 and ETH rising 11% to $2,456.
The creation of a strategic crypto reserve is a significant development for the crypto industry, and its impact will likely be felt globally. As the US moves forward with this initiative, it will be interesting to see how other countries respond and whether they will follow suit.
