On Sunday, U.S. President Donald Trump announced 5 cryptocurrencies that will be included in the new strategic reserve of U.S. cryptocurrencies, leading to a rise in the value of each during trading.

Trump stated on social media that his executive order issued in January regarding digital assets would create a stockpile of currencies including Bitcoin, Ether, Ripple (XRP), Solana (SOL), and Cardano (ADA). The assets increased by 10% to 35% in trading on Sunday. Other digital assets also rose.

Trump added that his order "directed the presidential task force to proceed with the strategic reserve of cryptocurrencies that includes XRP, SOL, and ADA. I will ensure that the United States is the capital of cryptocurrencies in the world."

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