US President Donald Trump announced today, Sunday, the names of five cryptocurrencies that are expected to be included in the new strategic reserve for digital currencies, which has significantly contributed to their increase in value.
Trump mentioned via social media that the executive order he issued last January regarding digital assets aims to create a stock of cryptocurrencies, including Bitcoin, Ether, XRP, Solana, and Cardano. These names have not been disclosed before.
These cryptocurrencies have seen an increase in their value ranging between 8% and 62% during trading on Sunday. Trump clarified that the executive order he issued has provided "guidance to the presidential task force to follow up on the creation of the strategic reserve for cryptocurrencies, including Ripple, Solana, and Cardano."
After more than an hour of this announcement, Trump returned to confirm in another post that "Bitcoin and Ether will undoubtedly be at the heart of the reserve, alongside other valuable cryptocurrencies."
Following this announcement, the value of Bitcoin, the largest cryptocurrency by market capitalization, increased by 8% to reach $90,828, while the value of Ether, the second largest cryptocurrency, rose by 8.3% to reach $2,409.
It is noteworthy that Trump received widespread support from the cryptocurrency industry during his 2024 election campaign and quickly began to advocate for policies that serve the interests of this industry.