$BTC $BNB $SOL #TrumpTariffs #MarketRebound #CryptoRoundTableRemarks #BinanceHODLerRESOLV
The "crypto" market experienced strong support after U.S. President Donald Trump announced the move towards creating a strategic reserve of digital assets, causing Bitcoin to jump by as much as 10%, reversing a month-long decline, following the president's announcement via his platform "Truth Social" on Sunday (although it fell the next day after the announcement of Trump's tariff plan on Canada and Mexico).
However, what sparked the biggest gains - during Sunday’s trading - was Trump's mention of lesser-known currencies such as "XRP," "Solana," and "Cardano" among the list of potential assets in the proposed reserve, with the "ADA" token associated with the "Cardano" chain rising by 71%.
According to Trump, the reserve will ensure that the United States becomes the "capital of cryptocurrency in the world." Both "Solana Labs" and "Ripple Labs," developers of the "Solana" and "XRP" tokens, are based in the United States, while the American Charles Hoskinson, who resides in Colorado, leads "Cardano."
In this context, a report published by the Financial Times answered key questions related to the strategic reserve of digital assets and the reason for Trump's specific choice of these currencies.