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The prices for cryptocurrencies rose on Sunday after President Donald Trump declared that a strategic US strategic reserve of digital assets would include both Bitcoin and less traded tokens.
Trump, who courted the crypto industry, said the strategic reserve “would” increase this critical industry after years of corrupt attacks by bidges “.
During his first days of office, Trump signed an executive order that supported and sworn digital assets and blockchain technology to create a national inventory of cryptocurrency – movements that investors celebrated.
On Sunday, Trump said Bitcoin and Ethereum said “the heart of the reserve”, and added that it would also include Solana, XRP and Cardano.
“I will make sure that the United States is the world’s crypto capital,” he wrote on his social report of the truth. “We make America great again!”
His comments gave prices in the industry after weeks of sales pressure Cryptocurrencies were affected by a loss of the risk of risky assets.
Bitcoin rose 10 percent to 94,118 US dollars, while Ethereum received 12 percent to 2,501 US dollars. Solana, the token that represents the blockchain, in which most of the memoins – including Trump’s own coin – rose by 24 percent to $ 174.64.
Ada, which represents the Cardano blockchain, rose 60 percent to USD 1.04 per token. XRP, the coin that was connected to the Payments Group Ripple, rose 32 percent to $ 2.87.
“It was an extraordinary day for currencies like Cardano. A strategic reserve is the sacred grail of the cryptom market, everything you can hope for, and a kind of experiment to the reserve currency of the USA, ”said Oskar Åslund, Chief Strategy Officer at AKJ, a European crypto hedge -fund broker.
He found that the digital prices had dropped steadily since the inauguration, which Trump’s claim to be a pro-crypto president was in contradiction to the inauguration.
“It didn’t run the way he had probably expected. The timing is pretty good for him. “
Dealers have given their frustration that the Trump government did not move faster to issue some of the reforms that he promised on the campaign path.
His administration was faster to stop asserting measures against the industry that the top securities regulator had under the former President Joe Biden described As the “Wild West. . . Full fraud, fraud and abuse ”.
Coinbase, a crypto exchange, said last month That the SEC had agreed to fall against the company that accused it not to register as a national securities exchange, broker or clearing agency.
Managers in other groups, including crypto exchange Twins And OpenSeahave also stated that securities regulators have investigated investigations into their business.
The White House will organize the first cryptocurrency summit this month, and the dealers will seek exactly according to the President’s working group that they are approaching the introduction of a crypto stock. This type of reserve was responsible for crypto dealers who believe that something like Fort Knox for gold – would buy and hold Bitcoin – would offer legitimacy to the wealth class.
Trump courted the crypto industry on the campaign path and led a Bitcoin conference in Nashville last July.
Speak last month Trump card said that he had ended “Joe Bidens war against Bitcoin and Crypto. We totally ended this war. “He added that his campaign” fully “won this vote.
