President Trump Announces Creation of US Crypto Reserve

• The reserve will include Cardano, XRP, and Solana along with the top two cryptocurrencies.
• The announcement led to ADA gaining over 70% in the 24-hour chart.

The cryptocurrency market surged after President Donald Trump’s announcement, with Cardano, XRP, and Solana seeing significant gains. Cardano (ADA) experienced the most remarkable increase.

According to CoinMarketCap, ADA traded at $1.10 with a market cap exceeding $38 billion. The coin jumped over 40% in the last hour, reaching a 24-hour uptrend of over 74%. Trading View data also indicated a sharp uptick coinciding with Trump’s declaration.

XRP and Solana also exhibited upward trends, with XRP gaining over 15% and Solana over 10% in the past hour. XRP was priced at $2.93 and showed a daily increase of more than 35%, while SOL traded at $173.52 with a 20% rise in the 24-hour chart.

President Trump’s Announcement on Cardano and Other Cryptos

Earlier today, Trump announced the establishment of the U.S Crypto Reserve via social media, stating:
> “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration…”

He emphasized:
> “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

In a subsequent post, he highlighted that the reserve would center around the top two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), noting, “And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!”

This additional message gave Bitcoin a notable boost, which had recently been on a decline. At that point, Bitcoin was trading above the $90k mark at $91,210, with gains of over 4% in the hour and over 7% in the daily chart.

Ethereum appeared to be performing better overall, trading at $2,438, with a 9.50% rise in the past hour and over 10% in the 24-hour chart, although its 7-day performance showed a downtrend of over 13%.