Trump announced the creation of the US cryptocurrency reserve

US President Donald Trump has announced that he intends to create a strategic crypto reserve for the country, which will include five digital assets: bitcoin, Ether, XRP, Solana and Cardano. 

Such news caused a sharp increase in all five cryptocurrencies: bitcoin increased by 11% to $95,151, and Ether – by 13% to $2,516. The total volume of the cryptocurrency market has increased by about 10%, which is equivalent to more than $300 billion.

As you know, Trump actively supported the crypto industry in his 2024 election campaign and recently held a cryptocurrency summit at the White House. Unlike the Joe Biden administration, which imposed restrictions, Trump stopped investigations against cryptocurrency companies and dropped the lawsuit against Coinbase.

Nevertheless, in recent weeks, the prices of cryptocurrencies have fallen, and some of them have lost almost all of their gains since the election. Analysts point to the need for factors such as a possible reduction in interest rates by the US Federal Reserve. 

Recall that on the night of February 28, the cost of bitcoin fell below $79 thousand, which happened for the first time since November 2024. And earlier, on January 20, the day of Trump's inauguration, the cryptocurrency reached a historic high, exceeding $109 thousand.