Donald Trump Announces US Crypto Reserve: Bitcoin, Ethereum, XRP, Solana and Cardano Surge

Key Takeaways

• President Donald Trump has announced plans to establish a U.S. strategic reserve of cryptocurrencies.
• He named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA) as key reserve assets.
• Following Trump’s statements, crypto prices soared, as BTC increased by over 10%, climbing over $92,000 again.

President Trump has announced the creation of a U.S. strategic crypto reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA).

His post caused a surge in crypto prices and sparked state-level Bitcoin reserve proposals.

With 24 States backing the idea, the push for a federal Bitcoin reserve is also gaining momentum, as Congress becomes more Bitcoin-friendly.

Trump Announces U.S. Crypto Reserve

U.S. President Donald Trump revealed on Truth Social that the U.S. government would establish a strategic reserve of cryptocurrencies.

His announcement, which followed his January executive order on digital assets, caused a surge in cryptocurrency prices.

At the time of writing, Bitcoin  had climbed over 10% to $92,459, and Ethereum had risen 11% to $2,456.

Trump later clarified that BTC and ETH would be central to the reserve, reinforcing his administration’s commitment to making the U.S. the global leader in digital assets.

“And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!,” Trump added in a later post.

Market Positive Reaction

As said, Bitcoin and Ethereum increased by double digits immediately after Trump’s posts on his social network. Other cryptocurrencies mentioned by the POTUS also saw a notable jump.

Solana increased by 24% to $174.37, and Cardano recorded a 61% rise, bringing the price of ADA to over $1. The global crypto market cap is at $3.12 trillion, up by 11% from the previous day.

Ripple’s XRP jumped by over 30% to $2.86. At the beginning of February, XRP’s price was above $3. The value has since plummeted by 35% and looked set to close the month below $2 — the lowest it has reached this year.

This pullback had shaken XRP holders’ confidence amid extreme market fear. With bearish momentum dominant, XRP faced a tough battle to regain the uptrend it experienced earlier. Now, Trump’s move may restore positive sentiment in XRP.

Lawmakers Confident on Reserve Plan

A push to create State-level Bitcoin reserves is gaining momentum. Nearly half of U.S. States are proposing legislation to invest in BTC.

Inspired by Donald Trump’s national Bitcoin reserve endorsement, lawmakers in 24 states have introduced bills to allocate public funds toward Bitcoin or related products.

However, resistance remains, with at least six States rejecting Bitcoin reserve proposals due to concerns over financial risks and taxpayer money.

Despite setbacks, 18 States continue to advance Bitcoin reserve legislation, with Arizona and Oklahoma leading the race. The national conversation is also shifting.

The 2024 elections brought more Bitcoin-friendly Congress members, which increased the likelihood of a federal Bitcoin reserve.