In a statement, US President Donald Trump expressed that the strategic crypto reserve, which will include Bitcoin and Ethereum, will elevate the crypto sector. Following Trump’s announcement, Bitcoin surged by nearly 10%, reaching over $93,000.

According to data from analysis firm Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by over 11% in 24 hours to reach $3.11 trillion. Bitcoin, the largest cryptocurrency, surged by almost 10% to surpass $93,000. This increase led to a weekly value gain of 3% for Bitcoin. Ethereum, ranked second in terms of market cap, also saw its price rise by about 12% to $2,457.

TRUMP’S STRATEGIC CRYPTO RESERVE ANNOUNCEMENT
US President Donald Trump stated that the strategic crypto reserve, including Bitcoin and Ethereum, will elevate the crypto sector. Trump defended that the US crypto reserve will boost this critical sector after years of corrupt attacks under the previous President Joe Biden administration. Therefore, Trump noted that a presidential decree regarding digital assets instructed the Presidential Working Group to progress on a strategic crypto reserve that includes XRP, SOL, and ADA, aiming to make the US the world’s crypto capital. Trump stated, “We will make America great again.” mentioning that Bitcoin and Ethereum, along with other valuable cryptocurrencies, will be at the heart of this reserve.