Source: Reuters
“U.S. President Donald Trump on social media announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies on Sunday, spiking the market value of each. Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. The names had not previously been announced. More than an hour later, Trump added: ‘And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.’ Bitcoin, the world’s largest cryptocurrency by market value, was up more than 11% at $94,164 Sunday afternoon. Ether, the second-largest cryptocurrency, was up about 13% at $2,516.” (03/02/25)