President Trump's Proposed Crypto Strategic Reserve

President Donald Trump announced plans to establish a U.S. cryptocurrency reserve, aiming to position the nation as the "Crypto Capital of the World." The reserve is set to include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This initiative has sparked mixed reactions; while some view it as a positive step for the crypto industry, others express concerns over potential volatility and security challenges. 
WSJ.COM

Market Reactions

Following the announcement, Bitcoin's price surged by 1.9% to $88,465, though it remains below its January peak of over $109,000. Other cryptocurrencies, including XRP, also saw price increases, with XRP rising by 1.8% to $2.52. However, gains were tempered by ongoing trade tensions, particularly regarding impending U.S. tariffs on Canada and Mexico, which have introduced volatility into the market. 
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