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Crypto market gains $300B amid Trump’s crypto strategic reserve announcement
The market reaction came after Trump took to Truth Social on Mar. 2, reaffirming his commitment to making the U.S. “the Crypto Capital of the World.”
His latest executive order directs the Presidential Working Group on Digital Assets to move forward with establishing a national crypto reserve, which will include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA).
Bitcoin surged 8% in the last 24 hours, breaking above $93,000, while Ethereum jumped 11%. The gains in other altcoins were much greater, with Cardano surging 66% surge, Solana up 20%, and XRP soaring 28%. At $163.9 billion in market capitalization, XRP surpassed USDT to become the third-largest cryptocurrency, according to crypto.news price tracker. 0 reply
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