Trump Launches U.S. Crypto Reserve, ADA Soars 40%
The Most Important Points at a Glance
The cryptocurrencies Cardano (ADA), XRP, and Solana (SOL) have recorded double-digit price gains following an announcement by U.S. President Donald Trump. ADA, in particular, surged by over 40% within an hour. Trump announced the creation of a “U.S. Crypto Reserve,” which includes these three cryptocurrencies.
Strong Price Gains for ADA, XRP, and SOL
Following Trump’s announcement, the crypto market experienced a significant surge. According to CoinMarketCap, the ADA price reached $1.10, marking an increase of over 40% in the past hour. Within 24 hours, the price had risen by more than 74%.
XRP and SOL also benefited from the news. XRP reached $2.93, gaining over 15% in one hour. The daily gain amounted to more than 35%. Solana (SOL) climbed to $173.52, with a 24-hour increase of over 20%.
Trump’s Announcement of the “U.S. Crypto Reserve”
In a social media post, Trump announced the creation of a “U.S. Crypto Reserve.” This initiative aims to strengthen the crypto industry and will include ADA, XRP, and SOL. Trump criticized the previous regulations under the Biden administration and emphasized that the U.S. should become the “crypto capital of the world.”
Our Assessment
The announcement demonstrates that cryptocurrencies are gaining increasing political significance. The strong market reaction highlights confidence in regulatory clarity. Whether these price gains are sustainable depends on further developments. Investors should closely monitor the situation.
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