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Trump Reignites Crypto Trade With Social Media Posts

Trump reveals U.S. crypto reserve plans with BTC, ETH, XRP, SOL, and ADA, driving market spikes.

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Former U.S. President Donald Trump announced on Truth Social the inclusion of five digital assets in a planned U.S. strategic cryptocurrency reserve, sending their market values surging on Sunday. Trump stated that his January executive order on digital assets would establish a reserve featuring Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). The specific tokens had not been disclosed until now. Over an hour later, he reiterated: "And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve."

Following the announcement, Bitcoin jumped over 10%, while Ether surged 11 percent. XRP, the token associated with Ripple Labs, also gained attention. Ripple has actively backed a super PAC aiming to influence crypto-friendly policies in the upcoming U.S. congressional elections, according to Reuters.

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