Trump’s Crypto Reserve Plan Sparks Market Surge
Bitcoin and several other major cryptocurrencies soared after U.S. President Donald Trump revealed details about a Crypto Strategic Reserve. In a Truth Social post on Sunday, Trump confirmed that Bitcoin, Ethereum, XRP, Solana, and Cardano would be part of this Crypto Strategic Reserve, which causes prices to jump. Bitcoin jumped over 20% from last week’s lows, reaching approximately $93,057, while Cardano surged over 70%, and XRP and Solana gained more than 30% and 20%, respectively.
Trump's announcement comes after a period of declining prices and uncertainty in the crypto industry. While his January executive order hinted at a potential digital asset stockpile, it lacked specifics, disappointing many investors. Now, with Trump openly pledging to make the U.S. the "Crypto Capital of the World," the market has responded with renewed enthusiasm. However, questions remain about how the reserve will be funded—whether it will be through taxpayer money or government-seized assets.
The rally has helped reverse some of February’s steep losses, which marked the worst month for crypto since 2022. Trump’s promise of regulatory rollbacks and a pro-crypto stance has been a key driver of recent coin price increases, especially after the Securities and Exchange Commission (SEC) dropped lawsuits against major exchanges like Coinbase and Binance. Many investors see Trump’s administration as a turning point after what he called "corrupt attacks" on crypto under Joe Biden.
Despite the excitement, analysts warn that market expectations could outpace reality if more details about the reserve aren’t provided soon. With Trump hosting the first-ever White House Crypto Summit on Friday, many are looking for concrete policies beyond social media announcements. If expectations aren’t met, the market could see another sharp pullback.
For now, however, crypto traders are celebrating. As one analyst put it, "Trump just gave the pump that crypto traders have been holding out for."
