Trump Lifts Crypto Market With New Pledge for U.S. Digital Asset Reserve

President Donald Trump has reignited the cryptocurrency market with a major announcement: a U.S. strategic reserve of digital assets. His statement, posted Sunday on Truth Social, reversed a weeks-long slump in crypto prices, sending Bitcoin and other major tokens surging.

For the first time, Trump specified which cryptocurrencies would be included in this proposed reserve—Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The news fueled a market-wide rally, as investors took the commitment as a sign of growing institutional support for digital assets.

Crypto Prices Jump on Trump’s Announcement

Trump’s message had an immediate impact:

• Bitcoin (BTC) rebounded from a low of $78,000 last week to over $94,000—an 8% increase.

• Ether (ETH) rose 7%, climbing closer to its recent highs.

• Solana (SOL) surged 16%, benefiting from Trump’s explicit endorsement.

• XRP (XRP) spiked 20%, marking one of its strongest gains in months.

• Cardano (ADA) soared over 50%, as its inclusion in the reserve proposal brought newfound optimism to the token.

While Bitcoin and Ether have long been viewed as industry leaders, the inclusion of Solana, XRP, and Cardano in Trump’s strategic reserve plan is a game-changer. These three altcoins don’t typically receive the same level of mainstream Wall Street support, making this a significant boost for their long-term prospects.

Trump framed the initiative as a move to protect and grow the crypto sector, stating:

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration.”

Trump’s Deepening Involvement in Crypto

This isn’t Trump’s first foray into cryptocurrency. Just before his inauguration, his team launched two official meme coins—TRUMP for himself and MELANIA for First Lady Melania Trump—on the Solana blockchain. Both tokens have gained value since his latest post, with TRUMP up 14% and MELANIA increasing 2%.

In addition, Trump’s Truth Media & Technology Group (DJT) has announced plans to launch a Bitcoin exchange-traded fund (ETF) under its new Truth.Fi brand. The ETF would be one of the first government-backed crypto investment vehicles, adding further legitimacy to digital assets.

Will the U.S. Crypto Reserve Become a Reality?

While Trump’s announcement has shaken up the market, questions remain about how this reserve would actually work. Would the U.S. government buy cryptocurrencies directly? Would it be backed by seized assets? Would Congress need to approve the plan?

In January, Trump signed an executive order creating a presidential working group on digital assets, tasked with evaluating a national digital asset stockpile. The order states that part of this stockpile could come from cryptocurrencies lawfully seized by the federal government through law enforcement actions.

However, a broader government-backed crypto buying program—such as one proposed by Senator Cynthia Lummis—would likely require congressional approval. Lummis has suggested using Federal Reserve-backed gold certificates to purchase Bitcoin, positioning it as a long-term strategic asset for the U.S. economy.

“We need to help people understand that short-term volatility is normal for Bitcoin—it always has been,” Lummis stated “The goal of a strategic reserve is to build long-term value, not react to short-term swings.”

More Details Expected Soon

While Trump’s crypto reserve plan has energized the market, the finer details are still unclear. However, additional insights may emerge this Friday at a high-profile crypto summit, where Trump is expected to speak.

With the 2024 election cycle intensifying and digital assets playing an increasingly prominent role in economic policy, Trump’s embrace of cryptocurrency could have lasting implications—not just for investors, but for the entire financial system.

For now, one thing is clear: the U.S. government’s stance on crypto is shifting, and Trump’s latest move has injected new energy into an industry that had been bracing for regulatory uncertainty. Whether the strategic reserve becomes reality or not, digital assets are now firmly in the national spotlight.

Also Read: Trump Announces U.S. Crypto Reserve, Market Reacts as Bitcoin, XRP Surge