Home > Quick > Body

Trump announced a cryptocurrency war, and five cryptocurrencies, including bitcoin, were favored

clock
2025-03-02 20:18:51
On March 3rd, Trump tweeted on social media on Sunday that the United States will create a strategic cryptocurrency reserve, which will include Bitcoin, Ethereum, as well as Ripple, Solana and Ada. Affected by the news, cryptocurrencies rallied on Sunday. The post read: "For years, the Biden administration has unfairly cracked down on the cryptocurrency industry, and the U.S. cryptocurrency reserve will enhance this vital industry. I will ensure that the United States becomes the cryptocurrency capital of the world." In a subsequent post, he also said: "Obviously, Bitcoin and Ethereum will be at the heart of this reserve." Ripple rallied 33 percent on Sunday, Solana jumped 22 percent, Ada more than 60 percent and Bitcoin climbed $10,000 to nearly $95,000. < b > This is the first time Trump has explicitly supported the creation of a cryptocurrency "reserve" rather than a "reserve inventory". "Reserve" means regular and planned active purchases of cryptocurrencies, while "reserve inventory" simply means that the U.S. government will not sell any cryptocurrencies currently held.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.