Trump Announces U.S. Crypto Reserve, Bitcoin Surges Past $92K

Cryptocurrencies surged Sunday after U.S. President Donald Trump fulfilled a campaign pledge to establish a U.S. Crypto Reserve, boosting investor confidence.

Trump announced on Truth Social that the reserve would include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). In a post, he criticized the Biden administration's regulatory stance and reaffirmed his commitment to making the U.S. the "Crypto Capital of the World."

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote. He emphasized that his Executive Order on Digital Assets instructed the Presidential Working Group to form a strategic reserve including XRP, SOL, and ADA, alongside BTC and ETH.

Markets reacted swiftly. By 2 PM ET, Bitcoin soared 8% to over $92,000, Ether climbed 10%, XRP surged 23%, SOL jumped 19%, and ADA skyrocketed 50%.

MicroStrategy Chairman and Bitcoin advocate Michael Saylor celebrated the announcement, stating, "Bitcoin is the foundation of the crypto economy."

Trump’s pro-crypto stance has reignited enthusiasm in digital assets, with analysts predicting further price movements. The announcement strengthens speculation about U.S. regulatory shifts in favor of cryptocurrencies, positioning the country as a potential leader in the blockchain industry.