U.S. President Donald J. Trump announced via his official social media account that he will implement policies to establish a U.S. strategic cryptocurrency reserve. Trump stated that this policy will include multiple cryptocurrencies, such as XRP, Solana, and Cardano. An hour later, he also specifically mentioned Bitcoin and Ethereum as his personal favorites. Following his remarks, the crypto market quickly rebounded.

Trump Aims to Make the U.S. the Global Crypto Capital: “Make America Great Again”

In his statement, Trump criticized the Biden administration’s “corrupt attacks” on the cryptocurrency industry over the past few years. He declared:

“After years of corrupt attacks on the crypto industry by the Biden administration, the U.S. crypto reserve will elevate this crucial sector. That’s why my executive order on digital assets directs the Presidential Task Force to advance a strategic crypto reserve that includes XRP, SOL, and ADA. I will ensure that the United States becomes the world’s crypto capital. We are making America great again!”

An hour later, he added:

“Obviously, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserve. I also like Bitcoin and Ethereum!”

This statement reinforced his support for the two leading cryptocurrencies. Additionally, Trump revealed that his executive order has already instructed the Presidential Task Force to accelerate the development of the crypto reserve plan.

Market Reacts Strongly, Polymarket Predictions Surge

Trump’s remarks triggered a strong market reaction. According to the decentralized prediction market platform Polymarket, the probability of “Will Trump establish a Bitcoin reserve within the first 100 days?” surged from 11% to 22% in a short period, reflecting investors’ high expectations and confidence in Trump’s new policy.

Crypto Prices Surge, Cardano Soars Over 75%

The cryptocurrencies mentioned by Trump saw significant price surges:

• Bitcoin (BTC) rose from a low of approximately $86,000 to $91,585, a 6.5% increase.
• Ethereum (ETH) climbed from around $2,150 to $2,498, marking a 15% gain.
• Solana (SOL) skyrocketed from about $141 to $175, surging 24%.
• XRP jumped from around $2.2 to nearly $3, gaining approximately 35%.
• Cardano (ADA) was the biggest winner, spiking from $0.64 to $1.14, an astonishing 75% increase, making it the most notable performer in this rally.