Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls Back

3 months ago

Bitcoin's (BTC) terms surged past $91,000 connected Sunday aft U.S. President Donald Trump announced crypto strategical reserves for the world's biggest economy.

In his archetypal announcement, Trump announced XRP, Solana (SOL), and Cardano (ADA) arsenic cryptocurrencies to beryllium included successful the reserve and aboriginal said BTC and ether (ETH) would besides beryllium portion of it.

XRP jumped 31% successful the past 24 hours to commercialized astir $2.80, portion ADA terms crossed supra $1 and SOL supra $160, some rising much than 20% connected Sunday.

Meanwhile, BTC was up 6% successful the past 24 hours, yet trading supra $91,000 aft prices stuck adjacent the 80,000 to the $84,000 range. ETH was supra $2,400, rising astir 10% successful the aforesaid clip period. The broader CoinDesk 20 Index (CD20) roseate a whopping 17% successful the past 24 hours.

The quality would besides assistance the prices of crypto-linked stocks specified arsenic Strategy (MSTR), Coinbase (COIN), Robinhood (HOOD), and bitcoin miners specified arsenic MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK).

Trump's determination volition apt bring bullish sentiment backmost into the integer assets space, which had been languishing for a week.

The crypto prices started to amusement signs of beingness connected Friday erstwhile the achromatic location said Trump would host a crypto acme connected March 7. Summit attendees are acceptable to see “prominent founders, CEOs, and investors from the crypto industry.

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