Trump: Using executive order to promote cryptocurrency reserves, related assets surge over 75%, naming BTC, ETH, SOL, XRP, ADA

U.S. President Donald J. Trump announced through his official social media account that he will promote relevant policies to establish a strategic reserve of Cryptocurrency in the United States. Trump stated that this policy will cover various Cryptocurrencies, including XRP, Solana, and Cardano. An hour later, he also mentioned that Bitcoin and Ethereum are his favorites. With the support of the investment community, the overall market quickly rebounded.

Trump wants to make the United States the global capital of Cryptocurrency, making America great again

In his statement, Trump criticized the Biden administration's "corrupt attacks" on the cryptocurrency industry over the past few years and said the new policy would elevate the industry's standing. "After years of corruption attacks by the Biden administration, the U.S. Cryptocurrency Reserve will elevate this critical industry, which is why my Executive Order on Digital Assets directs the Presidential Task Force to advance the Cryptocurrency Strategic Reserve, which includes XRP, SOL, and ADA," he said. I will ensure that the United States becomes the encryption capital of the world. We're making America great again!"

And an hour later, he also added, "Clearly, BTC and ETH, as well as other valuable Crypto Assets, will become the core of reserves. I also like Bitcoin and Ethereum!" showing support for these two mainstream cryptocurrencies. In addition, Trump revealed that the executive order has instructed the President's working group to accelerate the implementation of the Cryptocurrency reserve plan.

The market response is enthusiastic, Polymarket prediction probabilities soar

Trump's remarks quickly triggered a strong market response. According to the latest data from the decentralized prediction market platform Polymarket, the probability of "Will Trump create a Bitcoin reserve within the first 100 days?" has surged from 11% to 22% in a short period of time, indicating investors' high expectations and confidence in Trump's new policies.

The price of the relevant coin increased significantly, with Cadano up more than 75%

Trump's named cryptocurrency immediately saw a significant increase, with bitcoin quickly pulling from a low of about $86,000 to $91,585, an increase of about 6.5%. The Ethereum price rose from a low of about $2,150 to $2,498, an increase of about 15%. And Solana soared from a low of about $141 to $175, an increase of as much as 24%

The XRP price has risen from a low of about $2.2 to close to $3, an increase of about 35%. However, the most eye-catching is Cardano, ADA price has surged from a low of about $0.64 to $1.14, an increase of nearly 75%, making it one of the most notable currencies in this rally.

This article Trump: Push encryption asset reserves by executive order, related assets surge over 75%, naming BTC, ETH, SOL, XRP, ADA first appeared in Chain News ABMedia.