Bitcoin, Ada, XRP, Ethereum, Sol: Why are encryption prices increasing today?
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The main encrypted currencies rose after Donald Trump announced Bitcoin, Ether, XRP, Solana and Cardano in an American encrypted currency reserve. The market increased by 10 %, adding $ 300 billion.
The total Cypocruncy market increased by about 10 % or more than $ 300 billion after hours of Trump’s announcement.
High encryption currency prices: The main encrypted currencies have witnessed great gains in the past 24 hours after social media announced by former US President Donald Trump. Trump said that five digital origins – Bitcoin, Ether, XRP, Solana, and Cardano – will be included in the Cross Currency Reserve in the United States.
This declaration stimulated an increase in the total cryptocurrency market, which increased by approximately 10 %, adding more than $ 300 billion.
The price of Bitcoin increased by 8 % within 24 hours after the announcement, reaching more than $ 92,000 on Coinmarketcap.com. XRP has seen a 28 % increase, approaching the $ 3 sign.
ETHEREUM, currently the second largest encrypted currency by maximum market, has witnessed a 11.14 % jump, exceeding $ 2,400.
Solana, another cryptocurrency in the Trump plan, increased by 20 % to $ 173.24, while Cardano saw a remarkable increase by 61 %, reaching a mark of $ 1.
Trump’s plan is expanding to the American Crusher Currency Reserve, which was disclosed in Truth Social, based on an executive order in January on digital assets. The specified cryptocurrency that will be included in the reserve has not been revealed to this last announcement.
In a later post, Trump stressed the importance of Bitcoin and Ethereum, saying that, along with other encrypted currencies, they will form the core of reserves.
Trump is actively sought to obtain support from the encryption industry for his 2024 election campaign, taking advantage of support for encryption policies. The first White House encryption summit is scheduled to host Friday, and his family launched the coins of the cryptocurrency.
Under the Trump administration, the Securities and Stock Exchange Committee (SEC) stopped investigations into several cryptocurrencies and a lawsuit against Coinbase, the largest encryption exchange in the United States.
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