Posnier collects after Trump Bitcoin’s names and others for our strategic reserve Money News

The prices of the cryptocurrency jumped after Donald Trump revealed that he wanted to be bitcoin and other less traded symbols in the new strategic encryption reserve in the United States.

He said that his executive order in January on digital assets would create stocks of currencies, including BitcoinEthereum, XRP, Solana and Cardano (ADA).

The names have not been announced before.

US President He said in a post on the social truth: “The United States encryption reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive request on digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada.”

“I will make sure that the United States is the world of encryption in the world.”

He said in a follow -up job: “It is clear that BTC and ETH, like other cryptocurrencies, will be at the heart of the reserve.” “I also love bitcoin and ethereum!”

Bitcoin, the world’s largest encrypted currency at the market value, increased by more than 11 % to 94,164 dollars after Sunday’s announcement.

Ethereum, the second largest encrypted currency, rose by about 13 % at $ 2,516.

XRP rose 33 % while the distinctive symbol jumped with Solana by 25 %. The Cardano coin increased more than 60 %.

Bitcoin was trading about 20 % of its lowest levels last week.

the total Coded The market has risen about 10 %, or more than 300 billion dollars (238 billion pounds), in the hours that have passed since the announcement, according to Cryptocurrency data and COININECKO analysis.

This is the first time that Mr. Trump has determined his support for the encryption reserve “instead of” stock “. While the previous one is supposed to purchase the encryption actively in regular installments, the stock will not sell any of the encryption that the United States government is currently preserved.

Mr. Trump will host the first White House encryption summit on Friday, and investors will closely see more clues about the direction of reserve plans.

His family also launched their own coins, Including his wife Melania.

Read more from Sky News:
Tiktok and Reddit investigated the use of children’s data
Touch the spacecraft funded by the private sector on the moon

Mr. Trump presented for the first time an idea a Bitcoin StockpileAnd that “will keep 100 % of all bitcoin currently maintained by the United States government or gets it in the future” last summer at the main Bitcoin 2024 conference in Nashville.

After his re -election to the White House in November, there were more invitations to the Bitcoin Strategic Reserve, helping to send the price of the leading cryptocurrency to new levels at all.

Under his democratic predecessor, Joe Biden, the organizers coordinated the industry in an attempt to protect Americans from fraud and money laundering.

During the era of Mr. Trump, the Securities and Stock Exchange Committee withdrew investigations into several encryption companies and brought down a lawsuit against Coinbase, the biggest encryption exchange in the United States.

But in recent weeks, encryption prices have decreased sharply, as some of the largest digital currencies have raised almost all the gains made after Mr. Trump’s victory in the elections throughout the industry.