Publisher: Maaal International Media Company
License: 465734
Digital markets witnessed an immediate reaction to the decision of US President Donald Trump to include five cryptocurrencies in the US strategic reserve, in a move described as a radical shift in US monetary and financial policy, after the previous administration imposed more restrictions on cryptocurrencies.
The values of the selected cryptocurrencies rose by rates ranging between 8% and 62% during trading on the day of the announcement, amid a wave of optimism among investors in the digital currency sector. This shift comes after years of strict control over cryptocurrencies, imposed by previous administrations, which makes this announcement a turning point towards the adoption of digital currencies as strategic assets in US economic policy.
The selected currencies are Bitcoin, whose market value according to today’s trading is approximately $83,000, Ethereum $2,000, Ripple $2.36, Solana: $137, and Cardano $0.8.
This decision came to confirm the US President’s orientation towards adopting digital assets as part of the future financial system. Trump confirmed during a press conference that this step aims to strengthen the position of the United States as the global capital of cryptocurrencies, noting that digital assets have become an integral part of the modern economy. He added that the main goal is to achieve stability in the cryptocurrency market, enhance transparency, and ensure US control over the future of this growing sector.
Bitcoin’s value rose over the weekend after President Donald Trump announced a strategic reserve for cryptocurrencies in the United States, revealing new details about the long-awaited move by cryptocurrency industry supporters. Bitcoin was last traded above $92,000, up 18% from its lowest level on Friday at $78,226.23.
Ether also rose 13% during the same period, reaching about $2,300. Meanwhile, Coinbase and Robinhood shares rose 9% and 7% in pre-market trading, while MicroStrategy shares jumped 12%. This news was positive for investors who had been waiting for the cryptocurrency to emerge from its consolidation phase. Last week, Bitcoin fell below $90,000 for the first time in three months, at one point falling 25% below its all-time high in January.
This drop below support put it at risk of sliding towards $70,000, with losses being heavier in smaller, more volatile coins.