Trump Boosts Crypto: Bitcoin Tops $95K as U.S. Strategic Reserve Unveiled

Cryptocurrencies surged on Sunday as President Donald Trump hyped up the U.S. strategic reserve, with Bitcoin (BTC-USD) briefly crossing the $95,000 mark. The rally came after Trump named five digital assets he expects to include in the new crypto strategic reserve.

In a series of tweets, Trump praised the potential of cryptocurrencies and their role in the global financial landscape. He specifically mentioned Bitcoin, Ethereum (ETH-USD), Ripple (XRP-USD), Litecoin (LTC-USD), and Cardano (ADA-USD) as key players in the U.S. crypto strategic reserve. This announcement sparked a wave of optimism among cryptocurrency investors, leading to a significant price increase across the board.

Bitcoin, the world's largest cryptocurrency by market capitalization, reached an all-time high of $95,000 on Sunday, marking a new milestone in its ongoing bull run. Other cryptocurrencies, such as Ethereum, Ripple, Litecoin, and Cardano, also experienced notable gains, with their prices surging by double-digit percentages.

The rally in cryptocurrencies comes as investors continue to seek refuge in digital assets amid ongoing geopolitical tensions and economic uncertainty. The U.S. strategic reserve announcement has further boosted confidence in the cryptocurrency market, with many investors viewing it as a sign of mainstream acceptance and validation.

However, it is essential to note that the cryptocurrency market remains highly volatile, and prices can fluctuate significantly in response to various factors. While the U.S. strategic reserve announcement has provided a temporary boost, investors should remain cautious and monitor the market closely for any potential changes in sentiment or regulatory developments.