Trump's Crypto Surge: Bitcoin, Ether Soar as U.S. Strategic Reserve
1min read Bitcoin and Ether prices surged following former President Donald Trump's announcement that these cryptocurrencies, along with several others, would be included in a new U.S. strategic reserve. This unexpected move signals a significant shift in the government's stance on crypto, reinforcing its role in the financial system.
In a post on Truth Social, Trump revealed that his previously issued executive order on digital assets would establish a reserve featuring Bitcoin, Ether, XRP, Solana, and Cardano. While the order itself was public knowledge, the inclusion of these specific cryptocurrencies was undisclosed until now. Trump emphasized that Bitcoin and Ether would serve as the foundation of this reserve, marking a strong endorsement for the two largest cryptocurrencies. The announcement triggered an immediate market rally, sending prices soaring.
The market reacted swiftly, with Bitcoin jumping 8 percent to $93,007, reversing weeks of losses and rebounding from its lowest level since November. Ether followed, climbing 97 percent to $2,438. XRP saw an even more dramatic increase, surging 245 percent to $280. Solana spiked 187 percent to $17,027, while Cardano recorded a massive 588 percent gain, reaching $107. Dogecoin gained 107 percent to trade at $0.22. The broader crypto market gained nearly 8 percent overall, signaling renewed investor confidence.
Trump's support for Bitcoin as a strategic reserve asset builds on his earlier pledge to retain all Bitcoin held by the U.S. government rather than selling off confiscated crypto as previous administrations had done. Currently, the government holds an estimated 200,000 BTC, worth approximately $19 billion, mostly seized through law enforcement operations. Instead of liquidating these holdings, Trump's strategy integrates them into a long-term national crypto reserve.
When he took office in January 2025, Trump signed an executive order directing officials to explore the feasibility of a national digital asset stockpile. Administration sources suggest the goal is to leverage digital assets to help manage the country's staggering $36 trillion national debt while positioning the U.S. as a global leader in crypto adoption.
The announcement has sparked debate among financial analysts, policymakers, and crypto industry experts. Eric Trump, executive vice president of the 