Bitcoin (BTC) jumped above $ 91k after the news was returned to the US Crypto Reserve by Trump
The price of Bitcoin (BTC) passed $ 91,000 on Sunday after US President Donald Trump announced strategic crypto reserves for the world’s largest economy.
In his preliminary announcement, Trump announced XRP, Solana (Sol), and Cardano (ADA) as cryptocurrencies to be included in the reserve and eventually BTC and Ether (ETH) said it would be part of it.
Read more: Donald Trump named XRP, Sol, ADA, BTC and ETH as part of the US Crypto Reserve
The XRP jumped 31% in the last 24 hours to trade around $ 2.80, as the ADA price crossed above $ 1 and Sol above $ 160, both of which increased by more than 20% on Sunday.
Meanwhile, the BTC reached 6% in the last 24 hours, finally trading above $ 91,000 after prices stuck near 80,000 to $ 84,000 range. ETH is over $ 2,400, rising about 10% at the same time. The wider CoinDesk 20 Index (CD20) rose 17% in the last 24 hours.
The news will also contribute to the prices of crypto stocks such as Strategy (MSTR), Coinbase (Coin), Robinhood (Hood), and Bitcoin Miners such as Mara Holdings (Mara), Riot Platform (RIOT), and Cleanspark (CLSK).
Trump’s move is likely to restore bullish feelings to the digital assets space, which is one week.
Crypto prices started to show life signs on Friday when the White House said Trump will pose A crypto summit on March 7. Those who attend the summit are set to include “known founders, CEOs, and investors from the crypto industry.
Read more: Crypto prices show signs of recovery with Bitcoin above $ 84k amid Trump’s summit plans
