U.S. Government Announces Strategic Cryptocurrency Reserve Plan: Major Coins Surge
The U.S. government has unveiled a strategic cryptocurrency reserve plan, leading to a significant surge in major digital asset prices.
President Trump Announces Cryptocurrency Reserve Plan
On March 2, 2025 (local time), U.S. President Donald Trump announced that the U.S. government would strategically accumulate five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
President Trump made the announcement via his social media platform, Truth Social, expressing his vision for the U.S. to become the "global capital of cryptocurrency." He stated, "The U.S. cryptocurrency reserve will save this industry from the negative impact caused by the Biden administration. This is why I issued an executive order directing a task force to initiate a strategic reserve of digital assets." He further emphasized, "Bitcoin and Ethereum will be at the core of this reserve," adding, "I strongly believe in the future of Bitcoin and Ethereum."
Market Reaction: Cryptocurrency Prices Skyrocket
Following the announcement, the cryptocurrency market responded with a sharp upward movement:
- Bitcoin (BTC): Surged by over 8%, surpassing $93,000
- Ethereum (ETH): Increased by 7%
- Ripple (XRP): Jumped by 16%
- Solana (SOL): Rose by 13%
- Cardano (ADA): Skyrocketed by more than 50%
Market analysts believe that the U.S. government’s decision to establish a strategic cryptocurrency reserve sends a strong signal of institutional support, boosting investor confidence worldwide. Experts suggest that the details of the U.S. government’s accumulation plan, along with further market reactions, will play a crucial role in shaping the future of cryptocurrency prices.