- Donald Trump has announced a national strategic crypto reserve, including Bitcoin, Ethereum, Solana, XRP ($2.80), and Cardano.
- Following a period of significant market decline, Trump’s announcement spurred a rapid recovery, with Bitcoin and several altcoins experiencing substantial gains.
- Cardano saw an impressive 68% increase in just 24 hours, marking one of the largest single-day jumps in recent memory.
- The details of the reserve’s implementation remain unclear, with some speculating it may involve pre-existing government-held crypto assets rather than new purchases.
It took about six weeks, but it’s finally here – the US Strategic crypto reserve.
After the idea was first introduced by Senator Cynthia Lummis last year, speculation had mounted among the community whether it could become a reality.
And now, according to US President Donald Trump, it has.
The current leader of the United States took to Truth Social to announce the implementation of a national strategic reserve containing Bitcoin, Ethereum, Solana, XRP and Cardano.
And, we were off.
Related: US Bitcoin ETFs Surpass Record 7-Day Outflow Streak as Billions Leave Funds
Cardano Explodes Nearly 70% in Massive Single-Day Growth
After a week of calamitous price action, most major cryptocurrencies had fallen to 2025 lows. The dark red mist hovered over the market, and the crypto sector was desperate for some good news to drag us out of the lull.
With so much money bleeding from the market over the last fortnight, it looks like investors were already primed for a correction – and Trump’s announcement kicked things into overdrive.
Bitcoin quickly recovered to over US $90k (AU ($9.91) $145k), posting 10% gains in the last 24 hours.
Solid, but is anyone surprised that BTC ($92,999.05) rebounded from its 2025 lows?
But the altcoins are another story.
Ethereum, suffering from a lackluster 12 months, jumped 13% on the news, while XRP and Solana broke out of their slumps to gain 34% and 24% respectively.
However, it was one coin in particular that sent out reminders of altcoin seasons of cycles past.
Cardano (ADA ($1.06)), is still trading well below its all-time high – but after the last 24 hours, the project is making a pushback to its glory days. The coin ballooned a whopping 68% in just 24 hours of trading, in one of the biggest single-day jumps in recent memory.
ADA 24-hour chartPath Forward Unclear, Will Reserve Need to Pass Senate?
The Strategic Reserve itself may not necessarily involve the US Government actually buying digital assets.
Although details are still quite murky, some believe the Government will simply build the Reserve out of its pre-existing holdings.
For years, the US Government has held, and eventually sold, all crypto assets seized via law enforcement. This would likely be the simplest path forward for the Reserve, requiring the least regulatory and legislative work.
However, if Trump and co wish to build the stockpile through Treasury investment — or another, similar vessel — we may still have to wait for a dogfight in the Senate before the reserve goes live.
Raise your hand if you think @realDonaldTrump should make the national “digital asset” stockpile BITCOIN ONLY 
pic.twitter.com/8gM9Phgutk
— Walker
(@WalkerAmerica) January 23, 2025
Not everyone is happy that Trump is including assets other than Bitcoin in the stockpile…but after a rough few weeks, holders will take any good news they can get.
The post XRP, ADA Skyrocket as Trump Says Strategic Reserve to Include Bitcoin, Ether, Solana, XRP and Cardano appeared first on Crypto News Australia.
