XRP, Solana … What cryptocurrencies do Donald Trump want to include in his national reserve project?

In a message published on TRUTH Social Sunday afternoon, Donald Trump unveiled the list of cryptocurrencies he intends to integrate into his national reserve, of which he launched the design work by signing a decree on January 23.

“The creation of an American reserve of cryptocurrencies will allow this essential sector to develop after years of corrupt attacks from the Biden administration,” writes the president freshly elected on his social network.

Five cryptocurrencies concerned

“This is why my decree on digital assets asked the presidential working group to move forward with a strategic cryptocurrency reserve which includes XRP, soil (Solana) and ADA (Cardano),” continues Donald Trump. The value of the three digital currencies has skyrocketed as a result of the news, the XRP exchanging approximately 34 %. Solana won around 22 % and Cardano increased by more than 63 %.

He then added, in another post, that Bitcoin (BTC) and Ethereum (ETH) were going to be “obviously” included in this national reserve, which increased the price of the two main digital currencies by more than 10 % and 12 % respectively.

Bitcoin decreasing

A strategic reserve is a stock, of raw material or not, which can be released by the countries which owns them to face a crisis. A strategic reserve can also be requested by a government as part of a particular strategy.

 

This announcement comes as Bitcoin went down this $ 80,000 for the first time since November 11, penalized by the reluctance of investors for risk assets in the face of commercial and geopolitical uncertainty this Friday. Around 3:50 am Friday morning, Bitcoin, the largest digital currency by the value in circulation, plunged from 5.5 % to 79,627 dollars.

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It has plummeted more than 25 % in six weeks since its historic record at some $ 109,000 on January 20, Donald Trump’s inauguration day in the White House. The republican magnate displays positions very favorable to cryptoactives, having affirmed its intention to soften the regulatory framework for digital currencies.

By Editor