John Deo

U.S. Crypto Reserve Announcement Sparks Major Market Rally

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    Posted by John Deo Mar 3 - Filed in General - #financialmodelingprep  - 22 views

    Crypto Prices Surge Following Trump’s Executive Order

    Cryptocurrency markets skyrocketed on Sunday after U.S. President Donald Trump announced the creation of a U.S. Crypto Reserve, fulfilling a campaign promise aimed at strengthening America’s role in digital assets.

    \ud83d\udd11 Key Takeaways from Trump’s Announcement

    \u2705 U.S. Crypto Reserve to include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
    \u2705 Executive Order on Digital Assets directs the Presidential Working Group to establish a Crypto Strategic Reserve.
    \u2705 Trump: “I will make sure the U.S. is the Crypto Capital of the World.”

    \ud83d\udcac Michael Saylor, Chairman of Strategy (NASDAQ: MSTR), responded:
    "Bitcoin is the foundation of the crypto economy."

    \ud83d\udcc8 Market Reaction

    Following the announcement, major cryptocurrencies posted double-digit gains:

    • Bitcoin (BTC): +8% \ud83d\ude80 $92,000+
    • Ethereum (ETH): +10% \ud83d\udcc8
    • XRP: +23% \ud83d\udcca
    • Solana (SOL): +19% \ud83d\udd25
    • Cardano (ADA): +50% \ud83d\udcc8

    \ud83d\udd0d Investor Implications

    • Institutional adoption could accelerate as regulatory uncertainty eases.
    • Crypto equities like Strategy (MSTR) may see increased demand.
    • Regulatory clarity could attract more U.S.-based crypto businesses and investment flows.

    For real-time crypto market insights, investors can track Crypto Data with FMP’s API.

    \ud83d\udccc Bottom Line: Trump’s pro-crypto stance has ignited fresh momentum, but long-term implications depend on policy execution and global market reactions.