Trump unveils digital assets to be included in crypto strategic reserve, sending Bitcoin, his memecoin and others soaring

President Trump has unveiled the digital assets that he plans to include in the US crypto strategic reserve, causing the value of those coins, many of which had been in a slump, to skyrocket.The five cryptocurrencies Trump is eyeing are Bitcoin, Ether, XRP, Solana and ADA.Trump had signed an executive order in January to evaluate the “potential creation and maintenance of a national digital asset stockpile.”On Sunday, Trump referred to what he previously called a “stockpile” as a “Crypto Strategic Reserve.”“My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.

I will make sure the U.S.is the Crypto Capital of the World,” Trump wrote on Truth Social.

“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve.I also love Bitcoin and Ethereum!”Trump did not specify how much would be invested in each digital asset.All five coins all skyrocketed in value Sunday, notching 8% to 20% increases by 2 p.m.

ET.Bitcoin, the largest cryptocurrency by market value, had been hovering around $86,000 per coin, down from a high of about $106,000 earlier this year.On the heels of Trump’s announcement, it jumped to almost $93,000.

Ether’s value shot up about 11.6% to about $2,476 by 2 p.m.ET, while XRP also jumped 11.6% to $2.76, Solana surged roughly 20% to $168.45 and ADA went up about 11.6% to $0.66.Notably, Solana’s blockchain platform hosts Trump’s eponymous memecoin — a type of cryptocurrency which derives value from internet hype cycles rather than intrinsic value or utility.Back in January, the Trump memecoin launched, briefly pushing Trump’s net worth to over $60 billion, by some estimates.

The Trump coin nosedived from about $44 to about $13 on Saturday.On Sunday, it jumped over 18.5% to $15.39 by 2 p.m.

ET.Members of his family have also launched or invested in cryptocurrencies.Trump drew significa...