Trump announced a cryptocurrency war, and five cryptocurrencies, including bitcoin, were favored
2025-03-02 20:18:51
On March 3rd, Trump tweeted on social media on Sunday that the United States will create a strategic cryptocurrency reserve, which will include Bitcoin, Ethereum, as well as Ripple, Solana and Ada. Affected by the news, cryptocurrencies rallied on Sunday. The post read: "For years, the Biden administration has unfairly cracked down on the cryptocurrency industry, and the U.S. cryptocurrency reserve will enhance this vital industry. I will ensure that the United States becomes the cryptocurrency capital of the world." In a subsequent post, he also said: "Obviously, Bitcoin and Ethereum will be at the heart of this reserve." Ripple rallied 33 percent on Sunday, Solana jumped 22 percent, Ada more than 60 percent and Bitcoin climbed $10,000 to nearly $95,000. < b > This is the first time Trump has explicitly supported the creation of a cryptocurrency "reserve" rather than a "reserve inventory". "Reserve" means regular and planned active purchases of cryptocurrencies, while "reserve inventory" simply means that the U.S. government will not sell any cryptocurrencies currently held.
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