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Cryptocurrency prices rose after Trump's amazing announcement. Trump said they want the US government to buy and keep various types of digital assets in the Strategic Reserve Fund. The announcement highlights Trump's growing efforts to use the unstable cryptocurrency prices as a barometer of its public support.
Washington. Cryptocurrency prices rose slightly after the amazing announcement of US President Donald Trump. Trump said that they want the US government to buy and keep various types of digital assets in the Strategic Reserve Fund. The announcement highlights Trump's growing efforts to use the unstable cryptocurrency prices as a barometer of its public support. Trump said on social media that his government is working towards creating a 'Crypto Strategic Reserve'.
Which will include low-term cryptocurrency XRP, Solana and Cardano. He later said with another post that his planned reserve would also include bitcoins and ether. These are the two most popular cryptocurrency. This announcement saw a slight rise in Crypto prices after the recent selling. Bitcoin reached around $ 95,000 after falling below $ 80,000 last week.
After the announcement of Trump on Sunday, there was a huge jump in the prices of XRP, Solana and Cardano. But by Monday afternoon the prices came to the same level where they were before Trump's announcement. On Monday, US stocks also declined sharply after Trump confirmed the plan to impose 25 percent duty on imports from Canada and Mexico.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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