Cryptocurrency prices surged after former President Donald Trump announced that Bitcoin, Ether, and several major altcoins would be included in the US strategic reserve. The move marked a major shift in the government’s approach to digital assets, cementing the cryptocurrency’s place in global finance.

Bitcoin, Ether Become Foundations of National Reserve

In a post on Truth Social, Trump revealed that his executive order in January would establish a reserve that would include Bitcoin, Ether, XRP, Solana, and Cardano. While the order had been made public, the specific list of assets has only now been revealed.

Trump emphasized that Bitcoin and Ether would play a core role in the reserve, demonstrating his strong support for the two largest cryptocurrencies. This also aligns with Trump’s previous pledge to retain all Bitcoin held by the US government, rather than auctioning it off like previous administrations. The US government currently holds around 200,000 BTC, worth around $19 billion, mostly from seizures in legal proceedings.

Crypto Market Reacts Strongly

Soon after the announcement, crypto prices saw an explosive rally. Bitcoin rose 8% to $93,007, recovering from previous weeks of losses. Ether also surged 9.7% to $2,438. XRP led the gains, surging 24.5% to $2.80.

Other major altcoins were also in the positive zone. Solana rose 18.7% to $170.27, Cardano surged 58.8% to $1.07, while Dogecoin posted a 10.7% gain to $0.22. The rally reflects investors’ confidence in a more crypto-friendly future under the Trump administration.

Cryptocurrency Becomes National Debt Relief Tool

According to administration officials, one of the goals of the national digital asset reserve is to leverage Bitcoin and other cryptocurrencies to help manage the US’s massive $36 trillion debt. Trump wants to position the US as a leader in cryptocurrency adoption, rather than letting other countries like China or El Salvador get ahead in the field.

Mixed Responses From Financial Sector

Trump’s decision has received both support and controversy. Eric Trump, Executive Vice President of the Trump Organization, praised the move on social media X, calling it a “genius” strategy. He stressed that the traditional financial system needs to adapt quickly or else it will be left behind.

However, not everyone agrees with this view. Jeff Park, CEO of Bitwise, warned that including too many cryptocurrencies in the reserve could reduce the effectiveness of this strategy and cause unnecessary volatility in the market. He argued that a reserve focused on Bitcoin would be more stable than adding many altcoins.

Market Continues to Be Volatile Following Trump’s Policies

The event is an important signal for the future of cryptocurrencies in the United States. However, the value of Bitcoin and other assets may continue to fluctuate as policymakers and regulators decide what to do next.

Currently, the cryptocurrency market is enjoying a strong bull run, but whether this trend will last will depend on the Trump administration's next policy decisions and how the market reacts to these changes.