Donald Trump’s Crypto Strategic Reserve is facing backlash from Bitcoiners, who are calling it a "shitcoin reserve" for including XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin and Ethereum
Spot CVD shows buyers as the aggressors, indicating spot demand as open interest stays flat.
XRP, ETH, SOL and ADA price have also surged following Trump's announcement.
Donald Trump’s Official TRUMP token surges 18.1%, outperforming DOGE, SHIB, and PEPE, after he confirms that Bitcoin and Ethereum "will be at the heart of the Reserve."
President Donald Trump said on Sunday that his recent executive order on digital assets directed his team to create "a Crypto Strategic Reserve that includes XRP, SOL, and ADA."
XRP has officially flipped Tether (USDT) in market cap, becoming the third-largest cryptocurrency after Bitcoin and Ethereum.
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In an emerging sector like cryptocurrency, changing regulatory regimes can be a threat, an opportunity, or a mix of both. In keeping with the new presidential administration in the U.S., there's yet another change investors need to be wary of or, perhaps, position themselves to take advantage of.
WEST PALM BEACH, Florida (Reuters) -U.S. President Donald Trump on social media announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies on Sunday, spiking the market value of each. Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. More than an hour later, Trump added: "And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve."
Donald Trump announces plans for a U.S. Crypto Reserve including XRP, SOL, and ADA—without Bitcoin.
