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Cryptocurrency prices jumped on Sunday after President Donald Trump said the US strategic reserves for digital assets include lesser token solana, XRP and Cardano.
Trump made the disclosure on his true social media accounts, adding: “We confirm that the United States is the crypto capital of the world. We're making America great again!”
His comments raised industry-wide prices after weeks of sales pressure as cryptocurrencies were hit by market shaking for riskier assets.
Traders also cited complaints that the Trump administration has not moved fast to enact some of the reforms it has promised in the campaign trajectory.
Solana is a token representing the blockchain that hosts most memokines, including Trump's own coins, up 19% to $169.71.
The ADA, representative of Cardano's blockchain, has surged by just over a dollar per token. XRP is a coin belonging to Payments Group Ripple, adding 27.7% to $2.70.
Bitcoin rose 5.5% per coin to over $88,900.
During his first days of office, Trump signed an executive order in favour of the growth and use of digital assets and blockchain technology, vowing to create a nationwide stockpile of Bitcoin.
This is a developing story
