Bitcoin Surpasses $95,000 as Trump Inflates Strategic Reserves

Bitcoin ( BTC-USD ) has surpassed the $95,000 mark on Sunday after President Donald Trump touted cryptocurrencies and named five digital assets that he intends to include in the new US strategic cryptocurrency reserve. Other cryptocurrencies also rose in price when the President named previously undisclosed digital assets for their cryptocurrency reserve fund as part of his plan. On social media, Trump stated that his executive order in January will create a reserve of cryptocurrencies including bitcoin ( BTC - USD ), ethereum ( ETH-USD ), XRP (XRP-USD ), SOL ( SOL-USD ), and ADA ( ADA-USD ). Bitcoin ( BTC-USD surged more than 10%, ethereum ) ETH-USD rose 12%, XRP ( XRP-USD surged 31%, SOL ) SOL-USD rose 21%, and ADA ( ADA-USD surged nearly 60%. Trump said his executive order on cryptocurrency “directs the President’s Working Group to develop a strategic reserve of cryptocurrency including XRP, SOL and ADA”. “It is clear that BTC and ETH, as well as other valuable cryptocurrencies, will be the focus of the Reserve. I also like Bitcoin and Ethereum,” Trump added in a post on Truth Social an hour later. Trump’s order issued in January referred to “the ability to create and maintain a national digital asset reserve,” but did not specify any particular token. The Republican Party’s presidential candidate has become a favorite of the cryptocurrency industry after endorsing digital assets in his presidential campaign, promising to turn the United States into the “capital of the planet’s cryptocurrency and bitcoin superpower ) BTC-USD ( in the world”. However, cryptocurrencies have plummeted in recent weeks as investors fret over slow progress in regulation beyond the speculative meme coin launches and face uncertainty around tariffs and inflation. Trump will host the first cryptocurrency summit at the White House on Friday.