Trump’s Crypto Reserve Announcement Sends Prices Soaring
Donald Trump’s announcement of a national crypto reserve has sent shockwaves through the crypto market. The reserve will include Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Cardano (ADA). The market reacted immediately. BTC jumped over 8%, reaching $93,000. XRP, SOL, and ADA saw even bigger gains, with ADA surging over 60% in just hours. ETH climbed 10% as well.
This move marks a significant shift in U.S. crypto policy. Instead of focusing only on Bitcoin, Trump’s administration has chosen a broader mix of digital assets. The announcement has thrilled many investors but has also sparked debates within the crypto community.
Why Altcoins Made It Into the Crypto Reserve
Trump’s decision to include XRP, SOL, and ADA is a game-changer. Bitcoin maximalists had hoped for a BTC-only reserve. But Trump’s executive order calls for a more diverse approach. His administration aims to make the U.S. a global leader in crypto, and including multiple assets may help achieve that goal.
Altcoins like XRP have strong communities and practical use cases. Ripple’s XRP is already used for cross-border payments, and Solana is known for its fast transactions. Cardano has a strong presence in decentralized finance. Trump’s move suggests that the government sees value in these technologies beyond just Bitcoin.
Bitcoin Community Divided Over Crypto Reserve Decision
While many celebrated the news, some Bitcoin supporters are not happy. Bitcoin’s biggest advocates argue that the reserve should focus only on BTC. Prominent figures like Peter Schiff and Bitwise CEO Hunter Horsely questioned the need for altcoins in the reserve. Coinbase CEO Brian Armstrong even suggested that a market cap-weighted index would be a better solution.
Others believe that a diversified reserve is a smart move. Cardano founder Charles Hoskinson defended the decision, pointing out XRP’s long-term survival and strong community. The debate continues, with Bitcoin maximalists arguing that BTC should be the only reserve asset while others support a multi-crypto strategy.
What’s Next for Bitcoin’s Price?
After the announcement, Bitcoin’s price shot up but remained volatile. It surged past $93,000, briefly touched $95,000, then pulled back. Analysts are now wondering if BTC will hold these gains or drop again.
Veteran trader Peter Brandt pointed out that Bitcoin futures have left gaps, hinting at a potential retracement. Another analyst, Rekt Capital, noted that BTC is in a re-accumulation phase. If Bitcoin can close the week above $104,500, it could mark the start of a stronger rally. Some bullish analysts even predict Bitcoin hitting $150,000 in the coming months.
However, Bitcoin’s recent price movements have raised concerns. There are signs of excessive speculation, and large CME gaps suggest that BTC could see sharp corrections before moving higher. Bitcoin’s daily trading volume surged by 159%, with open interest rising, indicating heightened activity from traders.
Peter Brandt warned that Bitcoin’s rally might not be as sustainable as many hope. If BTC fails to hold above key support levels, a pullback to $84,000–$86,000 is possible before another push upward. Meanwhile, analyst Ali Martinez pointed out that global liquidity trends remain favorable, which could provide the fuel for BTC’s next breakout.
The market is now closely watching whether BTC will fill its latest futures gap or break through resistance levels. If momentum holds, Bitcoin could soon test $100,000, but if traders take profits, another dip could come first.
Long-Term Impact on the Crypto Community
Trump’s crypto reserve announcement is one of the biggest developments in the industry’s history. It gives legitimacy to digital assets and could lead to further institutional adoption. The decision could also push other countries to explore similar reserves, setting a global trend.
In the short term, market volatility will continue. Some investors worry about regulatory changes, while others see this as a sign of crypto’s growing acceptance. Either way, Trump’s decision to include Bitcoin, XRP, Solana, and ADA in the national crypto reserve is already shaping the future of the digital asset world.
