President Donald Trump expressed that the strategic crypto reserve including Bitcoin and Ethereum would boost the crypto sector. Following Trump’s statement, Bitcoin surged by nearly 10%, surpassing $93,000.

According to analysis firm Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by over 11% in 24 hours to reach $3.11 trillion. The largest cryptocurrency, Bitcoin, climbed by almost 10% to over $93,000. With this increase, Bitcoin’s weekly value loss stood at 3%. Ethereum, ranking second in market value, also saw a price increase of about 12%, rising to $2,457.

TRUMP’S STRATEGIC CRYPTO RESERVE ANNOUNCEMENT President Donald Trump stated that the strategic crypto reserve, which will include Bitcoin and Ethereum, would elevate the crypto sector. Trump, in a post on the Truth Social social media platform, defended that the U.S. crypto reserve would elevate this critical sector after years of corrupt attacks by the former President Joe Biden administration. Mentioning progress instruction to the Presidential Working Group on a strategic crypto reserve including XRP, SOL, and ADA, Trump noted, “I will ensure that the U.S. becomes the world’s crypto capital. We will make America great again.” He added, “And of course, Bitcoin and Ethereum, like other valuable cryptocurrencies, will be at the heart of the reserve. I also love Bitcoin and Ethereum.”