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US President Trump announced a crypto strategic reserve that includes BTC, ETH, XRP, SOL, and ADA to position the US as a global crypto leader.
American President Donald Trump announced overnight the creation of a U.S. Crypto Strategic Reserve. The news, long heralded throughout the Trump campaign, reignited price momentum on crypto markets.
Bitcoin tests key support amid macro headwinds. Is a rebound next?
Over the past trading week, ETH gained more than 5%, despite a major hack on one of the world’s largest exchanges on Friday. The crypto industry responded with unity, as key players took action to manage the fallout.
Altcoins see mixed performance as XRP ETF gains traction and Solana drops 17%. Bitcoin ETFs face US$585M outflows, while Ethereum struggles. Bitcoin holds above US$96K. RBA cuts cash rate to 4.10% amid US economic concerns.
As institutions double down on crypto, Bitcoin remains in a consolidation phase. XRP surged on ETF news and Grayscale filed for a Cardano ETF. Goldman Sachs invested billions in Bitcoin, and Abu Dhabi’s sovereign fund poured US$436M into BlackRock’s Bitcoin ETF.