In a surprising turn of events, U.S. President Donald Trump made a major investment announcement on Monday that sent shockwaves through the cryptocurrency market. The White House provided few details about the announcement, but it was enough to cause more than $200 billion to be added to the value of cryptocurrencies in just a few minutes.
During the announcement, President Trump revealed that XRP, cardano (ADA), and solana (SOL) would be included in a strategic crypto reserve established by the US government. This news caused prices to skyrocket, with XRP seeing a significant jump from $2.23 to as high as $2.99. The market capitalization of XRP spiked by $44 billion to $173 billion in less than an hour.
Similarly, the price of SOL rose from $140 to $168, while ADA experienced a jump from $0.68 to nearly $1. Following this initial announcement, President Trump then added bitcoin and ethereum to his list of preferred tokens on his Truth Social platform. As a result, the price of bitcoin surged by 9% to $93,000, adding $166 billion to its market capitalization.
The impact of President Trump’s investment announcement on the cryptocurrency market cannot be understated, as it reshapes the landscape of digital assets and underscores the growing importance of cryptocurrencies in global finance. Investors and enthusiasts alike will be closely monitoring the developments resulting from this significant announcement.
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Video “LIVE: Donald Trump gives major investment announcement” was uploaded on 03/03/2025 to Youtube Channel The Times and The Sunday Times