News

Bitcoin and Ethereum experienced a sharp rise on Sunday after Donald Trump confirmed that both would be included in a planned U.S. crypto reserve.

President Donald Trump has announced the creation of a U.S. strategic crypto reserve, which will include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).

The Deribit-listed $100K strike call has seen the biggest jump in open interest in the past 24 hours.

The Deribit-listed $100K strike call has seen the biggest jump in open interest in the past 24 hours.

It's been a bumper day for crypto fans after President Donald Trump took to social media to announce a proposed reserve of digital assets would include bitcoin, ether, XRP, solana and cardano. Bitcoin is up around 10% while ether jumped 13% before easing back a touch as details of how the fund would work are not clear yet and, presumably, will be outlined at Friday's White House Crypto Summit. Analysts are wondering exactly how the reserve will be funded given the government has $36 trillion of debt, so borrowing to buy crypto would seem a tough sell.

SINGAPORE (Reuters) -Bitcoin surged more than 20% from last week's lows on Monday and several other cryptocurrencies also rallied sharply after U.S. President Donald Trump raised the possibility of a new U.S. strategic reserve that would include a range of tokens. Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies, including bitcoin, ether, XRP, solana and cardano. Ether was also up 20% from Friday's lows to $2,351, a 7% drop from Sunday's closing levels.

When President Trump speaks, the crypto market listens.