Hassan Maishera
TL;DR
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Bitcoin is trading above $94k after rallying 10% in the last 24 hours.
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The rally comes as President Trump named RP, SOL, ADA, BTC and ETH as part of the U.S. crypto reserve.
BTC Hits $94k, ADA Up 63%
The cryptocurrency market is extremely bullish on Sunday following news on a cryptocurrency reserve in the United States. Bitcoin, the leading crypto by market cap, added 10% to its value on Sunday and hit the $94k level for the first time in nearly a week.
This positive performance comes as the U.S. President Donald Trump announced that XRP, Solana, and Cardano would be included in a U.S. strategic crypto reserve. While announcing this on Truth Social, Trump said,
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
Cardano’s ADA, one of the coins mentioned by Trump, rallied by 63%, outperforming every other cryptocurrency in the top 10. At press time, ADA is trading at $1.02, overtaking Dogecoin to become the 8th-largest cryptocurrency by market cap.
ETH is up 12% and is approaching the $2,500 level while Solana’s SOL is up 21% and now trades at $170 per coin. XRP maintains its third place in the market, up 31% in the last 24 hours.
Thanks to the ongoing rally, the total cryptocurrency market cap now stands at $3.12 trillion.
