Bitcoin’s (BTC) price rose past $ 91,000 on Sunday after US President Donald Trump announced a crypto strategic reserve for the world’s largest economy.
In his first announcement, Trump XRP, Solana (Sun) and Cardano (ADA) announced as cryptocurrencies to be included in the reserve, and later BTC and Ether (ETH) also said be part of it.
Read more: Donald Trump names XRP, SOL, ADA, BTC and ETH as part of us Crypto Reserve
XRP jumped 31% in the last 24 hours to trade about $ 2.80, while Ada Price crossed over $ 1 and sun over $ 160, both rose more than 20% on Sunday.
Meanwhile, BTC had risen by 6% over the past 24 hours and finally traded over $ 91,000 after prices stuck nearly 80,000 to $ 84,000 series. ETH was over $ 2,400 and rose nearly 10% in the same period. The wider Coindesk 20 -Index (CD20) increased by 17% over the past 24 hours.
The news would also help the prices of crypto-connected stocks such as Strategy (MSTR), Coinbase (Coin), Robinhood (Hood) and Bitcoin Mine Workers such as Mara Holdings (Mara), Riot Platforms (Riot) and Cleanspark (CLSK).
Trump’s movement is likely to bring Bullish Sentiment back into the digital assets that had been weakening for a week.
Crypto prices began to show signs of life on Friday when the White House said Trump would host a crypto summit on March 7. Summit participants are set to include “prominent founders, CEOs and investors from Crypto Industry.
Read more: Crypto prices show signs of recovery with Bitcoin over $ 84K in the middle of Trump’s summit plans
